Am I getting ripped off?
Hey guys, haven't posted in here for a while but just wanted to ask a couple of questions.
I got my first bike as an SV650S about 8 or so months ago. I'm now buying a new bike which is going to be a Honda CBR600RR.
My SV650S is a 2005 (I was original owner) 6200 miles, and good condition. I set my goal of getting at least $4800 for the bike if I trade in or sell it on ebay.
So here's the situation and my question; I went to go deal with a guy and everything was going well. He made it sound like $4800 was a done deal (he was even like "do you want to do it today?" so I figure he was pretty eager) and I told him I had to call my dad (he's helping me with this bike) and make sure everything was alright. When I came back we still were talking about it but than he says "well my boss just told me the blue book value of the bike is $3500."(BS) I told him that's too low and that I can't settle for less than $4800. BTW, I'm paying with cash, and the SV650S is completely paid for, so no hassle for them. SO, $3500 seems WAY to low for my bike. Less than a year old and 6200 miles and it's worth almost less than half of it's MSRP. Am I getting ripped off?
Thanks, really need some help on this. Oh and there open house which gives 5-30% off all used and new motorcycles (depends on which motorcycle, new ones are most likely 5%) is this weekend, so that should be in my favor.