5 Things Motorcycle Dealers Will NEVER Tell You
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- Опубліковано 3 жов 2024
- Sean goes through the 5 things that motorcycle dealers will never tell you. These secrets can cost you hundreds of dollars if you don't know them!
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When I was starting out in life, a car was a luxury item, my bike I paid $300 cash for, it was $33 to register it, $10 to have it inspected and $143 to insure it for the year. I couldn't put a car on the road for that.
Which bike cost $300 i want to know...
Nishad S either stolen or beat to death
I got a 1980 cb 750 for 500. They are out there
@@delalias5754 It was a 1981 Honda CB650, barn find, 10,890 miles on it. The 80's bikes are cheap, easy to work on, and often times have excellent power to weight ratios.
That formula doesn't work well up here in MN..... unless public transportation is an option.
My 1st bike (street) was an 82 Suzuki GS650G I got for $600 in 1995. Wasn't pretty anymore but it ran well.
I ride every day to work, bikes can be more than just weekend toys.
Ben Pielstick I don’t remember him saying they couldn’t be.
I get where you’re coming from, the “luxury item” part. I ride mine to work every day, and it’s cheaper for me to use this bike than it is to drive a car. Brand new motorcycle with a warranty and peace of mind. Finance plus insurance, $230 per month. Used car, cheapest insurance I’ve found for anything reliable is $250. I’ve got a wreck on my record from 2 years ago and insurance companies spit in my face for it. For me, a bike is my only option. I didn’t ride in 6°F for the fun of it.
@@BigStomper He said a bike is a 100% luxury item. That is false. Bikes are cheaper than cars, far cheaper, including gear, including training. I personally think that is one reason motorcycle sales are down across the board. Young people have no money for expensive luxury items. Nobody is making and effectively marketing cheap, practical, commuter motorcycles, for normal people. If you walked into a Honda dealership and the sales person said "You can either buy this Civic for $20k or this Rebel for $5k, both will get you to work and back just the same," we'd see a lot more bikes on the road.
Most places in the USA, you can ride a bike year round. Even in places where it snows, if it doesn't snow that many days a year, you can hitch a ride with a friend or catch an uber or whatever for those days, and still pay less for transportation annually riding a motorcycle than you would driving a car.
Ben Pielstick exactly! That is what my scenario is, Tennessee.
@will smith well I live in germany and I did it.
We are an RV/auto dealership in Oregon. We love riding motorcycles and selling them as well. I congratulate you for being so honest with the public. We love the content, keep it up.
I’d sacrifice everything to be able to ride. It’s a toxic thing, but riding my motorcycle is the only thing that makes life truly enjoyable for me.
100% true 😄😄. Lets be real.
Sigma male grindset
100% spot on...especially about financing the gear and such. When my nephew started riding, I gave him a helmet and a jacket and told him, "Before you buy a bike...buy all your gear". I have seen so many new riders spend every dime or finance all the bank will lend them to buy a bike, then ride around with no gear because they "can't afford it".
I actually don’t own a car. My motorcycle is my only method of transportation.
Germain Gonzalez I wish
Me too! It is Not a luxury, it is my only transport
Lol same. Everyone at work laughs at me.......
I know the joys and pains of this
@@guydurango3553 if its that bad outside where i live none of us are going into work that day anyway
"I bought my bike for $500 and ride it to work every day"
Yeah he's not talking about that kind of bike.
exactly, ppl dont get that
#6 goes for anything. If you don't have the cash, don't go into debt. Great advice.
tough love
If ever I buy a bike from a dealership I think it will be you. I’ve been putting money back for a few years to buy a bike. Occasionally I’ll tap into that for stuff I need like the gear and stuff because I’m a firm believer in having gear ready before you buy a bike
A bike is a luxury item. *laughs in 3rd world country where a bike is the most affordable ride you can buy*
Yeah dummy 100 cc motorcycles.
You meant moped, right?
Sean isn't in a 3rd world country, so obvious to most folks, that is not his point of reference.
@@Pabloman333 Also there are basically no 3rd world countries with heavy winters. Cars/trucks are mandatory in most parts of the US.
