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Old 04-21-2010, 07:04 PM   #34
Captain Morgan
Let's do another U-turn
 
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Join Date: Feb 2008
Location: Indiana
Moto: 2009 V-Strom
Posts: 3,816
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Grr. Went over after work and talked for a bit. Mentioned kbb retail is 4600 and that bike has been down on both sides (looks very minor, but still...) Offered 4k flat, expecting counter-offer. Salesman simply said no way they'll take 4k. "Ok, what will you take?" "Sales manager isn't here, but there's no way he'll take 4k. Took it in on trade for Victory and had it originally at 5400, but came down to 4999. there's no way he'll come 1k off price."

"uh, retail is 4600 and bike has been down"

"yeah, it's a used bike"

"uh, I can go over to local suzuki dealer and get brand new bike for 7500, probably less, and finance at 1.99% for 5 years."

"yeah, I can offer you good financing on a new Vic"

"uh, I can't get a new Vic for 7500. These are completely different bikes. Why would I pay 5k for a 3 year old bike that's been down, with kbb retail price of 4600, when I can go get a new bike, same model, even has engine cage on it, for 7500 or less, with better financing. It doesn't make sense. there is no way I'm paying 5k."

"well, last I heard is 4999 is the price, but I'll take your number and have sales manager call you tomorrow."

Gave him my number, but that's just ridiculous. I'll go buy a brand new v-strom, probably for 7k, get a warranty and get 1.99% financing for 5 years before I'll pay 5k for a used v-strom that has been down, even if it was a fucking driveway drop. It has evidence of being down, I don't know the owner and know nothing more about the bike. My credit score is 740, so I highly doubt I'll have any problem qualifying for the 1.99% rate.

I can finance 4500 on the 2007 v-strom at 7.99% for 3 years (already approved), so payment would be 141. OR, I could finance new v-strom (say 7500) for 5 years at 1.99% and payment would be 131. Insurance is 200 more per year on new v-strom, which works out to 16 per month more, so I'd only pay $6 more per month for a brand new one, although it would be for 2 more years (if I don't pay off early, but why would I at 2% int?)

I'll wait for sales manager to call me tomorrow, but the absolute most I will pay is $4500 out the door. Otherwise, it's a new V-strom for me.
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