This is how you buy a motorcycle in a perfect world, what this video didn't mention is how the dealerships are going to try to screw you over with steep freight setup and documentation fees.
joetca freight is a real fee from the manufacturer. Setup is a real cost to the dealer as well, they are paying somebody to assemble it. Doc fees are pretty standard and the amounts are generally governed by the state.
Chris Philhower that's how business works. They pay you, they pay your taxes, they pay for the space for you to work, and if you were paid hourly they probably gave you both the tools and training.
Actually, Where I worked I supplied my own tools. Training? Used to work as an Auto Tech. And do most of the work on my own bike. My Training was mostly following Assembly Sheets. I was a "Torque Nazi" and used a Torque Wrench on all Critical fasteners. Handlebar mounts, Axles, Etc. Taxes? They took the Deductions for Income as most employers do.
My dealer is $3XX freight $3XX setup...I wouldn't ship it myself for that price or put it together for that price. They tell you up front on the price tag at every dealer I have been to in California. I just don't see where the screwing comes into play, nor do I see any steep fees.
Absolutely. If a dealer won't budge on price, try for some extras. I couldn't get penny one off my first bike, so I put it to the dealer like this: any discount you can give me on the bike, I'll spend here. Especially as a new rider, you need gear. You need to look at things that are relatively cheap for them but potentially expensive for you. I got a lock, gloves, boots, and the first service thrown in. Not huge for them, but it would have cost me close to 10% the price of the bike.
LOL, dealers will never give you anything for free, anything that they are going to give you for free would come right out of their pocket. This isn't a swap meet fellows.
@@markkulyas2418 it's not coming out of their pockets. If anything they're getting more money. More money meaning they're making a sale only worst case scenario $300 off msrp rather than no sale at all.
@@markkulyas2418 they really will, as a car salesman I personally saw my floor manager give away so much shit, free oil changes here and there, premium floor mats, paint correction marker, I’ve seen him drive it hours out of his way and fly back to make the sale. Sales managers at dealerships will do anything to make the sale
Pretty good advice.. I will say that dealers are not likely to negotiate much on any new bikes, even left-overs. What worked for me though was going through cycletrader and getting a leftover from a dealership a couple states over.. the bike was out the door $2k cheaper than any other dealer I talked to, so even with shipping I still saved at least a thousand dollars. You have to be patient but also ready to jump on a good deal if you see it.
You guys are creating really high quality, well-scripted, and story-boarded videos. I could easily see this programming on mainstream TV. Kudos to the video production team.
I remember going to a local dealership (the only one within 50 miles) and I asked the guy what the typical otd price on a Ninja 300 and 650 would be and he said the Ninja would be around 8500 and the 650 would be about 11000 I just left it and didn't look back.
I too was hit by a car. A little old lady ran over me, drug me down the road and finally stopped to see what was lodged under her car. Had a little surgery to sew me back up and spent a month or so on the couch. While recovering, I threw a blood clot so back to the hospital and spent a good 6 months on blood thinners with the possibility of never getting off of them. In the end, I recovered with no residual effects other than some nice scars. I never fully recovered mentally from the accident and now only ride sparingly on the road after being a dedicated roadie for 20 years. Billy has offered some really good advice and tips for returning to the road but I think one of most important tips is to be a smart cyclist. Using low traffic roads with wide shoulders is a safer option and riding at low traffic times such as early morning also makes for a safer ride. And as Billy pointed out, incorporating as many visual accessories as possible is a must. I can’t understand the idea of wearing black jerseys with black cycling shorts when there are fluorescent options. And I also think solo rides are are much more riskier than group rides. Good luck to those attempting a return to road but if you want a full proof car deterrent, buy a mountain bike. 😀
After I knew the bike I wanted, I called and emailed every dealer in the area to negotiate an OTD price. I buy my cars the same way. They don't want you to do that. They prefer you get ur butt in the dealership.. WRONG. They may say we "can't" do that but they could. I finally negotiated a great OTD deal on my MT07 via email. Works every time.
@@willstamps5641 2021 MT07 new otd was 8800. But now there's such a shortage of these bikes in the whole US that it may be harder to get a deal like that. Also depends on where u live. Good luck
This was a good video but there where a few details I would change. First if you can pay cash pay cash. If you don't have the cash save the money and then buy. If you don't have to get yourself into debt don't. This will also make your insurance cheaper and defiantly shop around. 2 find the best deal you can don't pay a penny more then you have too. You can get the service at any dealership you want. Buying a left over model is good advice also there are good used bikes out there as well. Thank you Revzilla for what you do love the videos.
Im buying my first motorcycle very soon and I have been looking for something like this for a while. Awesome breakdown of the process with a few great tips and tricks thrown in. I have seen videos from dealerships on how to buy from them, but it isn't the side of the equation I wanted to see. This answered so many questions. Cheers Revzilla. Mitch. Melbourne, Australia.
Thanks for putting together this series, guys! I bet the comments posted here will have even more "real world" knowledge in addition to the videos. Buying your first motorcycle can be a daunting experience, and if these videos help put more riders on the roads, I can't thank you enough.
BRAAAP the Casbah Agreed. Got my 2017 Tuono Factory for $200 over msrp out the door. I'm confident I could've got msrp OTD considering how quickly they accepted my offer. That's on a highly sought after Italian bike that had been in country for 2 weeks. Do your homework.
A lot of people will insist on buying used and paying cash, but there are some other things to consider. Sometimes new bikes come with extra warranties included, and sometimes they offer better financing terms on a new bike. Some bikes depreciate more than others, and it also depends on how long you want to own your bike for. How handy are you and do you want to do the work on your bike are important considerations. I bought a new Road King because it had the new engine, and the prices I was finding on the used ones weren't substantially less than a new one. For me it was worth the extra to have the piece of mind to know the history of the bike, and since I generally buy vehicles and hold on to them for a long time I'm not super worried about depreciation on it. Road Kings that are 10 years old are still fetching a decent price. The dealer ended up having a decent interest rate, and even though we could pay cash for it, we opted to finance it. One reason to finance it is for gap insurance. If you end up totaling a bike, and you pay cash for it, you're going to take a hit on depreciation, which is a risk you can offset if you finance it and have gap insurance. The cost of gap insurance was very low, and we can always drop it if we decide to pay it off.
walked the other day into dealership to talk about ninja 300. 4200 bucks list price ended up to be 5500 in a flash. 10 min later walked out of dealership. Got pre-owned ninja 250 for a fraction of that cost instead.
Hot tip, have a large deposit... it gets you a loan and a way better deal in the end. It also gives you less to pay off, and you will have a lower fortnightly/monthly payment.
You can get a really decent discount if you have a Costco membership. You go through them to find a participating dealer. It's how I'm planning to buy my next one.
In 2015 I got a 2013 Honda F6B, MSRP $19k, for $15k out the door! Left over still in crate, factory 3 year warranty, all fees included. 1) Find make, model & color you want 2) Do internet dealer search with 150 mile radius. 3) Check manufacturers website for rebates/ insensitives. Most rebates apply to leftovers. 4) Check dealer leftover inventory. Most dealers will have posted prices on leftovers. 5) Call dealers with best prices and ask what the OTD price is. 6) All factory warranty work can be done at a dealer of your choice. Bottom line, got $1,000 Honda accessories rebate, new bike financing, for $3k less than MSRP of any dealer in 150 mile radius.👍 the dealership is Honda of Croften Md.
Forgot to mention the dealership! Honda Powersport of Crofton Md. Great dealership, whole deal took less than an hour at the dealership. I live in the Phila. area, approx 90 miles from me, well worth the ride!
Pretty cool to see my local dealer on this channel. I get my bike inspected here and plan on buying my next bike here too. Funny enough they’re using a CB500F (my current bike) and I want to get a CB650R from these guys!
Picking up prior year leftovers is a great way to save money. I bought a 2014 DL100A in 2016 for a significant discount. Brand new bike, full warranty. Saved enough $ to put all the accessories I wanted on it afterwards.
I am so glad there are so many people that are willing to take it in the ass to by new cars and bikes and deal with the horrific depreciation of new vehicles.