@@syiunshi you are joking right, eastern European northern countries have horrible winters. They you have the likes of Nepal and a good chunk of India who also have bad winters but they travel by bike. In the uk you can pick up used bikes from dealerships pretty cheap with warranty and in the north we can regularly get snowed in but it doesn't stop us from using our bikes as a primary mode of transport.
Love the honesty in the video. His is the type dealership I would want to deal with. Thumbs up. Sadly I think the outfit is in Pennsylvania about a bazillion miles away.
In PA, which explains why some people commenting are able to use a bike as their primary mode of transportation. I think sometimes people in SoCal forgot that's not the only place in America 😃.
Here in MN a bike is DEFINITELY a luxury item.
If you're in the NW (Portland area I think), Shawn Smoak is on YT and he sounds like a rock solid tech (not sure of the dealership, look him up here).
I really admire this persons passion and honesty. #respect
About add on fees. I was looking at a used harley street 500 with 15 miles on it. That harley dealership adds $800 prep fee to all its used bikes. I asked the shop rate and it is $120/hr. I said I really don't think it will take 6-7 hours to prep a motorcycle with 15 miles on. Anyways, their OTD price ended up being a joke so walking away was easy.
It was a Street 500...you did yourself a favor by walking away from it.
😂😂what a joke!!! A "prep" "fee"!?!? Just like at a car dealership. They have a minimum wage worker check the oil, tire pressure, top off the gas, check the lights, open and close the doors, start the car, go forward, go reverse, honk the horn etc etc etc. Right before they bring it out to the customer. 10 MINUTES TOPS!!!! PHEW!!!!! boy what a hard days work!!!!😂😂😂😂😂😂😂
@@Kris_P._Bey_Ken FUNNY...still laughing. Thanks
Kris P. Bey Ken not all dealerships. All the dealerships I’ve worked at since 1997, the techs prep the vehicles
Kris P. Bey Ken Every bile dealer I worked at did full tune ups and replaced pretty much all wear items. Brake pads, chains/belts, cables and hoses. Fluid and filter changes, and usually tires. $800 would have been cheap for the work we did.
Man... This guy genuinely seems like a great guy. Love the videos in looking to purchase a bike real soon. He makes me want to drive from NC just to buy a bike from him
You wouldn't be the 1st to drive that far to purchase a ride from them
you should! everytime I go on their site there's something I would buy and the prices actually are competitive with private sales online. it'd be a nice trip for me from Ohio, pick up a great bike from great ppl
Not a luxury for everyone. Some people rely on it to go to work etc
ChambersofSiege I have multiple bikes and cars but I always ride my bike as getting into centre of London is impossible by car.
ChambersofSiege remember your opinion is just that, an opinion. I only ride my motorcycles as it suits me. I have an expensive car that my wife drives as I don’t like being stuck in traffic. I Have yet to
Experience weather I can’t ride my bike in, besides snow. Regarding health, if I can’t ride it’s not safe to drive either, and driving while impaired or injured is criminal. “Not in control of a motor vehicle” etc in UK it is possible to ride all year, as it doesn’t get very cold down south. Rain in water, correct tyres are designed to operate in wet conditions
A lot of ppl are conditioned into believing motorcycles are toys blah blah, this is due to mainly pure leisure riders, if you only ride a bike for leisure that’s great. But remember that it’s not because I can’t afford to drive it’s called CHOICE
Yes, Only owned a bike for 10years in maryland. Road it all year long no issues, snow rain whatever isn't a problem as long as you prepare for like the same as walking, and don't ride like an ass. Just watch for that ice.
patrickdk77 true
Hi Shaun. Regarding point 6. I know an ex bikesales guy who told me this goes on all the time. He said he used to feel sick sometimes selling new bikes on finance to blokes who clearly couldnt afford it. His bosses just said get on with it. He left that job. Well done fot doing the right thing. Buyers remorse is real. I know from experience.
You can't protect people from being stupid.
honesty ..that's why You are nr 1 in my book ,, God bless You
It's refreshing to hear a dealer being honest, thank you.
