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The Open Road => General Sport-Touring Discussion => Topic started by: Blue is Best on April 06, 2020, 11:50:05 pm



Title: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 06, 2020, 11:50:05 pm
Is it a good time to go out and get a new bike? On the one hand, dealers are struggling and may make one heck of a deal on a new bike. On the other hand, quite a few are closed. I guess they are just waiting to see what happens.            :shrug:              I emailed a dealer several days ago and the manager emailed back that they are open only for a limited amount of business. I replied asking if he would open up for a new bike sale. No response back.  


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: rajflyboy on April 07, 2020, 04:15:20 am
Oh no

Not another Coronavirus thread

 :lol:


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Bounce on April 07, 2020, 09:51:46 am

Oh no

Not another Coronavirus thread

 :lol:

please Please PLEASE consider all this a hoax and go on about your day as you did before. Report back to us on how it works. You can be our coal mine canary.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: rajflyboy on April 07, 2020, 10:43:56 am
It ainít no hoax

But others will be hurt by this due to extreme actions that are unnecessary


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: SLK50 on April 07, 2020, 11:05:46 am

It ainít no hoax

But others will be hurt by this due to extreme actions that are unnecessary


Wait. What??

What extreme actions?


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: jay547 on April 07, 2020, 12:53:58 pm
I bought my once-in-a-blue moon new bike March of last year. So, no.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 07, 2020, 01:06:27 pm
I really hate to take advantage but now does seem to be a time of great deals. I'm looking around. Of course, it also means now there is no chance of selling a used bike.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: jay547 on April 07, 2020, 01:15:46 pm

I really hate to take advantage but now does seem to be a time of great deals. I'm looking around. Of course, it also means now there is no chance of selling a used bike.


Yeah, Lisa's had her 650 Ninja on a local site for about a month with only two responses. Both wanted to trade despite the ad specifically stating "no trades."


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 07, 2020, 01:18:38 pm



Yeah, Lisa's had her 650 Ninja on a local site for about a month with only two responses. Both wanted to trade despite the ad specifically stating "no trades."


Two responses? Not bad. Yeah, I don't get why people disregard what you put in the ad.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: kyzrex on April 08, 2020, 07:22:54 am
I promised myself in February that if I made it through dental surgery, and the problem with my neck/shoulder turned out to not need surgery, and my cancer biopsy came back negative, that I would celebrate by buying the new bike that I have wanted for some time......and then my wife got laid off as her company basically shut down her whole division.  Iíve gotten to the point where I believe that it might never open up again too. She had planned to retire next July, but we have lost so much money in our 401K accounts that I donít think that she will be able to do that.  She will never find another job that pays her anywhere near what she was making...she was one of 3 regional managers for the whole country and had worked for the same company for 38 years.  Meanwhile, the medical bills are coming in for my problems over the last 3 months.  So barring a miracle that stops this pandemic in its tracks and results in the economy suddenly going back to what it was, I donít think that I will be making any purchases that I donít really need for awhile.  Not complaining mind you, there a lot of people that are much much worse off than we are.  Weíve got some savings, my limited income from SS and pension hasnít been effected, and we donít have huge bills other than the house payment.  But going from a six figure income to $550 a week from unemployment is a huge difference.  Adjustments have to be made.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: rajflyboy on April 08, 2020, 08:20:23 am
K

Hope you are doing well and stay Cancer free and healthy.   The job and economics will work themselves out but your health is most important  :thumbsup:


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: kyzrex on April 08, 2020, 08:45:08 am

K

Hope you are doing well and stay Cancer free and healthy.   The job and economics will work themselves out but your health is most important  :thumbsup:


Thank you....biopsy did come back negative, neck and shoulder are pain free, and Iím adjusting to missing my wisdom teeth, so all is good on that front.  Here in KY the virus is not spreading much outside of a few urban counties.  Most people staying home and not much traffic out and about. So Iím not to worried about it.  But it has totally disrupted most of the economy and we will all suffer the effects in one way or another.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 08, 2020, 10:10:21 am
I think FlyBoy is on the mark, K. Your health is the most important thing. If you have your bills covered, transportation and food in the refrigerator, then, you are doing better than a lot of people.

Now for some simple advice that I think may solve your new motorcycle problem. No charge for this advice, by the way. Sit your wife down and respectfully, lovingly and with the most caring attitude you can muster, tell her she must get TWO jobs to help with the new motorcycle payment.              :bigok:                   Let us know how that works out.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: jay547 on April 08, 2020, 10:17:38 am
Honda has 90 days deferred first payment. Time to get a 450L.  ;)


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: kyzrex on April 08, 2020, 05:26:39 pm

I think FlyBoy is on the mark, K. Your health is the most important thing. If you have your bills covered, transportation and food in the refrigerator, then, you are doing better than a lot of people.

Now for some simple advice that I think may solve your new motorcycle problem. No charge for this advice, by the way. Sit your wife down and respectfully, lovingly and with the most caring attitude you can muster, tell her she must get TWO jobs to help with the new motorcycle payment.              :bigok:                   Let us know how that works out.


Thatís not healthy at all!   :D


Seriously though, I think that the economic uncertainty that many many people are now facing is going to be a really big impediment to the economy recovering quickly.  Not just motorcycles, but virtually any large purchase is going to be something that many people will think twice about making right now.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: NinjaLady on April 08, 2020, 06:40:37 pm

I really hate to take advantage but now does seem to be a time of great deals. I'm looking around. Of course, it also means now there is no chance of selling a used bike.


