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General Category >> Rubber Side Down! >> How much is my neglected bike worth?
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Message started by Ianmh on 05/13/17 at 12:08:46

Title: How much is my neglected bike worth?
Post by Ianmh on 05/13/17 at 12:08:46

Hi Everyone,

I bought a 2007 S40 about 4 years ago and have sadly neglected it. :'( I kept hoping I would get back into it, but time has not afforded me this and of course it's been sitting in a basement aging not so gracefully. My question is how much is it worth?

The up side is that it only has 2060km on it, but the down side is it was stored in an open multilevel garage for a couple of years and the crappy bike cover tore open due to wind. It's also been in a covered garage for another 2 years after that with no cover. Rust spots and lots of corrosion exist. Several months ago I took the battery out and charged it and it does still run surprisingly, but not sure if it would now. Thoughts?

Title: Re: How much is my neglected bike worth?
Post by norm92de on 05/13/17 at 12:15:46

Ianmh,
Just see what the market will bear. Craigslist here it the States doesn't cost anything.

It would be worth a try.

Title: Re: How much is my neglected bike worth?
Post by Ianmh on 05/13/17 at 12:36:36

I have, but I've had a vast array of offers and two people have seen the bike and are no longer interested. I need someone who is into giving some love to neglected bikes obviously, but I also need a ballpark range. One person said it's not worth more than 1000.

Title: Re: How much is my neglected bike worth?
Post by norm92de on 05/13/17 at 12:45:21

If the bike needs work to be able to ride it the price will not be very much. If it can be ridden away that will be a plus.

Let's see what the other guys think. I can't guess unless I see the bike.

Title: Re: How much is my neglected bike worth?
Post by SALB on 05/13/17 at 13:11:36

Check NADA, Kelly Blue Book, and other S40s on craigslist. That should give you a ballpark value.

Title: Re: How much is my neglected bike worth?
Post by catfishunter99 on 05/13/17 at 13:33:46

+1 Agree with the previous post. Probably on the low end of retail depending on condition. I just picked up an 06 in ok shape for $326 but it's not a fair comparison because mine has title issues I'm going to try to sort out.

Title: Re: How much is my neglected bike worth?
Post by justin_o_guy2 on 05/13/17 at 19:11:43

Don't try to start it until you fog the cylinder with oil. Crap collects in the cavity the spark plug sits in.
Inspect and clean if necessary.

Title: Re: How much is my neglected bike worth?
Post by zipidachimp on 05/14/17 at 13:10:33

I bought a spotless '08 in Vancouver last summer, 5500kms, for $3000, and it was priced UNDER the local market. For a crappy bike, get it running, price it at $2500 and take the first offer.Better yet, clean it up and ride it!!! 8-)

Title: Re: How much is my neglected bike worth?
Post by batman on 05/14/17 at 15:28:02

Kelly blue book says the bike is worth $3,330 in MINT condition RETAIL,trade in valve $1,500 in GOOD condition. Sorry ,but it sounds like your bike is neither. The fact that it might take 500 to 600 to fix it to be road worthy (tires ,battery, tune up, brakes , etc .) even if the mileage is low, If it looks rusty and old ,it may not appeal to a new buyer, and may not be seen as in good condition, A price between $1,000 and $1,500 may not be an unreasonable offer , or it may be cheaper to keep her ,get it running ,and make her pretty a little at a time.

Title: Re: How much is my neglected bike worth?
Post by SALB on 05/14/17 at 16:02:14

4447524B4748121E260 wrote:

Kelly blue book says the bike is worth $3,330 in MINT condition RETAIL,trade in valve $1,500 in GOOD condition. Sorry ,but it sounds like your bike is neither.

Is that Canadian? :-/ If not, we're comparing apples and oranges.

Title: Re: How much is my neglected bike worth?
Post by Ianmh on 05/15/17 at 20:04:31

I'd totally fix it up myself if I had the time and a garage, but right now it's in an underground parking lot collecting dust and I don't even have a license anymore to ride it. Totally could have sold it 2 years ago, but because I procrastinated now it's probably going to be hard to get rid of. Might buy another one in a few years when I have more time. :)

Title: Re: How much is my neglected bike worth?
Post by batman on 05/15/17 at 21:36:10

No that's us dollars ,but I haven't been to Toronto lately so I'm not up on the exchange rate.