Great video. 1 remark - in some cases a motorcycle is not a luxury. I ride mine almost every day to work to save $$ on gas. Lived 5-6 years solely riding a bike. Yeah,...Jan and Feb sucked.
I found your channel a few days ago .
I’m looking at buying my 1 st road bike .
I’m trying educate my self a little b 4 I start shopping around .
I have learned a LOT from you .
Thanks for taking the time & being straight up with us .
I worked used cars sells years ago, you are 100% on everything you just told everybody in this video.
Thanks again !! 🤘🤘👍
Man, I appreciate the honesty. I’m in Philly and if and when I decide to get into motorcycles again, I’ll look you guys up first. I still regret selling my Moto Guzzi V7 Racer. Stupid me.
Many have regretted selling their bike, myself included. I went a dozen years without one, then jumped back in three years ago.
Can agree with you on the sales margin. I work at a dealership that sells Ducati's and we've sold a few $70,000 V4R's and on each we've only made about $3-6K on the bike after all costs, fees and everything are calculated.
Number 6 is big! Thank you for saying that out loud. It is very important to hear.
Yes! Good on him!
@@charliepatterson9321 Yes, there's a proportion of people for whom this is true (especially in other countries like in SE Asia), but if you look at the bikes manufacturers make to sell in western markets, the motorcycle segment is predominantly pitched at fun, adventure, racing etc. How many people are actually out to buy a practical, fuel efficient, low insurance premium bike?
@@charliepatterson9321 A bike is a necessity for some and a luxury for others. It depends on your personal circumstances which one it will be. Sean was just saying, don't get a loan for luxury items.
Just bought a bike from Harley Davidson in North Carolina sticker price 14,900 ended up getting it for 12,500 and they changed out my seat and put on a sissy bar pretty happy with my purchase! Enjoy the test ride vids Keep em up!
I appreciate your time to keep us informed. I am glad to say I own both my car and my motorcycle outright. I traded a guy for an '82 Yamaha Seca xs400. With quarantine going on, I just have to wait to register the bike and get my endorsement.
Thank you for these videos. Great - and necessary - to be reminded of the reality of the dealership business. On that last comment, there aren't many of us out here who actually use their bikes for commuting, work, trips, etc. Living in the West, a few that can do that, do! Keep up the good work!
#6. Why there are 70 bikes in the warehouse but only 16 listed on the website
I work for a very small dealer in Tulsa, OK. We don't charge finance fees, freight and prep, or anything other than the price of the bike. We sell Yamaha, and margins are much much smaller than I anticipated, but we're honest. It's kind of refreshing coming from the auto/RV industry where everything is run by corporate and the only goal is to sell. We get to control our pricing and more often than not, the dealers around us that charge the absurd doc fees drive more sales right to us.
I just pay whats on the sticker. By the same token, when I price a job, take it or leave it.
God bless you I'm not a big bike guy but the fact you spread the word of God has led me to subscribe and watch and your honesty is truely the way a Christian should be I do the same thing with my business I'm in Sydney Australia and its really enjoyable to see my clients come to Christ God bless you keep up the God work!
Thank you for this. Now I know that when I got $1,000 off, it was a great deal 🙏🏾 2019 Yamaha Bolt 950cc
Number 6 is 100% gold!!! I have wanted a bike since I was 13......but school, food, car, house, investing for the future and now wife and kids come WAY before that. I'm now 40 and still don't have a bike.
I love your business ethic, I love your scripture verse before each ride, I love your respect for life and your potential customers......I wish that you were closer so if I ever buy a bike I could get it from you!
When it's your only mode of transport it's not a luxury item.
I daily drive myself, so I disagree with that one too!
U would already have a bike in the first place if it's to get u to work unless it's broken and costs to much to fix then I would have to agree with you 👌
Indeed, Fuel,Service,New tires everything is cheaper compared to a car
Jason Kaminas Not to mention insurance!
You ride in the rain and snow to get to work? If you can, good for you. But I doubt it.
How refreshing to hear Truth with sales.
