Si Vis Pacem Parabellum
Join Date: Feb 2006
Sportbike: 955i Speed Triple, 100AE Road King, AP1 Honda S2000
Years Riding: 1/3rd of my life.
How you found us: Cave Johnson
In this economy the market is flush with all types of bikes and very few people have the money to buy them. Absolutely a buyer's market.
You're not just trying to sell your bike, you're competing against the other 10 CBR1ks out in chicagoland for sale by private parties right now. If you want $7,800 for yours and the guy two towns over wants $6k for his with 3x the miles, which do you think will be easier to sell?
With unemployment at 9.1%, how many people would you suppose have $7,800 lying around for a completely ancillary vehicle. This isn't SoCal where it can be a viable option for a year long daily driver.
It sucks, but that's where the market is today- Look how many bikes are for sale on craigslist right now in your price point, would you buy your bike given those options? Now look at bikes that are $2k more than yours, compare them to your ride, show up with $7,500 cash for a bike that's listed at $10k and odds are really good you'll ride it home.