Very balanced advice thanks. I can agree with most of what you mentioned. Good choice of bike too. Location of dealership is important too, especially if you are using their technicians. GAP insurance I thoroughly recommend. My T120 Black was totalled by some old boy in a hospital car park where I was working at the time. With GAP and my other insurance I was able to go right out and buy another T120 without taking a big hit. Where I live Bridge Motorcycles, Exeter, England, are just the sort of dealership you are taking about, offering great customer service. Polite, friendly and informative. The technicians and service personnel I literally trust with my life.
By OTD do you mean taxes, registration, fees included? I'm paying cash BTW for a DRZ400SM. Do dealers prefer cash or financing? I've saved up about 4K and the MSRP is about $7,300. I heard some people on UA-cam said, they got it for as low as $6,500.
Do not add any gear to the loan or you will be underwater on the loan before you even leave the shop. Example: You add jacket, helmet and gloves. A year or two later you decide you want another bike. You'll be paying for the app area land depreciation out of pocket. Also, I recently walked into a shop and wrote a check for the full amount. I have to wait 14 days to get the bike. Even though the funds have left my checking account and Iron Pony has deposited the check.
Financing a depreciating object is unwise on two accounts. You're paying an inflated price for an object that is quickly losing value. Buy used, in cash.
After seeing others (including myself) deal with car problems all the time, I don't think I could ever trust a used vehicle ever again. Sure, I'll buy a used car, but as anyone will tell you, be prepared to fix it. I'd rather buy new than deal with other people's problems ever again.
What about those crazy riders who ignore the breakin and ride full out while the bike is still new? Wouldn't that significantly shorten the useable lifespan of the bike?
Can you name of a SINGLE case of a motorcycle (or any vehicle for that matter) having it's engine life adversely affected by improper break-in? Expanding a bit, how often do you hear about ANY modern motorcycle having engine failures? Most people aren't riding bikes past 100,000 miles when some of these things may become more apparent.
I don't think I've heard of any improper break-in related faults, but my 2014 BMW G 650 GS Sertao has been recalled twice due to a problem with the ecu where it stalls with the clutch fully in
Spoken like a true salesman. It is always about the price and what you can afford. Avoid full coverage/financing on a vehicle you ride part time. I bought my latest Harley in Long Island and rode it back home to Florida during this pandemic. $3500 saved.
Couldn't have been made at a better time. Thank you for the post Revzilla! I bought all of my gear from you guys and will now be purchasing a bike with this guidance in mind. Thanks for supporting new riders!
Tips Become a Costco member. Go to Costco power sport website enter bike you want. Someone will call you in a day or two. Get prices from them as a basis point. Call every dealer in your area tell them you are going to buy bike x and looking for the out the door price including everything. Don’t get hung up on fees. The only thing you are worried about is the out the door price. Once you find 2 dealers who are close call them both and tell them so and so dealer has this bike at x price if you can beat it I’m on my way to buy it. Once you have the price you can live with call them and say I’m on the way to the bank to get a cashiers check and I need to know the exact price. This prevents games when you get there. Leave the emotion at the door and pay cash
After you know what bike you want first step is to check out cycle trader to look for out the door prices in your area. take this info with you to the dealer and try to get that price. also make sure that the second go you go talk too understands you negotiated an out the door price and will not accept any additional charges other then taxes.
I have been riding, buying, and selling motorcycles since 1970. Finance your loan through a local Credit Union. You are going to get the best deal on financing there. Shop around online with pricing and MSRP pricing and know exactly what you're looking to buy. Don't let them sell you anything you don't want. Also, bring someone objective with you that has no skin in the game so you don't make an impulse buy. Sales people hate that, but it's your money, and your decision is the final one. Be prepared to walk away.
Sure finance your pipes and grips, so you pay interest on them for the duration of the loan. Great financial advise Revzilla, if you are financing the bike don't finance add on parts as well. Save your pennies buy accessories cash, so you are not paying interest on them. How much money did the dealer pay you to give that great financial advise.
You do realize that RevZilla sells said parts, yet they still tell you to finance/buy them from the dealer. They are not stupid nor are they paid by the dealer to shoot themselves in the foot. If you are worried about another 10% tacked onto your final debt, you probably shouldn't be financing an entire bike. Financed parts are a drop in the bucket.
That's the most easy going, non aggressive sales guy in the world. Usually can't get them to leave me alone while I look over the models. This guy only did what he was asked to do lol
Not discussing dealer Fees was a big miss, probably the most important part of the negotiation. 1.Sales tax is state law 2.Doc fee is state law 3.Destination fee is not law but is typically standard per manufacturer 4.Assembly fee is not law but is sometimes included which covers small things such as unboxing/securing mirrors/license plate/connecting battery etc. I've been charged only #1 and #2 on brand new bike before, but on the other hand i've also had a quote for $2,500 over MSRP on a $5k bike. Know the rules and ask more questions than you should, if someones gets mad or impatient with your questions, that's a warning sign.
that is what i was thinking lol like imagine telling the dealership that your bank gave you a loan for 8000 dollars at 3.99 apr...at that point they know you are paying cash and have all the power to negotiate.....
Sorry in advanced if my english is bad, So I put a deposit for a z650 two days ago, the guy said that all the preparation is free. When he send me the contract, I saw a 1000$ fee for the preparation. I called the dealer and I said that I wanted my money back. I told him that other dealers where I live are charging between 200-300$ for the prep and he seem very anxious about losing the sell so he gave me a 700$ discount ! Never hesited when you feel like the seller is ripping you off, its your money !
This is an excellent video! Complete and thorough, it's just what a new motorcyclist needs before they actually go through the process! Thank you so much! I'm looking forward to the other vids!
I like some of the insurance comments. I agree, you gotta shop around. I just purchased a new 2019 goldwing. I priced insurance through progressive... $6800 for 12 month premium... priced it through Geico $974 for 12 months. Better coverage too through Geico!
Something on this that really ought to be bolded, underlined, italicized, and 80-point font: REMEMBER DEALER FEES! Dealer fees, prep, unboxing, etc all cost good money on new bikes. For example, I was really set on a Versys-X 300, which was about $5,600 with ABS. After unboxing and dealer fees, the price was OVER $8,000! Because of that price, I got "screwed" into my 2012 DL650 (which is a better bike imo). Ended up being a positive for me, but that's just something you have to keep in mind.
cerg you can get them to waive all those bullshit fees if you stand hard and fast. Get financed at a bank. Credit unions are usually the best rates. If you go to a dealer pre approved via your bank you are in a strong negotiating position. When I bout my 2014 zx14R they wanted 15000 for it plus dealer fees. I talked to dealers literally country wide. Got the 2 lowest prices faxed to me with all quotes and letterhead. Told them I wanted 12,200 our the door. Settled for 12,500 out the door. Paid by bank check and rode it home same day. You have to do your research and legwork and you can beat the bastards.
+Larry Gray That's what I'm planning to do. Do deals prefer cash over financing? I want to get a DRZ400SM and it's MSRP is about $7,300. Is it possible to just hand over the cash and ride it home (I actually want it to be delivered).
Opposite Lock I'm not certain whether dealers prefer cash over finance but I tend to think there would be more incentive for the dealer if you go with their financing. You should be in a better position to negotiate with cash, or your own credit union financing. When you have cash or your own financing they will understand that you can walk to the next dealership if they don't reel you in with a great deal! Stick to your guns, don't buy on emotion (there will always be another bike available that's you will like even more), be patient in the process and think carefully. You will be fine.
Great video, Glad you chose to highlight Martin Moto! In 38 years of riding, and living in 3 different states, Martin is the best dealer around. How can you not love a dealership that offers you free water, coffee and ice cream! Their demo days are always a good time.
good luck trying to upgrade bikes in the future. Sure pay cash for a 300 but once you upgrade to a 600 or 1000 thats 6-8 grand. Financing is great for first time buyers because usually your first bike is one of the least expensive on the floor so you aren't locked in and you dont have to save up for a year to be able to buy it.
the dealer at my area kinda have a bad rep, but they are the only one who have the bike that I want, so I'm just gonna pay for the bike and ride it home.
Rigo Gtz lol why are you even thinking of buying a motorcycle? You gotta know how to walk before you run. Getting a license and insurance is the obvious pre steps of buying a motorcycle,otherwise your bike will be gone by the police and you will be facing some serious charges by the law 😂
psn zsus if the time is right there is no problem with buying a bike before your license. And as to walking before you run? How do you know he isn’t an experienced off road driver?
