Also, 14 out of 20 bikes on sale are all above 300cc category (just five bikes are in the ‘commuter’ category).
BHPian Hoopoe recently shard this with other enthusiasts.
I noticed a strange thing today. In the Team BHP for sale section, 5 out of 20 bikes on the first page are Interceptors—all ridden below 10k. Also, 14 out of 20 bikes on sale are all above 300cc category (just five bikes are in the ‘commuter’ category). This is the start of winter/holiday season when people usually plan to travel around and would like to put their performance bikes to good use. What’s going on?
Here’s what BHPian sunilch had to say on the matter:
There are too many Harley Davidsons now in the used market mainly due to exit of the company from India. Also, no riding during lock-downs has made owners realize that they are indeed holding onto garage queens. Moreover, many used bike dealers have popped up recently.
All this has lead to more inventory in used bike market now.
Mind it: A lot of these could be tampered with or not serviced as expected.
Here’s what BHPian 2000rpm had to say on the matter:
I don’t think a lot of those are realistically priced.
I find sellers post very high prices on Team BHP, maybe with an assumption that enthusiasts don’t have financial sense and will pay higher prices.
They don’t know we are aware of prices at spare parts level and where to source them from.
Here’s what BHPian ashwinprakas had to say on the matter:
Anyone can buy a superbike courtesy extremely alluring (at first, if you’re taking the NBFC route) credit options put forth especially for corporate employees.
But not many can actually afford to ride one, which is a realization that hits post purchase. This is not really limited to superbikes but with any automobile purchase.
If you ride a mere 1000kms a month with anything returning around 15kmpl, your annual fuel expenditure is 85,000/-
Insurance for anything with a Rs. 5 lakh IDV annually is 10,000/-.
Cost of consumables (includes rubber and lubes) excluding service charge per annum for the above mentioned mileage per year is around 25,000/-.
Now in addition to this, there is the annual EMI to be paid.
Adding more uncertainties in the name of Covid really makes fighting for this case quite challenging, especially if you have other responsibilities to attend to, which I believe is behind the recent used market flooding.
A few whom I personally know are asking foe a premium in the used market because they expect a haggle, the rest have no other option courtesy impulsive purchasing in the past, also to consider is the rise in middlemen due to a loss of jobs during the Covid crisis everyone and anyone whose out of a job got into brokering as it is a low investment commitment, as by hustling you either loose some time which you have plenty of or gain a penny which you’re in dire need of, so that’s a no-brainer.
And the ones who still have a job would be more than glad to employ services of such middlemen as they’d gladly pay commission considering WFH means they’re practically on the clock 24*7.
And there you have it.
If there’s a motorcycle you lust after, do keep your eyes wide open for that rare posting with a justified price that falls within your budget, and be sure as hell to be sure of your budget because if otherwise the snake bites you, and you’ll have to start this cycle all the way from the beginning.
Here’s what BHPian AirbusCapt had to say on the matter:
We need to understand that these sales/sales advertisement reflect the true state of our economy at the moment. The very fact that well to do people are letting go of their indulgences reflect that times are hard. Superbikes, expensive gizmos, the second home/holiday homes are all expenses that one can bear when things are great. The moment earnings are down, people begin to eliminate all non required expenses. All big shocks to the economy ( like the pandemic) will invariably have a recession in their wake. Right now we are entering the period of post pandemic recession, post which we will enter a period of growth.