Quote:
Originally posted by AGE996
I wish it was another duke but my bank balance won't take another Duke hit
Age |
I'm now in the same boat mate. Wanted a Duc since I got into bikes 15 years ago and always said they were too expensive etc, servicing etc, etc.
I brought a new '04 749S for NZ$28,000 + Termi $3,500 and finance costs etc came to NZ$34,000 odd two years ago. Trade in value now would be about $17,000 or $20,000 private sale. I've taken a kick in the pocket of approx $7,000 - $8,000 per annum. This excludes servicing, consumables and insurance of around $2,500 per annum.
The secound hand value has not been helped by the number of muppets importing Duc's for Japan that are due for the 2 year services and flicking them off around 15-20% less than the market value.
Now here's the painful part. I would like a '05 999S which are selling for around $34,000 second hand so I need to fork out between $14,000 - $17,000 (Could buy a new '05 Suzuki GSXR1000 K5 for that and keep the Duc!).
If I traded the 749 in on a '06 R1 it would cost me $4,000 to change stables. If I then trade the R1 in for an '08 model in couple of years I'd get around $13,000 as a trade in. Approximate cost per annum $4,000 or half the cost of the Duc. Servicing and insurance would also be cheaper.
I need to keep the 749 for another 3 years or so just to make to make the Duc $$$$ work with the wife. The above costs work against Ducati' in terms of turnover and cashflow.
At the end of the day my Ducati's more expensive than I ever though it would be. While cost and value are obviously different I'm struggling to realise the value of the Duc in this light. Anyone else in the same boat?
[Edited on 16-5-2006 by sbwells]