I’m deciding on my next: Kawasaki Ninja 400 or Z400. Have good credit,down payment and buy insurance. Have your sales inspect the bike and that’s pretty much it.
Why not? Good gear costs a lot. And a good gear, assuming you're lucky enough, could serve through a couple of bikes. Do you prefer to buy cheapest Chinese gear or funding it? In the country I from usual gear sold for cash or credit card, and the bike funding via bank, because no bank will fund gear.
@@Areso2012 because now you're paying 20% interest on your gear that you've outgrown, crashed on, and replace throughout the ownership of the motorcycle.
This is good advice, but probably not for the reason you state. Financing warranties and extras just means a bigger chunk of gap insurance that costs you more as well. The value of your bike will never match the payoff until it is near being completely paid off. Future trade-ins if you still owe will hurt.
Great video. All good points except financing the gear. Thats not a wise financial move. You'll end up paying way more for the gear in the end than if you just bought it out right. If you can't afford the gear wait a few months and save your coins till you can. Or buy the jacket and gloves second hand. As far as the helmet goes I'd buy that new. There's no way to know what stress a helmet was exposed to by a previous owner.
Assuming you already have a motorcycle and want to buy an additional one, it's easy. I've had two bikes and found a special one that I had to have, the exact color, wheels, windshield and it was not available at the local dealer and wouldn't be available for months. I wanted the bike now, so on the web I found it at a dealership 375 miles away. I called them, and told them that I want to buy it, I'd fly up there in a week since I had a cold. They said fine, all we need is $500 and we'll hold it for you. I made a debit card payment, I booked a flight and a motel room and week later I was up there on Friday by 11:00 am with my boots, jacket and chaps in a backpack and my helmet. They picked me up at the airport, I made a down payment of $4K and financed the rest, about $9K at 5%. I signed the papers, they prepped the bike and after a night at a motel, next morning I was on the bike home. The bike was a BMW R nine T Pure, black and white, with aluminum wheels and a nice windshield installed. The dealer was San Jose BMW and I took the scenic route 101 down to LA. After a stop at Paso Robles for the night I got home by 4 pm next day. It was the end of last November, beautiful weather in the 60s and 70s. It was the ride of my life!
a new r3 through Geico for standard coverage was about 2700 a year for anyone with one accident and less than 3 Years with their license under 25 but I looked at progressive for full coverage was about 1700 about 900 for standard but that's in my state
@xavi97 : A Ninja 1000 ABS was $10/month less than a ZX-14R for the same policy... A ZX-10R was $7/month more than a ZX-14R for the same policy. So, not much more expensive at all. :)
My marketing teacher knew all about dealerships and taught the glass how to get under their skin. After all this researching I see that dealers charge a destination or freight fee for delivery because it’s a cost the manufacturer charges them. It’s also listed on the manufacturer website, however, how much do the dealers actually pay compared to the destination fee charged is a different question. Then there’s prep fee for “preparing the bike”. I understand the freight fee by law must be charged to every customer, but have also heard that some buyers are able to get it removed. The next fee is document fees for processing your documents. Because there are so many variables that these dealers “are required” to charge you, it makes it easier for them to keep up charging the buyer. I think it’s good to go in understanding these fees and how these fees are calculated. For example, what’s a reasonable price for documenting fees or prep fees? Are they paying a mechanic to prep your bike or an engineer so that they can claim the fee more expensive? To conclude, I think that you should go into a dealership without an aggressive personality yet be firm with your negotiations. I would argue to just disregard all the carrying fees and to just negotiate for an OTD price. Have the dealer allocate dealer fees from the OTD price.
Yes you do, im 22 been riding a bike for a while now without anything on my record. I wanted to pick up an FJ09 most companies wanted 4-5k a year for full coverage. Best i found was $1200 a year.....
Wow this would have been stupidly useful for me 4 months ago. I'm 17 and live in the U.K. So finance isn't a thing for me yet and I'm a new rider. Luckily I found a smaller dealership who I completely trust and turns out they work on my friends larger Kawasaki and are able to get good deals for their customers. Now with them I get my brand new bike next week. Definitely all great tips. New riders need to listen to this especially.
Accessories are a great way to save when buying from a dealer. Instead of accepting the $200 off their asking price I asked for $300 in accessories. Probably no greater cost to the dealer but a greater savings to me.
This video is freaking great and posts at a good time for me. I am a new rider and I am 98% sure I'll be riding on two wheel motoring within 30 - 45 days. Some of the things you talked about won't apply to me, sadly, as I now live in Canada and not the US and things are a bit different up here. Well, in some ways the same, but different. I do have a small refundable down payment on a G310R, but I'm also looking at a Triumph Street Cup as a consideration beginner bike. I cannot test ride because I don't have a full motorcycle license yet, but I am legal to ride until such time I take a road test to get my full license. And I can, right now, buy any bike I want and ride out of the dealership on it. I'll be paying cash; I'm no spring rooster and I've purchased cars and a home, electronic equipment, I have credit cards, etc. So I have credit. And yes, good credit. :) I've visited my local BMW dealership on many occasions and my local Triumph dealership too ...I was even back there today just looking again. Both dealerships know the deal with me and I have not been pressured. I agree 100% that is it a great idea to just visit and chat with the men and women who work there. If they have the time, they love talking about motorcycles and will give you their honest opinion once they hear what you are looking for, your concerns, etc. Hell, I'm even considering just getting a 330cc scooter just to get my street savvy and get a motorcycle a year from now. And the scooter dealership, Piaggio, has been great too. Anyway, time will tell. But again, this is a great video with lots of good advice. Good job Spurg! Good job indeed. :)
I agree with most of the people here. Don’t finance. Pay cash if possible. Also most experienced riders here on UA-cam never advise you to pay new due to depreciation
I found a great dealership here in Tulsa where I live! They’ve been in business like 40 years and they are full service! Of course they only sell one brand of motorcycle, Harley Davidson, but that’s what I was looking for so it worked out fine!
This is really helpful for the first-time buyer. It raises a lot of considerations and options in the buying process I'd not have thought of otherwise.
I also look at what they charge you in fees. There's a good dealership on the Mississippi Gulf Coast, the guys are great to work with on anything, and they charge a flat rate of $90. Doesn't matter what you buy, no dealer fees with shipping and prep fees. Just 1 flat rate.
What about if you want to buy it cash? Can we say the bike price is $8,999 and we over the dealer $8,000 out of the door cash ? Please give me some info how to buy a bike cash what do's and don't? Thanks
Don't let them know you want to pay cash until you have agreed on a price. Then if they can't get the price you want try to tell them you can pay cash right now if they can meet your price. A good tip that has worked for me is to pick a floor model and then try to get the assembly fee knocked off. They needed to assemble it for them to display and not for you to ride.
i pay 1800 a year for a 2016 zx6r. at first they wanted 2400$ but i got it down by having 1000$ deductibles and minimum coverage. My 2015 ninja 650 was only 75$ a month to insure
Same deal. I dont bother with full coverage as old as my VTX is but insurance is cheap. When I bought my first new bike new to the Navy my Kawasaki EX500 cost $130 a month and the insurance was nearly $100 a month. After a couple of years my Mom made me a loan and I paid off the allotment at the $230 rate and paid it off FAST. I have never bought a brand new bike since. Ive ridden now for 35 years now. Everything from a 61 Triumph to BSA's, Hondas, Kawasaki, HD, Suzuki, Yamaha. With so many good used bikes with low milage why buy new?
This is a very helpful video, I priced insurance for the bike I would like to buy and insurance will cost an additional 70 a month. Even though I knew my insurance would go up with a newer bike I hadn't calculated this into my budget. Thank you for this video and I appreciate all you do.
My local Yamaha dealership sold me a new bike then when I went in a year later to upgrade they laughed and said my bike has no value. 😑 I give my local dealership a 2 out of 10 stars. I hate them and ride an hour out of town for better dealer.