God bless you, young man
🐟🎁
It's nice to know someone is straight up ! Thanks ! I've enjoyed your other videos as well.
I appreciate the honest quality advice. There's a dealership near me that is trying to sell me a new 2020 Suzuki DR200 for over $6,000 out the door. It is 4,650 msrp. That seems ridiculous to me. I could hang with 5,500 or even 5,700 out the door, but just over 6,000 seems way high. Probably that freight and high mark up.
Wow, so many people here know what a luxury item is; good job, he isn't talking to you.
My motorcycle is my every day transportation. Cheaper gas and insurance. But Sean is 100% correct if you just want one because their cool or even just to ride on the weekend and never finance gear. If you wanna ride start getting gear before a bike, good gear can cost $$$
I too use my bikes as transportation, to the tune of 20-25000 miles yearly, so they are not a luxury for me, but I know I'm in the minority.
@@johnb2956 I don't know what it's like in the USA, but here in Europe a lot of people commute daily on a motorcycle.
It's a more affordable choice over a second car.
@@TitusLennon i beg to differ.
A motorcycle is usually a better choice, economically, over a second car.
Yes, we wouldn't buy a bike if we didn't enjoy it, but just because we like something, doesn't make it a luxury.
To follow your analogy, a Dodge Viper would indeed be a luxury item, but if i were to buy a small Hyundai instead, you can hardly argue it's a luxury item.
Some bikes are luxuries and some are just a sensible commuting choice, it all depends on what you buy and what you use it for.
@@TitusLennon in a family where both adults work full time, a second car is not a luxury if you require your own form of transport. In this case, you can choose for a motorcycle instead and still ride in all weather conditions. I know the group of people who belong to this category is a minority of riders, but they are plenty to take them into consideration.
A car is not always a better investment, certainly not from my view.
A cheap car is still more expensive to buy, maintain and insure, over a motorcycle with the same standards as the car in question.
Also, you assume every motorcycle rider also has a car. I can assure you, not all of us do.
@@TitusLennon i do understand your point, but i do not agree to it.
To answer your point, what about those that choose a motorcycle over a car, not because they particularly enjoy motorcycles, but because they absolutely hate driving a car?
Your arguments are very easily spun around in the other direction, at which point they are no longer representative of your hypothesis and work to counter it.
You could just as easily argue cars are luxury items and everyone who chooses a car over a motorcycle, does this because they enjoy cars over motorcycles.
Both are modes of transportation with their own pro's and cons and, imho, they should receive equal consideration.
Painting every motorcycle as a luxury item is a gross generalization and does not represent the real world with all it's nuance
This was probably one of the best videos for someone new to riding. Great info and advice.
Appreciate your integrity!
Based on this video, you'd be the first place I'd visit to buy a bike. I've spent most of my life in the wholesale business so understand the "behind the scenes" aspect of retail and the costs/factors/tricks/and-or integrity of how things are. You nailed it here, and I do lament the fact that I'm in the market now but that you aren't nearby.
This isn't the first video of yours that I've seen, but this is the most important that I've seen.
Hey Sean, I got a '86 Honda shadow 500 that I'm gonna trade in at your store whenever I'm ready to move up in bike, I'm in the CLT area and your prices are great! Love your videos and honesty!
Respect to you! Stand up guy! Yes it's a dealer who is this upfront deserves your business! You also absolutely correct on it being a luxury item. Feed your self or the family. Then when you have earned your rewards get your bike and without the worries of feeling guilty. You then can truly love that freedom!
I waited until I got the money to upgrade from my 125cc (now riding a 97 Vulcan 500).
And yet I have big plans and a huge life project (fully nomad for a year or more on 2 wheels) but I waited until I could afford it. The bike that is, I'm still missing all the camping equipment lol... One thing at a time 😂 🤣 😃 - baby steps.
Don't get in debt for this... Don't get in debt for anything actually, you are only making the bank more money, and they kill us enough with fees as it is.
