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How much can you negotiate on a new bike?
Know exactly what the bike is worth (look on bikesales.com, redbook etc) and try for at least 5\% off sticker price. Know your limit. Otherwise ‘bundle’. As mentioned, what can they throw in: free service, gear, extended insurance etc.
How do you ask for a lower price on a motorcycle?
Here are the four rules for negotiating down a motorcycle’s price.
- Be early. Respond right away.
- Ask questions that makes the seller feel good and shows interest. This is a question you know they can give an answer to that doesn’t make them look bad.
- Call on the phone.
- Lead into the offer gently.
Will bike shops negotiate on price?
Bottom line is NO a bike shop will not lower the price for you just because you haggled! The profit margin is low on bikes and no lead way to discount. Some bike stores will discount their bikes when the next year models come out.
How much should I put down on a motorcycle?
Most typical Harley-Davidson loans will require 10\%-20\% down.
| Bike Amount | 10\% Down | 40\% Down |
|---|---|---|
| $15,000 | $1,500 | $6,000 |
| $20,000 | $2,000 | $8,000 |
| $25,000 | $2,500 | $10,000 |
| $30,000 | $3,000 | $12,000 |
What is the markup on a new motorcycle?
But on most new bikes, the margins are very slim. I know most think this is not the case, but an available margin on a new bike varies from about4-7\% of the retail price for most brands. So a $10,000 new bike, may only have a $400-$700 margin. Sometimes a little more, often a lot less.
Can you negotiate for bike?
Shopping for a bike is just like purchasing a new car, with a plethora of pricing, models, and types. Don’t pay more than you need to. There is no shame in haggling.
Is it good to finance a motorcycle?
Taking out a loan can be a good option when you need to secure transportation and don’t have the luxury of waiting to save money. Financing will allow you to buy a bike now and repay what you borrowed over time. Build your credit. Like an auto loan, repaying a used-motorcycle loan can also help you build your credit.
Can you negotiate the price of a motorcycle?
When purchasing a new vehicle, either a minivan or a motorcycle, it is always important to negotiate the price with the dealership. Negotiating for just a few minutes and knowing the facts about the motorcycle can end up saving you a few thousand dollars in the end.
How do I know what a motorcycle should cost?
Wait for the motorcycle dealer to name the first price. Typically, the individual who names the first price ends up with the raw end of the deal. This way you can know how much they want out of you, above the actual cost of the motorcycle. Let the dealer ask about your bottom line, but don’t answer every question.
What is the trade-in value of a pre-owned motorcycle?
The trade-in value is how much a dealer would pay for someone’s pre-owned motorcycle when they purchase another one at their dealership. For example, the typical listing price of a 2014 Harley-Davidson® Road King® is $13,204.
Does the dealer own the new bike?
First, the dealer almost always does not own the new bike. The dealer has the motorcycle on loan and the loan ends when they sell it to you. (Industry parlance is “on floor plan.”)