So... you hate them for not knowing what the depreciation would be on your bike????? Sounds more like you are an ignorant Karen that goes into everything blind and dumb. Sorry if that hurts your ego, but that is what your comment screams to me. Also, I have NEVER heard of a brand new bike losing ALL trade-in value in TWO years, unless: It no longer has a clean title (or a documented wreck in its vehicle history), It has EXTREMELY high miles, It has been modified in structural ways (or cheap/tacky mods that don't add to resale appeal) It is in less than "fair" trade condition (bad tires, rust, dents and scratches, runs poorly, etc.) MAYBE there is more to your experience, but that is also your problem/mistake for posting such a vague, whiny comment to a bunch of strangers on social media. 🤷♂️
@@USMCCombatVet4TastyCrayons I posted it cause my thoughts and honesty. You post cause you insecure, Think you know it all and all the ladies call you Tic Tac. I would kick your ass in a street fight and you sure quick to show the world you just a keyboard warrior. You pry don't even ride or your daddy co-signed.
As a licensed insurance broker and 35 years in that business, you nailed it! You have my endorsement and recognition of your knowledge and acumen! Well done guys!
I have no idea if any of the processes would be the same in the UK but I feel this is giving me a guide into motorcycling as I've been thinking of getting one
Guys, That dealer... OMG; In Argentina they just sell the bike and know almost anything about it, we pay for example 30k dollars for a ducati monster 1200. And the en insurance is just for third parties cover only, becouse of the robberies
Geico has been great to me for insurance, both auto and motorcycle. Very inexpensive and they took care of me when someone rear ended my truck and when I hit a car's mirror on my motorcycle, very good customer service...
Hey guys I don't know why but not all of your videos show up for me. I have the notifications turned on and have since that became a thing but I don't get notified when a new goes up from you guys. The last video I was notified about or had in my sub box was the one about Modular motorcycle helmets from a week ago.
The dealer fee $1200 - $1500 Docking / freight / prep fees $300 - $700 Sales tax - usually around 7% depending on the state A $7000 sticker on a bike will usually yield a grand total close to $9500. Dealers pack profit into everything. Most fees are arbitrarily created depending the perceived vulnerability of the customer. Even a set in stone rate is only made to create the perception of “that’s what everybody gets.”Look for “no fees” deals, which are rare, to save the most money. Most dealerships are filled with sales people that are entirely lacking in knowledge. The more passionate, and knowledgeable employees will always be the mechanics.
I would LOVE it if my local Harley dealer had a salesman like that guy. I walked in today and spent an hour looking around, ready to pay in cash for a heritage….couldn’t get a single sales person to talk to me so I walked out. There was one other guy looking at bikes, so they weren’t busy. Nine employees, completely preoccupied with themselves. Going to check out Honda tomorrow. Sorry Harley.
Worst advice ever. Don't waste your time in a fucking stealership getting jerked around by some douche. Do all your research online, watch videos and browse through some motorcycle forums to get your information. Once you have narrowed it down to which bikes you're interested in, schedule some test rides. Once you have locked in the bike you want, CALL all the dealerships within a 50-100 mile radius and make an offer till you find a dealer that will give you the best "OUT THE DOOR" price. Then go to the stealership with cash in hand, inspect and start the bike, ensure all fluids are topped off, get the clean title in hand, load the motorcycle onto a pick up , van, or trailer, you can also purchase the bike and come back and get it. If the dealer starts pulling some shit on you, walk right the fuck out while fanning yourself with the cash you brought. When you get home you can shop around for insurance and take care of your plates and registration. It's 2017, use the internet and phone, you can scour several states worth of dealerships within a few hours right from your home.... The idea is to spend the LEAST amount of time possible inside the stealership. If you plan on financing, try to hash out the details over the phone.... or show up to the dealer with a few friends, never go alone.... Also, don't be scared to say "no" and "I'll think about it" and go home and sleep on it for a few days.... Never be rushed into agreeing to something, be patient....
I’ve bought 3 different bikes from the same dealership. That dealership is 3 and a half hours from me, but they make the best deals. Look at dealerships a few hours away and just consider it as bonding time with your new baby.
It depends where you live and how old you are. I pay a pittance but have been riding 35 years. Even in my late 20s in CA Liability was 200-300 a year. In NYC I used to pay $700 for liability alone in the 80s on an olf Triumph as all vehicle insurance is a rip off. The drivers suck and you are taking your life in your hands there.
damn son, that beard is really coming along...
I've been oiling it with WD-40.
You should be using wax based chain lube.
Key & Peele should have said "Pu**y on the beard wax!"... but chain wax is pretty cool, too :)
Mister Dick xt6sttghjn..
Arab beard. Anyways, the idea is to feel what it's like to go down to develop proper phobia limits.
I just saved a bunch of money on my motorcycle insurance, by outrunning the police.
Lol good one
Best comment ever
Dont make me tell mr layhe ? Layhe... you know who I'm talking about
Unfortunately, Jiggy took a big hit on his bail increase after posting this comment.
That is one of the BEST comments I have heard and I am an Expert on comments. My hat is off to you sir. RH DSD
This is how you buy a motorcycle in a perfect world, what this video didn't mention is how the dealerships are going to try to screw you over with steep freight setup and documentation fees.
joetca freight is a real fee from the manufacturer. Setup is a real cost to the dealer as well, they are paying somebody to assemble it. Doc fees are pretty standard and the amounts are generally governed by the state.
I Assembled bikes for a short time. Was not getting anywhere near what the Set-up Fee charged. As I was paid Hourly.
Chris Philhower that's how business works. They pay you, they pay your taxes, they pay for the space for you to work, and if you were paid hourly they probably gave you both the tools and training.
Actually, Where I worked I supplied my own tools. Training? Used to work as an Auto Tech. And do most of the work on my own bike. My Training was mostly following Assembly Sheets. I was a "Torque Nazi" and used a Torque Wrench on all Critical fasteners. Handlebar mounts, Axles, Etc. Taxes? They took the Deductions for Income as most employers do.
My dealer is $3XX freight $3XX setup...I wouldn't ship it myself for that price or put it together for that price. They tell you up front on the price tag at every dealer I have been to in California. I just don't see where the screwing comes into play, nor do I see any steep fees.
Always ask them to throw in gear. They’ll almost always say yes if it’s reasonable.
Absolutely. If a dealer won't budge on price, try for some extras. I couldn't get penny one off my first bike, so I put it to the dealer like this: any discount you can give me on the bike, I'll spend here. Especially as a new rider, you need gear. You need to look at things that are relatively cheap for them but potentially expensive for you. I got a lock, gloves, boots, and the first service thrown in. Not huge for them, but it would have cost me close to 10% the price of the bike.
Steve Smith good to know definitely gonna try it
LOL, dealers will never give you anything for free, anything that they are going to give you for free would come right out of their pocket. This isn't a swap meet fellows.
@@markkulyas2418 it's not coming out of their pockets. If anything they're getting more money. More money meaning they're making a sale only worst case scenario $300 off msrp rather than no sale at all.
@@markkulyas2418 they really will, as a car salesman I personally saw my floor manager give away so much shit, free oil changes here and there, premium floor mats, paint correction marker, I’ve seen him drive it hours out of his way and fly back to make the sale. Sales managers at dealerships will do anything to make the sale
Pretty good advice.. I will say that dealers are not likely to negotiate much on any new bikes, even left-overs. What worked for me though was going through cycletrader and getting a leftover from a dealership a couple states over.. the bike was out the door $2k cheaper than any other dealer I talked to, so even with shipping I still saved at least a thousand dollars. You have to be patient but also ready to jump on a good deal if you see it.
You guys are creating really high quality, well-scripted, and story-boarded videos. I could easily see this programming on mainstream TV. Kudos to the video production team.
Darren Brown absolutely agree with this comment ! Amazingly done content
UA-cam is mainstream TV dude.
I remember going to a local dealership (the only one within 50 miles) and I asked the guy what the typical otd price on a Ninja 300 and 650 would be and he said the Ninja would be around 8500 and the 650 would be about 11000 I just left it and didn't look back.
Bruh the price of a 2020 650 is like on 8k
@@Daddy-Saxon bruh out the door
Wtf 😂. Is this the US?
These are great videos! I have over 30 years of experience, 15 of which was as a motor officer. You guys do a great job with these videos.