Car broke down, needed some cheap mode of transportation for the spring, summer and coming fall. I decided to buy myself a motorbike, but didn`t want any debt, so I bought myself a Yamah sr125 for 800€. Smallest cc I have driven in a very long time, but it gets me where I need to go.
If you have the cash, it’s a good idea to tell the dealer you are going finance, beat them on the monthly payments, they will eventually lower the price of the car, bike, etc, then you tell them you are going to pay cash.
LoL, from my experience you finance they claim they are doing you a favour so offer no discount. But if works go for it
I bought a Harley in 2008. It was hard to get them down, but they went down a little. I pretty much got them to provide the extras I wanted. Windshield, saddle bags, sissy bar. I think it added up to about $350- 400.
A sales person told me his commission on a Honda is $300 vs $2500 for Harley sale
I work at Harley dealership. You are incorrect on the commission rate ..
I guess it would depend on the sticker price vs final price on the commission bud my pops worked at a Harley dealership as well as sold cars at a gm / Cadillac dealer and he would see between 2-5% give or take
I yea
Somebody lied to you.
I do believe your honesty is going to put you far ahead of your competitors. It is too bad that I am not in the market for a new motorcycle right now as I already have one and neither need nor can afford another at this time. However, when the time comes, I may make the journey to your shop to buy from you.
The reason Harleys have high margins is because they went crying to the government and got massive taxes put on imported bikes. They did it because they knew they couldn’t compete on a fair footing.
From what i've seen I much rather have a Honda then a Harley....maybe a BMW bike...
Aaron Japanese bikes are more reliable. European bikes have more charisma. Harleys are for people who want everyone to know they have a motorcycle.
Jake Laughton When I was young and arrogant i gave unwanted opinions about what other ppl rode. Now (after many years riding) I realize that life’s short. I just like to see ppl enjoying their bike. Doesn’t matter what they ride.
I did my research, found an inexpensive second hand bike, paid cash for the bike and a full outfit of riding gear, less than $5000NZ all in. Registration and full insurance another $750 for a year and $20 per week for fuel (fuel is expensive down here). But free parking right outside of work. The fuel, registration and insurance was cheaper than riding the bus every day and driving a car would have incurred around $25/day or $5800 per year. It was a no brainer to get the bike.
Havent ridden in a very long time
why ? Priority of necessity over
being wanton for a luxury has kinda kept me ' check ' and i spontaneously hung my head when you told me that I was
BROKE. Yeah, sometimes the truth
hurts
Bet you're not too broke for a Grom or any 300.
@@GT6SuzukaTimeTrials 10- 4 seen them a lot on YT....think I'll
check em out. I guess my first question would be ; are they made in China. Thanks
@@michaelsaleeby2691 Alternatively, you can look at the dual sport market. They have utility applications to them, but are also very enjoyable to ride. I have a KLR-650 myself and use it as a daily driver, due to the low cost of insurance, maintenance, and fuel. I have a lot of fun on it and with saddle bags and straps, I can carry a pretty beefy load of groceries, if I need to.
@@michaelsaleeby2691 My CBR300R is made in Thailand but Harleys do have a lot of Chinese parts or builders.
@@GT6SuzukaTimeTrials didnt know that thanks.
#6 is advice a lot of young (and some older) people need. I remember some years ago H-D came up with this Blacked out, dark series of bikes targeted towards 26 and under. The 883c.i. was the only one of I think 5 bikes that someone that young should consider buying. Thank you God bless.
My bike is my only transport, don't even have a car. 👍🏍
In PA it is more of a luxury cause winter. But down south a bike could be your lone transportation.
A car is a luxury to me
“5 thing we will never tell you”
Yet we’re telling you right now what we won’t tell you while we WOULDNT tell you... but we are
I always liked the freight and prep charge. My wife worked at a Chevy dealer for years and they would get their cars delivered from out of state. When the same cars were made about 30 mins down the highway. I always used to laugh about it.
