Topic: What is your bike actually worth...

[bluer6rider]

So apparently now you can look up the Canadian "book" price of your bike

http://www.cbbtrader.ca/

mine probably wouldn't sell for the retail price they have, it's got 62,000 and most sport bike riders figure a sport bike dies once it hits 30,001! 

[ASP]

We have noticed that after one of your members made mention of Blue Book values from our http://www.cbbtrader.com site, a good number of your members have visited our website. We would like to “welcome” your membership.

To reply to a few of the comments made on the original postings.

1) The resale value is based on average to clean condition units. It does not make allowance for accessories, engine or suspension upgrades, etc.

2) The trade-in price is based on a unit that is in average to clean physical condition, good running condition and average mileage for the age of the unit. Price may be adjusted for extra low mileage units, a strong maintenance history as well as optional upgrades and accessories.
 
3) Is the dealer getting rich taking in a unit that is average condition and selling it for clean price? Think about it – he has to pay rent and utilities, wages, advertising and probably offer a shop warranty. But what is missed here is that he has to spend some serious dollars to move the unit that was in “average” condition into what is now classified “clean”. And in many cases he cannot move the unit into a higher condition category and will sell for less than our website shows for resale value.

Where do our prices come from? We phone and fax between 400 and 500 dealers every week for their past month’s sales. With over 95 per cent of the dealers in Canada using the Canadian Dealers Blue Book, we feel that it is an industry standard.

Three things to keep in mind:

1) We do not sell our publications to the general public – instead we offer some guideline pricing on our website at no charge.

2) The dealers have 6 different prices to work with when using the Blue Book.

3) Many of us forget the tax savings when trading – in our province the savings to the consumer is $120.00 per $1000.00 when trading versus outright cash purchases. This adds up when you have 10,000 trade and is the reason why many buyers will trade-in rather than sell privately.

In the meantime, we welcome your membership using our site – whether it be for pricing or classifieds.

Sincerely,
The Canadian Blue Book Trader Team