I too was hit by a car. A little old lady ran over me, drug me down the road and finally stopped to see what was lodged under her car. Had a little surgery to sew me back up and spent a month or so on the couch. While recovering, I threw a blood clot so back to the hospital and spent a good 6 months on blood thinners with the possibility of never getting off of them. In the end, I recovered with no residual effects other than some nice scars. I never fully recovered mentally from the accident and now only ride sparingly on the road after being a dedicated roadie for 20 years. Billy has offered some really good advice and tips for returning to the road but I think one of most important tips is to be a smart cyclist. Using low traffic roads with wide shoulders is a safer option and riding at low traffic times such as early morning also makes for a safer ride. And as Billy pointed out, incorporating as many visual accessories as possible is a must. I can’t understand the idea of wearing black jerseys with black cycling shorts when there are fluorescent options. And I also think solo rides are are much more riskier than group rides. Good luck to those attempting a return to road but if you want a full proof car deterrent, buy a mountain bike. 😀
After I knew the bike I wanted, I called and emailed every dealer in the area to negotiate an OTD price. I buy my cars the same way. They don't want you to do that. They prefer you get ur butt in the dealership.. WRONG. They may say we "can't" do that but they could. I finally negotiated a great OTD deal on my MT07 via email. Works every time.
may i ask what you paid otd? i’m looking for the same thing
@@willstamps5641 2021 MT07 new otd was 8800. But now there's such a shortage of these bikes in the whole US that it may be harder to get a deal like that. Also depends on where u live. Good luck
This was a good video but there where a few details I would change. First if you can pay cash pay cash. If you don't have the cash save the money and then buy. If you don't have to get yourself into debt don't. This will also make your insurance cheaper and defiantly shop around. 2 find the best deal you can don't pay a penny more then you have too. You can get the service at any dealership you want. Buying a left over model is good advice also there are good used bikes out there as well. Thank you Revzilla for what you do love the videos.
Im buying my first motorcycle very soon and I have been looking for something like this for a while. Awesome breakdown of the process with a few great tips and tricks thrown in. I have seen videos from dealerships on how to buy from them, but it isn't the side of the equation I wanted to see. This answered so many questions. Cheers Revzilla.
Mitch. Melbourne, Australia.
Did you end up buying your bike?.
Thanks for putting together this series, guys! I bet the comments posted here will have even more "real world" knowledge in addition to the videos.
Buying your first motorcycle can be a daunting experience, and if these videos help put more riders on the roads, I can't thank you enough.
OTD price should always be MSRP or close to it. If they can't do that, you're in the wrong dealership...
The Honda Harley and KTM dealerships near me wouldn't ever sell their bikes for MSRP, not even to their own employees.
joetca where do you live? I got both my wr250r and my dad's cb500x for MSRP OTD at two different dealers in Southern California...
Orange County.
BRAAAP the Casbah wow where? I paid over 1000 more than msrp
BRAAAP the Casbah Agreed. Got my 2017 Tuono Factory for $200 over msrp out the door. I'm confident I could've got msrp OTD considering how quickly they accepted my offer. That's on a highly sought after Italian bike that had been in country for 2 weeks. Do your homework.
A lot of people will insist on buying used and paying cash, but there are some other things to consider. Sometimes new bikes come with extra warranties included, and sometimes they offer better financing terms on a new bike. Some bikes depreciate more than others, and it also depends on how long you want to own your bike for. How handy are you and do you want to do the work on your bike are important considerations.
I bought a new Road King because it had the new engine, and the prices I was finding on the used ones weren't substantially less than a new one. For me it was worth the extra to have the piece of mind to know the history of the bike, and since I generally buy vehicles and hold on to them for a long time I'm not super worried about depreciation on it. Road Kings that are 10 years old are still fetching a decent price.
The dealer ended up having a decent interest rate, and even though we could pay cash for it, we opted to finance it. One reason to finance it is for gap insurance. If you end up totaling a bike, and you pay cash for it, you're going to take a hit on depreciation, which is a risk you can offset if you finance it and have gap insurance. The cost of gap insurance was very low, and we can always drop it if we decide to pay it off.
walked the other day into dealership to talk about ninja 300. 4200 bucks list price ended up to be 5500 in a flash. 10 min later walked out of dealership. Got pre-owned ninja 250 for a fraction of that cost instead.
Guess you've got some more cash to drop on gear then? Sorry, I had to. Congrats on the new bike! -TeamZilla Chris
RevZilla yh! will be getting new helmet and will keep on saving so I can upgrade for the next season :)
When I call revilla and try to negotiate a price, revzillz does not budge. So I walk away.
Hot tip, have a large deposit... it gets you a loan and a way better deal in the end. It also gives you less to pay off, and you will have a lower fortnightly/monthly payment.
Eddie G. $2
@@eddieg849 2,000
I always put down 30% and keep at least 6 months of payments as a safety for rainy days. Never had any problems
I haven't ridden since 92 with a 1987 -750 ninja. Bought a Versys x300 w/o seeing or sitting it and I love it. And at 5'8" I easily reach the ground.
I love revzilla but this advice is great way to get screwed on the price.
its a fucking advertisement for that dealership nothing else. They jus fishing with that video
This fucking sellout. Lol
You can get a really decent discount if you have a Costco membership. You go through them to find a participating dealer. It's how I'm planning to buy my next one.
In 2015 I got a 2013 Honda F6B, MSRP $19k, for $15k out the door! Left over still in crate, factory 3 year warranty, all fees included.
1) Find make, model & color you want
2) Do internet dealer search with 150 mile radius.
3) Check manufacturers website for rebates/ insensitives. Most rebates apply to leftovers.
4) Check dealer leftover inventory. Most dealers will have posted prices on leftovers.
5) Call dealers with best prices and ask what the OTD price is.
6) All factory warranty work can be done at a dealer of your choice.
Bottom line, got $1,000 Honda accessories rebate, new bike financing, for $3k less than MSRP of any dealer in 150 mile radius.👍
the dealership is Honda of Croften Md.
Forgot to mention the dealership! Honda Powersport of Crofton Md. Great dealership, whole deal took less than an hour at the dealership. I live in the Phila. area, approx 90 miles from me, well worth the ride!
Pretty cool to see my local dealer on this channel. I get my bike inspected here and plan on buying my next bike here too. Funny enough they’re using a CB500F (my current bike) and I want to get a CB650R from these guys!
Picking up prior year leftovers is a great way to save money. I bought a 2014 DL100A in 2016 for a significant discount. Brand new bike, full warranty. Saved enough $ to put all the accessories I wanted on it afterwards.
Definitely some good information in here for any rider looking to buy new. Thank you for consistently delivering great content.
I am so glad there are so many people that are willing to take it in the ass to by new cars and bikes and deal with the horrific depreciation of new vehicles.
Been thinking about buying my first bike soon. This video helps alot. Thank you
Very balanced advice thanks. I can agree with most of what you mentioned. Good choice of bike too. Location of dealership is important too, especially if you are using their technicians. GAP insurance I thoroughly recommend. My T120 Black was totalled by some old boy in a hospital car park where I was working at the time. With GAP and my other insurance I was able to go right out and buy another T120 without taking a big hit. Where I live Bridge Motorcycles, Exeter, England, are just the sort of dealership you are taking about, offering great customer service. Polite, friendly and informative. The technicians and service personnel I literally trust with my life.
Nice video. Only negotiate with the out the door price. Assuming every dealer plays games with the sticker price and the OTD price.
By OTD do you mean taxes, registration, fees included? I'm paying cash BTW for a DRZ400SM. Do dealers prefer cash or financing? I've saved up about 4K and the MSRP is about $7,300. I heard some people on UA-cam said, they got it for as low as $6,500.
Opposite Lock never tell a dealership youre paying cash until its time to pay.
Do not add any gear to the loan or you will be underwater on the loan before you even leave the shop. Example: You add jacket, helmet and gloves. A year or two later you decide you want another bike. You'll be paying for the app area land depreciation out of pocket. Also, I recently walked into a shop and wrote a check for the full amount. I have to wait 14 days to get the bike. Even though the funds have left my checking account and Iron Pony has deposited the check.
Financing a depreciating object is unwise on two accounts. You're paying an inflated price for an object that is quickly losing value.
Buy used, in cash.