I paid 1100 dollars for my bike, been riding it to work and back for the past year, a car would be a luxury item for me 😂
Cheap cars are out there too especially if youre mechanically inclined. I bought a 600 dollar 2002 subaru with 296k on it almost 2 years ago and i just pulled the motor and did some new seals and gaskets and a clutch while it was out and she still runs like a champ at 319,140 miles and itll truck thru 2 feet of snow with ease. Love my cheap beater cars
Thanks for the info. I applied it and got my bike far cheaper than what I would of gotten it by keeping silent. HUGE SAVINGS!
What did you do and get?
I financed my CBR 300R when I was broke. $130/mo for 48 months and I've had it for 5 years. I could sell it for 2500-3000. Just saying it's a great way to build credit and worth doing if you're going to keep the bike for a long time.
@@TitusLennon ?
Buddy traded in a 48 foot spread axle trailer. The dealer used it for a stage for 3 months during bike night, then sold it.
People pay attention to him. He’s 100% RIGHT !
shawn your my top 1 motorcycling show im a new retiree 35 years of service in hospital. first thing i do in the morning is make coffee and relax with you and your motocycling knowledge and story. so coffee ready srkcycles page ready im so pumped let go. ride safe bro.
Five things I'll never tell you
#1
#2
#3
#4
#5
#1 that you dont love me
Glad I’m doing more research before I’m gonna be buying my first motorcycle, I’ve researched everything about it, even looked around for the best price second hand (only able to find it at dealerships, next to no private sellers), just genuinely don’t want to act like a tool when I show up to look at it/buy it. Thanks for the helpful info, from the uk
How is this not obvious to people? Just grabbler tactics.
Sean is great and honest, i really appreciate that, It is however not always a luxury item as others also commented. I use it for work and still have fun riding it
Nonsense a bike is not only a luxury item when you ride to and from work all year round. My bike is my livelihood 🌚
How’s monsoon season for yah
Josue Infante The UK doesn’t have a monsoon season. We have a winter.
If you're not walking or riding a bus, a bike's a luxury.
Gabrial Avichai yeah good point actually
Try that in MN 😃
I know this was a while ago, but you guys should remember that in a lot of places in the world, motorcycles are essential transport. Because of their relatively lower cost and also because of climate and traffic. Try driving a car through bangkok and then decide if a motorcycle is a luxury item or not. In America, yeah motorcycles are mostly a luxury item, but the world is a big place and there are many countries like india and thailand, phillipines, malaysia, where the weather is ideal for 12 months a year riding and they don't have the money for a nice car, but they can afford something like a cb500x or ninja 400 to get them around and part availability and service is available cheaply.
Bikes are a luxury. Me and my friends none of whom drive cars would disagree with you on that one
Depends on the person, some people only ride motorcycles
You are awesome. Another great vid. Thanks you are a true consumer warrior! Tired of dealers adding fees.
BEST THING TO DO IS PAY CASH
Banks don't like to see that nowadays.
Plus, if you spend more than $9,999.99 in cash, you automatically get audited.
BUT, if you can pay cash on a cheaper bike then hell yeah, go for it.
I don't carry cash. I finance and pay it off in 2 or 3 months to keep my credit score above 820. When I get zero percent financing I move the money into another account and do automatic payments.
@@wesleypyron4187 got audited because of this very thing on a Buick in Ontario
Dennis GasparZ you're so wrong. Money is so cheap to borrow, finance it and use that money to invest in something else. Then pay off the bike in 6 months or a year.
In Spain 🇪🇸 legally the maximum cash in any sale is now €999.99... any figure over this amount must now be either card, bank transfer or other digital payment that can be monitored by the banks. This is done to stop dodgy politicians and drug dealers.. at least, that’s the reason they tell us.
My local dealership , Rattlesnake Mountain H-D, has sold me 2 biked, a used 2014 Breakout in 2016 for 15,600.00 cash and its great. Then 5 months later I bought a 2017 Road King priced at 24k for 17,300.00 cash. I love both bikes and will buy more. They make good deals for cash.
How do you tell when a bike dealer is telling lies?
His lips move.