After seeing others (including myself) deal with car problems all the time, I don't think I could ever trust a used vehicle ever again.
Sure, I'll buy a used car, but as anyone will tell you, be prepared to fix it. I'd rather buy new than deal with other people's problems ever again.
What about those crazy riders who ignore the breakin and ride full out while the bike is still new? Wouldn't that significantly shorten the useable lifespan of the bike?
Hard break-in's are better
Can you name of a SINGLE case of a motorcycle (or any vehicle for that matter) having it's engine life adversely affected by improper break-in? Expanding a bit, how often do you hear about ANY modern motorcycle having engine failures?
Most people aren't riding bikes past 100,000 miles when some of these things may become more apparent.
I don't think I've heard of any improper break-in related faults, but my 2014 BMW G 650 GS Sertao has been recalled twice due to a problem with the ecu where it stalls with the clutch fully in
Spoken like a true salesman. It is always about the price and what you can afford. Avoid full coverage/financing on a vehicle you ride part time. I bought my latest Harley in Long Island and rode it back home to Florida during this pandemic. $3500 saved.
Couldn't have been made at a better time. Thank you for the post Revzilla! I bought all of my gear from you guys and will now be purchasing a bike with this guidance in mind. Thanks for supporting new riders!
Tips
Become a Costco member. Go to Costco power sport website enter bike you want. Someone will call you in a day or two. Get prices from them as a basis point.
Call every dealer in your area tell them you are going to buy bike x and looking for the out the door price including everything. Don’t get hung up on fees. The only thing you are worried about is the out the door price. Once you find 2 dealers who are close call them both and tell them so and so dealer has this bike at x price if you can beat it I’m on my way to buy it.
Once you have the price you can live with call them and say I’m on the way to the bank to get a cashiers check and I need to know the exact price. This prevents games when you get there.
Leave the emotion at the door and pay cash
After you know what bike you want first step is to check out cycle trader to look for out the door prices in your area. take this info with you to the dealer and try to get that price. also make sure that the second go you go talk too understands you negotiated an out the door price and will not accept any additional charges other then taxes.
I have been riding, buying, and selling motorcycles since 1970. Finance your loan through a local Credit Union. You are going to get the best deal on financing there. Shop around online with pricing and MSRP pricing and know exactly what you're looking to buy. Don't let them sell you anything you don't want. Also, bring someone objective with you that has no skin in the game so you don't make an impulse buy. Sales people hate that, but it's your money, and your decision is the final one. Be prepared to walk away.
Sure finance your pipes and grips, so you pay interest on them for the duration of the loan. Great financial advise Revzilla, if you are financing the bike don't finance add on parts as well. Save your pennies buy accessories cash, so you are not paying interest on them. How much money did the dealer pay you to give that great financial advise.
Agreed. Even better, pay cash for the bike. In this country motorcycles are toys and the golden rule is you NEVER finance toys.
You do realize that RevZilla sells said parts, yet they still tell you to finance/buy them from the dealer. They are not stupid nor are they paid by the dealer to shoot themselves in the foot. If you are worried about another 10% tacked onto your final debt, you probably shouldn't be financing an entire bike. Financed parts are a drop in the bucket.
you know alot of people can get ZERO interest financing JUST SAYING
Yeah i was kind of thinking the same thing. I just buy accessories and gear cash and see if insurance will cover it. If not then oh well lol
2hotFL would you recommend going to a bank? Or are you suggesting that everyone has 13k laying around to dump on a new bike?
That's the most easy going, non aggressive sales guy in the world. Usually can't get them to leave me alone while I look over the models. This guy only did what he was asked to do lol
Very well made and concise on what buyers need to know. No BS! Subscribed.
Not discussing dealer Fees was a big miss, probably the most important part of the negotiation.
1.Sales tax is state law
2.Doc fee is state law
3.Destination fee is not law but is typically standard per manufacturer
4.Assembly fee is not law but is sometimes included which covers small things such as unboxing/securing mirrors/license plate/connecting battery etc.
I've been charged only #1 and #2 on brand new bike before, but on the other hand i've also had a quote for $2,500 over MSRP on a $5k bike. Know the rules and ask more questions than you should, if someones gets mad or impatient with your questions, that's a warning sign.
Never ever ever ever ever tell the dealership what your bank loan offer is.
that is what i was thinking lol like imagine telling the dealership that your bank gave you a loan for 8000 dollars at 3.99 apr...at that point they know you are paying cash and have all the power to negotiate.....
Sorry in advanced if my english is bad,
So I put a deposit for a z650 two days ago, the guy said that all the preparation is free. When he send me the contract, I saw a 1000$ fee for the preparation. I called the dealer and I said that I wanted my money back. I told him that other dealers where I live are charging between 200-300$ for the prep and he seem very anxious about losing the sell so he gave me a 700$ discount ! Never hesited when you feel like the seller is ripping you off, its your money !
You guys do a great job of explaining the in’s and outs of riding. Great content!
This is the video I needed🎉🎉🎉🎉
This is an excellent video! Complete and thorough, it's just what a new motorcyclist needs before they actually go through the process! Thank you so much! I'm looking forward to the other vids!
I like some of the insurance comments. I agree, you gotta shop around. I just purchased a new 2019 goldwing. I priced insurance through progressive... $6800 for 12 month premium... priced it through Geico $974 for 12 months. Better coverage too through Geico!
Something on this that really ought to be bolded, underlined, italicized, and 80-point font: REMEMBER DEALER FEES! Dealer fees, prep, unboxing, etc all cost good money on new bikes. For example, I was really set on a Versys-X 300, which was about $5,600 with ABS. After unboxing and dealer fees, the price was OVER $8,000! Because of that price, I got "screwed" into my 2012 DL650 (which is a better bike imo). Ended up being a positive for me, but that's just something you have to keep in mind.
Shop around and buy used!
cerg you can get them to waive all those bullshit fees if you stand hard and fast. Get financed at a bank. Credit unions are usually the best rates. If you go to a dealer pre approved via your bank you are in a strong negotiating position. When I bout my 2014 zx14R they wanted 15000 for it plus dealer fees. I talked to dealers literally country wide. Got the 2 lowest prices faxed to me with all quotes and letterhead. Told them I wanted 12,200 our the door. Settled for 12,500 out the door. Paid by bank check and rode it home same day. You have to do your research and legwork and you can beat the bastards.
Pay cash and get your own financing and if they add those fees walk! Never purchase on emotion!
+Larry Gray That's what I'm planning to do. Do deals prefer cash over financing? I want to get a DRZ400SM and it's MSRP is about $7,300. Is it possible to just hand over the cash and ride it home (I actually want it to be delivered).
Opposite Lock I'm not certain whether dealers prefer cash over finance but I tend to think there would be more incentive for the dealer if you go with their financing.
You should be in a better position to negotiate with cash, or your own credit union financing. When you have cash or your own financing they will understand that you can walk to the next dealership if they don't reel you in with a great deal!
Stick to your guns, don't buy on emotion (there will always be another bike available that's you will like even more), be patient in the process and think carefully.
You will be fine.
Great video, Glad you chose to highlight Martin Moto! In 38 years of riding, and living in 3 different states, Martin is the best dealer around. How can you not love a dealership that offers you free water, coffee and ice cream! Their demo days are always a good time.
go to dealer, give them cash, drive bike home.....pretty simple
good luck trying to upgrade bikes in the future. Sure pay cash for a 300 but once you upgrade to a 600 or 1000 thats 6-8 grand. Financing is great for first time buyers because usually your first bike is one of the least expensive on the floor so you aren't locked in and you dont have to save up for a year to be able to buy it.
the dealer at my area kinda have a bad rep, but they are the only one who have the bike that I want, so I'm just gonna pay for the bike and ride it home.
One question: that's what I want to pay in cash, but I do not have the license for a motorcycle or the insurance ... so I can do it?
Rigo Gtz lol why are you even thinking of buying a motorcycle? You gotta know how to walk before you run. Getting a license and insurance is the obvious pre steps of buying a motorcycle,otherwise your bike will be gone by the police and you will be facing some serious charges by the law 😂
psn zsus if the time is right there is no problem with buying a bike before your license. And as to walking before you run? How do you know he isn’t an experienced off road driver?
I’m deciding on my next: Kawasaki Ninja 400 or Z400.
Have good credit,down payment and buy insurance. Have your sales inspect the bike and that’s pretty much it.
Please never ever finance gear. If you need to finance gear, you can't afford a bike.
Why not? Good gear costs a lot. And a good gear, assuming you're lucky enough, could serve through a couple of bikes. Do you prefer to buy cheapest Chinese gear or funding it? In the country I from usual gear sold for cash or credit card, and the bike funding via bank, because no bank will fund gear.
@@Areso2012 because now you're paying 20% interest on your gear that you've outgrown, crashed on, and replace throughout the ownership of the motorcycle.
Financing anything costs more. And gear is an awful way to waste a lot of money.
@@Areso2012 Pangolin hide jacket is Chinese, very high quality
This is good advice, but probably not for the reason you state. Financing warranties and extras just means a bigger chunk of gap insurance that costs you more as well. The value of your bike will never match the payoff until it is near being completely paid off. Future trade-ins if you still owe will hurt.
Great video. All good points except financing the gear. Thats not a wise financial move. You'll end up paying way more for the gear in the end than if you just bought it out right. If you can't afford the gear wait a few months and save your coins till you can. Or buy the jacket and gloves second hand. As far as the helmet goes I'd buy that new. There's no way to know what stress a helmet was exposed to by a previous owner.
this is fantastic, but where did Lemmy run off to?
To buy a used bike.
Assuming you already have a motorcycle and want to buy an additional one, it's easy. I've had two bikes and found a special one that I had to have, the exact color, wheels, windshield and it was not available at the local dealer and wouldn't be available for months. I wanted the bike now, so on the web I found it at a dealership 375 miles away. I called them, and told them that I want to buy it, I'd fly up there in a week since I had a cold. They said fine, all we need is $500 and we'll hold it for you. I made a debit card payment, I booked a flight and a motel room and week later I was up there on Friday by 11:00 am with my boots, jacket and chaps in a backpack and my helmet. They picked me up at the airport, I made a down payment of $4K and financed the rest, about $9K at 5%. I signed the papers, they prepped the bike and after a night at a motel, next morning I was on the bike home. The bike was a BMW R nine T Pure, black and white, with aluminum wheels and a nice windshield installed. The dealer was San Jose BMW and I took the scenic route 101 down to LA. After a stop at Paso Robles for the night I got home by 4 pm next day. It was the end of last November, beautiful weather in the 60s and 70s. It was the ride of my life!
1:30 he saved around $1000/year by switching to geico.
For my 2016 ZX-14R I pay $66 per month for a maxed-out, full coverage policy w/$50 deductibles with the gecko :)
because it's classified as a sport touring bike. A gsxr 600 or R6 would be much more expensive.
a new r3 through Geico for standard coverage was about 2700 a year for anyone with one accident and less than 3 Years with their license under 25 but I looked at progressive for full coverage was about 1700 about 900 for standard but that's in my state
Crazed Monk download root online insurance you'll save tons of money! Just believe me and try it out
@xavi97 : A Ninja 1000 ABS was $10/month less than a ZX-14R for the same policy... A ZX-10R was $7/month more than a ZX-14R for the same policy. So, not much more expensive at all. :)
My marketing teacher knew all about dealerships and taught the glass how to get under their skin. After all this researching I see that dealers charge a destination or freight fee for delivery because it’s a cost the manufacturer charges them. It’s also listed on the manufacturer website, however, how much do the dealers actually pay compared to the destination fee charged is a different question. Then there’s prep fee for “preparing the bike”. I understand the freight fee by law must be charged to every customer, but have also heard that some buyers are able to get it removed. The next fee is document fees for processing your documents. Because there are so many variables that these dealers “are required” to charge you, it makes it easier for them to keep up charging the buyer. I think it’s good to go in understanding these fees and how these fees are calculated. For example, what’s a reasonable price for documenting fees or prep fees? Are they paying a mechanic to prep your bike or an engineer so that they can claim the fee more expensive? To conclude, I think that you should go into a dealership without an aggressive personality yet be firm with your negotiations. I would argue to just disregard all the carrying fees and to just negotiate for an OTD price. Have the dealer allocate dealer fees from the OTD price.
I've been to that dealership a few times and without getting into details, their service department kinda sucked.
thanks just got my first bike today and man am i happy. this video with help people for years to come.
$1000 saving /year in insurance. Jez... do you have to sell your kidneys to insure a bike in US?
Yes you do, im 22 been riding a bike for a while now without anything on my record. I wanted to pick up an FJ09 most companies wanted 4-5k a year for full coverage. Best i found was $1200 a year.....
kylemorris500 dang how much did they give you for your kidney?
Guess it depends on the bike. Mine is under $500 a year for comprehensive on a Zero S and I just started riding.
RealDarkBlade I pay 1250 a year for the cheapest liability coverage. 19 no tickets no accidents. R6
I only pay 18 a month for liability with statefarm
Wow this would have been stupidly useful for me 4 months ago. I'm 17 and live in the U.K. So finance isn't a thing for me yet and I'm a new rider. Luckily I found a smaller dealership who I completely trust and turns out they work on my friends larger Kawasaki and are able to get good deals for their customers. Now with them I get my brand new bike next week. Definitely all great tips. New riders need to listen to this especially.
This was an extremely helpful and informative video on the process of buying a new motorcycle! Thank you for sharing. Subbed.👍
This video taught me one thing: the cb 500 F looks seriously good in red !
Funny as this is the dealership I'm stopping at on Monday to look at some triumphs
Accessories are a great way to save when buying from a dealer. Instead of accepting the $200 off their asking price I asked for $300 in accessories. Probably no greater cost to the dealer but a greater savings to me.
This video is freaking great and posts at a good time for me. I am a new rider and I am 98% sure I'll be riding on two wheel motoring within 30 - 45 days. Some of the things you talked about won't apply to me, sadly, as I now live in Canada and not the US and things are a bit different up here. Well, in some ways the same, but different.
I do have a small refundable down payment on a G310R, but I'm also looking at a Triumph Street Cup as a consideration beginner bike. I cannot test ride because I don't have a full motorcycle license yet, but I am legal to ride until such time I take a road test to get my full license. And I can, right now, buy any bike I want and ride out of the dealership on it. I'll be paying cash; I'm no spring rooster and I've purchased cars and a home, electronic equipment, I have credit cards, etc. So I have credit. And yes, good credit. :)
I've visited my local BMW dealership on many occasions and my local Triumph dealership too ...I was even back there today just looking again. Both dealerships know the deal with me and I have not been pressured.
I agree 100% that is it a great idea to just visit and chat with the men and women who work there. If they have the time, they love talking about motorcycles and will give you their honest opinion once they hear what you are looking for, your concerns, etc. Hell, I'm even considering just getting a 330cc scooter just to get my street savvy and get a motorcycle a year from now. And the scooter dealership, Piaggio, has been great too. Anyway, time will tell. But again, this is a great video with lots of good advice. Good job Spurg! Good job indeed. :)
Thanks for watching!
I agree with most of the people here. Don’t finance. Pay cash if possible. Also most experienced riders here on UA-cam never advise you to pay new due to depreciation
Thanks for the video, RevZilla ! The content and the quality is amazing!
This video is almost 4 years old and still very useful.
Martin's is pretty awesome.
I found a great dealership here in Tulsa where I live! They’ve been in business like 40 years and they are full service! Of course they only sell one brand of motorcycle, Harley Davidson, but that’s what I was looking for so it worked out fine!
Don’t get GAP or finance gear with the loan!
Good advice. Inflating the loan with non bike costs guarantees to put you upside down during an accident or early sell.
This is really helpful for the first-time buyer. It raises a lot of considerations and options in the buying process I'd not have thought of otherwise.
Hey I used to work there, great dealer.
I also look at what they charge you in fees. There's a good dealership on the Mississippi Gulf Coast, the guys are great to work with on anything, and they charge a flat rate of $90. Doesn't matter what you buy, no dealer fees with shipping and prep fees. Just 1 flat rate.
What about if you want to buy it cash? Can we say the bike price is $8,999 and we over the dealer $8,000 out of the door cash ? Please give me some info how to buy a bike cash what do's and don't? Thanks
Don't let them know you want to pay cash until you have agreed on a price. Then if they can't get the price you want try to tell them you can pay cash right now if they can meet your price.