I bought a used XL 250 many many years ago for $1200 and I think that turned out to be a necessity. I didn't have a car and I rode it to work for 2 summers when I was in school as well as many other places. Downside was it sucked when it was raining. Also it was a stretch to get it over 55 mph. Plus I sold it for much of my money back, although I wish i hadn't. Who wouldn't want an XL 250 in the garage? There is a much more modern and capable KLX 250 in the garage now, but I'd been ahead on money to just keep the XL.
"Luxury item" I daily my ninja in Michigan ope
2100 for my bike, plus 250 a year insurance. It's a utilitarian vehicle that is extremely shit to ride in winter time. In no way is it a luxury item
My Dealership tells me everything because I'm friend for the owner (sometimes). They tell me straight up, we can't give you top dollar for your bike but we can give you a cut off the new bike. I pay no freight or set up or that BS. But, you made several honest points. Much much appreciation on some of these topics and tips. Thank you.
Oh. It is like food. Who cares about debt when the economy is screwed.
Thank you for this when I was very young I worked at a car dealership for a short time selling cars. I was always astounded how people expected to get full retail price and then some for their piece of lump shit that they were trading in😂. I would have to bite my tongue and then wonder if they actually knew what it meant to work in retail? Yes we need to make a profit or our business closes. That isn’t “ripping you off”, that’s how business works.
I'm interested in hearing the story behind that goat.
Wow. You really left yourself open on that. I'm trying to be nicer on social media so I promise not to go there.... but I'm biting my tongue (ok, fingers) 🤭
@@mikeb8342 as they say. You will learn something new everyday. So as jake harper said and let me lose my innocence.XD
I definitely agree with you on the last point. Go ahead and take out a loan for the bike, but don't add on gear and accessories. When I got my first bike, I borrowed a helmet from a friend until I had the money to buy myself one. And a former boss of mine heard I was buying one, and stopped by with some of his old motorcycle jackets. He gave me one of the ones he doesn't wear anymore. That way I could save up enough to buy a good one that I like, instead of just rushing to buy the cheapest one on the rack. Motorcycle riders area great people 99% of the time. And they want to see more people out on the road on two wheels. You'll find a lot of people out there willing to help you out with gear so you can get on the road. Now I have a whole bunch of my own gear that I saved up for and bought over the years. And I've given out some of my old stuff to friends or co workers when they bought their first bikes. But those accessories and gear can end up screwing you over when you go to trade that bike in, and the dealer ends up telling you that the most they can offer is $1500 less than what you still own on the bike.
Kudos to you my friend for making sure you had gear even if it was second hand. A lot of people will just say screw it, I'll get gear down the road. Unless you live in a "helmet required" state
I am riding a 50 cc scooter to get to work, took my 650 Suzuki apart for full restoration and then my car engine blew. You do what you have to.
Number 2 is really true. I live in a small city in south of Western Australia and a few years ago we lost one of only a few dealerships in town and another dealership which has been in town for decades who has a great name around town is not in great shape. If it keeps going the way it is we will have 1 dealership left l which is a Harley Davidson/Yamaha shop.
Moral of the story: support your local guy before you go online
Today with the reliability of used cars, i.e Toyota Corollas I agree a bike is mostly a luxury. But when I started riding, Northern Va. late 1970's, a 5 year old car was junk but a couple year old bike was great and much cheaper to buy and operate. In my case I had a 1977 Yamaha RD400 in 1979 and rode every day to work and school. Sure snow/ice stopped me once or twice, but overall it was GREAT.
As stated in a lot of other comments so far, I think a motorcycle could easily be a daily driver, and something cheaper than a car/truck. I understand winters are a little rougher up where y'all are at, but down here it's riding season year-round. I do have obligations that require the use of a car at times, I have a small family that I can not transport on the back of my bike (safely). HOWEVER... Different circumstances, I would 100% be car free, and have a motorcycle for my only means of long-distance transportation, and utilize rental services on the rare cases where I need a multi-passenger vehicle. All that being said, I understand what you are trying to say. IF the bike is only going to serve the purpose of entertainment, and you don't have the money to afford it, then obviously your money needs to be prioritized to other things.