A good tip that has worked for me is to pick a floor model and then try to get the assembly fee knocked off. They needed to assemble it for them to display and not for you to ride.
stimpson j cat thanks for the info buddy
Also don't be afraid ask for a better deal. As long as you are respectful the salesman should not get upset. If he does go somewhere else.
I bought a brand new GSX R1000 back when they were doing 0 percent interest on 5 year loans. That was such a sweet deal.
i pay 1800 a year for a 2016 zx6r. at first they wanted 2400$ but i got it down by having 1000$ deductibles and minimum coverage. My 2015 ninja 650 was only 75$ a month to insure
fuck i only pay 450 a year for my 02 vtxr 1800. and i have literally every option checked including natural disaster
i wanted abs and couldn't find one with it that was used in my state so
lordshampoo I pay 33 a month lol but I'm 30
Same deal. I dont bother with full coverage as old as my VTX is but insurance is cheap. When I bought my first new bike new to the Navy my Kawasaki EX500 cost $130 a month and the insurance was nearly $100 a month. After a couple of years my Mom made me a loan and I paid off the allotment at the $230 rate and paid it off FAST. I have never bought a brand new bike since. Ive ridden now for 35 years now. Everything from a 61 Triumph to BSA's, Hondas, Kawasaki, HD, Suzuki, Yamaha. With so many good used bikes with low milage why buy new?
This is a very helpful video, I priced insurance for the bike I would like to buy and insurance will cost an additional 70 a month. Even though I knew my insurance would go up with a newer bike I hadn't calculated this into my budget. Thank you for this video and I appreciate all you do.
My local Yamaha dealership sold me a new bike then when I went in a year later to upgrade they laughed and said my bike has no value. 😑
I give my local dealership a 2 out of 10 stars. I hate them and ride an hour out of town for better dealer.
So... you hate them for not knowing what the depreciation would be on your bike?????
Sounds more like you are an ignorant Karen that goes into everything blind and dumb.
Sorry if that hurts your ego, but that is what your comment screams to me.
Also, I have NEVER heard of a brand new bike losing ALL trade-in value in TWO years, unless:
It no longer has a clean title (or a documented wreck in its vehicle history),
It has EXTREMELY high miles,
It has been modified in structural ways (or cheap/tacky mods that don't add to resale appeal)
It is in less than "fair" trade condition (bad tires, rust, dents and scratches, runs poorly, etc.)
MAYBE there is more to your experience, but that is also your problem/mistake for posting such a vague, whiny comment to a bunch of strangers on social media.
🤷♂️
@@USMCCombatVet4TastyCrayons I posted it cause my thoughts and honesty. You post cause you insecure, Think you know it all and all the ladies call you Tic Tac. I would kick your ass in a street fight and you sure quick to show the world you just a keyboard warrior. You pry don't even ride or your daddy co-signed.
@@USMCCombatVet4TastyCrayons Yamaha pay you to promote? I had bad experience.
@@USMCCombatVet4TastyCrayons Oh you just the Troll that hating and following me around. No worries. Thanks for kicking me while I'm down..
As a licensed insurance broker and 35 years in that business, you nailed it! You have my endorsement and recognition of your knowledge and acumen! Well done guys!
14:05 Damn that's a Street triple R my bike!
I have no idea if any of the processes would be the same in the UK but I feel this is giving me a guide into motorcycling as I've been thinking of getting one
Guys, That dealer... OMG; In Argentina they just sell the bike and know almost anything about it, we pay for example 30k dollars for a ducati monster 1200. And the en insurance is just for third parties cover only, becouse of the robberies
Geico has been great to me for insurance, both auto and motorcycle. Very inexpensive and they took care of me when someone rear ended my truck and when I hit a car's mirror on my motorcycle, very good customer service...
Hey guys I don't know why but not all of your videos show up for me. I have the notifications turned on and have since that became a thing but I don't get notified when a new goes up from you guys. The last video I was notified about or had in my sub box was the one about Modular motorcycle helmets from a week ago.
Holy cow looking to get my first bike and saw that Boyertown, PA on the wall. I'm from Reading!
Glad I found this channel!
Hey Spurg, did you actually buy that bike???
Nah, I just rode it around for a bit. I have too many bikes in the garage to try and afford another one!
Going to be buying my first bike soon and extremely excited, thank you for the tips!
How to buy a new motorcycle! Okay folks, let's start!
Step 1. Have money
St..... OOF. Rip :(
The dealer fee $1200 - $1500
Docking / freight / prep fees $300 - $700
Sales tax - usually around 7% depending on the state
A $7000 sticker on a bike will usually yield a grand total close to $9500.
Dealers pack profit into everything. Most fees are arbitrarily created depending the perceived vulnerability of the customer. Even a set in stone rate is only made to create the perception of “that’s what everybody gets.”Look for “no fees” deals, which are rare, to save the most money.
Most dealerships are filled with sales people that are entirely lacking in knowledge. The more passionate, and knowledgeable employees will always be the mechanics.
here's a tip. stay away from ride now 😉
I highly recommend any new rideres take a msf class. Learned quite a bit in that and it did help lower insurance cost
How to buy a new motorcycle from a dealership? Don't.
How then? I'm sorry, i'm not from US.
@@logos_motorider6274 Classifieds
you can buy other options other than dealerships this video is just promiting dealership
@@morgan98801 its all about the profit and dealership has more costs to cover
I would LOVE it if my local Harley dealer had a salesman like that guy. I walked in today and spent an hour looking around, ready to pay in cash for a heritage….couldn’t get a single sales person to talk to me so I walked out. There was one other guy looking at bikes, so they weren’t busy. Nine employees, completely preoccupied with themselves. Going to check out Honda tomorrow. Sorry Harley.
Worst advice ever. Don't waste your time in a fucking stealership getting jerked around by some douche. Do all your research online, watch videos and browse through some motorcycle forums to get your information. Once you have narrowed it down to which bikes you're interested in, schedule some test rides. Once you have locked in the bike you want, CALL all the dealerships within a 50-100 mile radius and make an offer till you find a dealer that will give you the best "OUT THE DOOR" price. Then go to the stealership with cash in hand, inspect and start the bike, ensure all fluids are topped off, get the clean title in hand, load the motorcycle onto a pick up , van, or trailer, you can also purchase the bike and come back and get it. If the dealer starts pulling some shit on you, walk right the fuck out while fanning yourself with the cash you brought. When you get home you can shop around for insurance and take care of your plates and registration. It's 2017, use the internet and phone, you can scour several states worth of dealerships within a few hours right from your home.... The idea is to spend the LEAST amount of time possible inside the stealership. If you plan on financing, try to hash out the details over the phone.... or show up to the dealer with a few friends, never go alone.... Also, don't be scared to say "no" and "I'll think about it" and go home and sleep on it for a few days.... Never be rushed into agreeing to something, be patient....
If you have cash, best bet is to buy a used bike.
You know this fucked up attitude also applies to the industry you work in.
This is video that helped me feel confident in buying my first bike ! Thanks guyss
step one to finding a good bike: dont live in rapid city, SD
dude same here in Casper, WY
I’ve bought 3 different bikes from the same dealership. That dealership is 3 and a half hours from me, but they make the best deals. Look at dealerships a few hours away and just consider it as bonding time with your new baby.
North Sioux City here
Hands down some of the best production videos on UA-cam I’ve ever seen.
lord have mercy i pay 150 for insurance where i am. For the full fking year lol
Michael Statia same. for 2 bikes at that
Do you have comprehensive and collision on those two bikes?
It depends where you live and how old you are. I pay a pittance but have been riding 35 years. Even in my late 20s in CA Liability was 200-300 a year. In NYC I used to pay $700 for liability alone in the 80s on an olf Triumph as all vehicle insurance is a rip off. The drivers suck and you are taking your life in your hands there.
On my Harley I paid $450 a year. On my GSXR1000 it is $1800. I suppose its for a reason. I've never rode a wheelie past 100mph on my Harley. Hahaha.
Is that full coverage? I got quoted around $1300-$1,600 a year for full coverage by a few different companies.
I love the production value on your videos!