You do not have to pay freight fees and prep. I say that because the manufacturer has taken care of this. When a dealer orders a bike it's included from the manufacturer. All you need to pay is the price on the bike license registration and some taxes.
yes for some people a bike is their primary transportation but 90% of the time in the states it is a luxury item
Your absolutely correct on a luxury item. Once you’re financially stable and you want a new/used bike, than great. If you can’t afford it, be patient and wait until the time is right for you.
When you talk about them holding the price and setting a minimum that's so true. I bought my Yamaha as "used" from the dealership so they could get around this even though it hadn't ever been registered and was on 0 miles.
Hi, following y'all from Thailand.
This country runs on 100-155cc bikes.
2 mil made & sold domestically per year vs 1 mil cars/trucks.
Honda Wave 110i most popular from $1200 new, basic... kick start, drums,
to $1500 for mag-wheels, e-start, front disk.
Up to 150 mpg.
Yamaha 155cc Aerox auto-scooter real popular,
top model with ABS aboot $2400.
;-)
Meet a guy at my endorsement class who was talking about buying a groom. After the first class he pulls up to the second class in a brand new Yamaha sport bike. I congratulate him and ask how much was it it he says only $7000. I said that’s great for a brand new bike. Then he preceded to tell me how the dealership got him a extended warranty and all this extra protection for the new bike. I said damn how much did it come up to in the end? He said about $12,000. I was in shock so i said you do realize you could’ve almost bought 2 for that much. Then again this is the same guy who bought a bike halfway through his endorsement.
The $7000 was likely the price before taxes and fees. So, it's unlikely he could have gotten 2 for $12k. More like 1.5 bikes. Those fees should have only been around another grand or so, so, they basically added a $4,000 extended warranty. Even if they included all the maintenance for the next 5 years, it's still a lot.
yep, luxury item. my new (used) bike cost more than all 3 of my cars lol. i'm slowly getting used to the sticker shock. anything with harley on it costs twice as much!
Harleys are awesome! For a toy, they’re too expensive for me. I am perfectly happy with my Vulcan 1600 Classic.
Man wish it was 15 things dealer will never tell you ..come on spill the secrets..good video keep them coming..
Also, extended warranty. They always try to put that on and they won't tell you. Insurance is another factor. How much is it going to cost? On my Hayabusa I was paying around $80 a month and that was cheap. On my Vulcan S it's $13 a month.
Thank you for spelling out the truth to people! Businesses gotta make money people, I hate the dealer dance, let's just get down to brass tacks, you earn money I get a reasonable price. Thank you for mentioning fiscal responsibility, get your own financing, don't borrow beyond your means. Keep preaching through personal conduct, RESPECT
you are right about the import bikes, When I was in the market for motorcycle I talked to Honda and Suzuki and they would not budge on a price at all they would not even talk about it. I went to a Harley dealership and talked those guys out of a used fatboy 7 grand under what they wanted for it, but had to negotiate for about 6 hours before they settled. So if you are willing to sit there for 6 hours and stick to the plan, also I had maybe 8 or 9 coca colas while I was there and those were for "free" LOL. that was also 10 years ago things could have changed by now. still have the bike.
Love the honesty of your channel thx
Awesome list, #6 being absolutely most important!! Cheers for your integrity and quality content....ride safe!
Number 6 is a little discouraging but I’m sure a lot of people rely on their bike to get to A to B wether it’s to work or just to go out and enjoy the outdoors
Exactly... The dealerships make most of their money financing your bike/vehicle. The trick for the buyer is to get a loan from their bank or credit union and buy something cheaper than what their loan is. If you have a $15k loan, you want something that after taxes and everything else is under $15k, otherwise you are going to pay a separate finance charge and interest rate on top of your original bank loan.
I have to point out an exception to your trade-in values. Every other year Harley does a retail for retail sale. Usually in May. It is a great deal. They give you the used value of your bike. If you buy a new bike at retail. I've done it twice. And it is a great deal for me. This spring I will trade my FatboyS for a Streetglide. And it will cost me probably 5k after all is said and done. And I pay cash no interest in finance fees! I love SRK cycles and I love what you do man.