It could be a great time and we all need to go on living our lives so as long as you practice social distancing during the sale all is well.  ;)


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Bounce on April 09, 2020, 10:44:55 am

Seriously though, I think that the economic uncertainty that many many people are now facing is going to be a really big impediment to the economy recovering quickly.  Not just motorcycles, but virtually any large purchase is going to be something that many people will think twice about making right now.


Consider the huge demand for employees when this is over. With a little caution, someone could actually get a "raise" when they renegotiate.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: UFO on April 10, 2020, 12:08:33 pm
"In these uncertain and trying times, thoughts and prayers go out to all who exercise social distancing while bike shopping." :facepalm:

Ugh, more cliches interjected into our vocabulary to overuse and abuse.

To answer the question, no. I bought new 2 years ago and am extremely happy with my bike.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: blackdeek2006 on April 10, 2020, 02:01:39 pm
Got lucky and work has been going well for the wife and I, managed to sell my 01 FZ1 with little hassle, some other financial stars were in alignment and ordered a 2020 FJR ES.  I was planning on seeing if I could find an older one with very low miles but saw the paint scheme and said screw it.  Been on the FZ for 15+ years and decided to treat myself to a new one.  Went with the ES since I bounce back and forth with 1 and 2 up riding.

Bunch of mods planned once received so there will be some toys to go along with that; Helibar Risers, aux lighting, better horn, stealth backrest, front and rear cams, possibly a LAAM seat after riding for a bit to see how the stock seat feels, Delkavic slip ons.  


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: 02Tac on April 10, 2020, 06:50:43 pm

Is it a good time to go out and get a new bike? On the one hand, dealers are struggling and may make one heck of a deal on a new bike. On the other hand, quite a few are closed. I guess they are just waiting to see what happens.            :shrug:              I emailed a dealer several days ago and the manager emailed back that they are open only for a limited amount of business. I replied asking if he would open up for a new bike sale. No response back.  


The dealership that I work at ( part time ) is open for parts and service. Sale is by appt.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 10, 2020, 11:02:33 pm
I've had several call backs on my emails. One large dealership network of fourteen stores has told me the advertising is wrong and they don't have the bikes advertised or don't have the right years advertised.   :facepalm:  One fellow that called me back told me a price two thousand dollars over his competition. I politely reminded him of that and he said he couldn't even think why his competition would sell that low.   :facepalm:    

So, I am not getting people that are serious about moving product in this incredibly bad economic situation. Since these few guys aren't really too serious I didn't even try to get to the negotiation price part.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: jay547 on April 11, 2020, 08:40:47 am

Since these few guys aren't really too serious I didn't even try to get to the negotiation price part.


I ran into that in 2016 when I was looking. I had decided to get a new Versys. I went in person to both local Kawasaki dealers and asked for a quote. One quoted me retail (of course, I already knew the retail price). The other said he would work up some numbers and let me know. He never called back. I ended up buying the FJ-09 used.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 11, 2020, 09:20:29 am



I ran into that in 2016 when I was looking. I had decided to get a new Versys. I went in person to both local Kawasaki dealers and asked for a quote. One quoted me retail (of course, I already knew the retail price). The other said he would work up some numbers and let me know. He never called back. I ended up buying the FJ-09 used.


Most "sales people" don't understand that salesmanship starts when the customer says no. Most want to be order takers.

Right now with a terrible economic situation(experts say months more to come) and bills to pay that business owners would want to get all product out of the shop.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: kyzrex on April 11, 2020, 10:06:14 am
One thing to understand and remember....

Those dealers donít really own those bikes.....the banks do.  The banks lent them the money and the only thing the dealer is on hook for is the payments on those loans.  They have to decide if they are willing to sell now in order to get away from making payments on that loan OR hang onto it, make the minimum payments the loans require, and try to sell it later for enough money to make a good profit.  

With the new bill that allows these small businesses to borrow money basically for free...and in some cases even receive free money from the government.....they really arenít in a cash crunch where they have to sell the bikes just to raise cash.  In fact, many banks are allowing small businesses to either skip loan payments entirely, or are willing to refinance their notes with deferred payments of up to 3-6 months.  Basically giving the dealers an extended grace period where there is no real pressure to sell bikes.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: rajflyboy on April 11, 2020, 02:23:46 pm

One thing to understand and remember....

Those dealers donít really own those bikes.....the banks do.  The banks lent them the money and the only thing the dealer is on hook for is the payments on those loans.  They have to decide if they are willing to sell now in order to get away from making payments on that loan OR hang onto it, make the minimum payments the loans require, and try to sell it later for enough money to make a good profit.  

With the new bill that allows these small businesses to borrow money basically for free...and in some cases even receive free money from the government.....they really arenít in a cash crunch where they have to sell the bikes just to raise cash.  In fact, many banks are allowing small businesses to either skip loan payments entirely, or are willing to refinance their notes with deferred payments of up to 3-6 months.  Basically giving the dealers an extended grace period where there is no real pressure to sell bikes.



This is what Iím seeing in Charlotte


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: kyzrex on April 11, 2020, 05:12:40 pm
My son in law is a bank manager for Wesbanco.  He says that he has never been so busy as he is now.  They are literally getting more small business loan applications than they can handle, because of this new bill.  They were already doing a lot of loan modifications and equity lines of credit before that system added to their burden, too.  Commercial banking is a real different animal than regular retail banking, and banks that deal in it have a lot of leeway when it comes to working with small businesses, more so than they do for a lot of consumer loans.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: KeithU on April 12, 2020, 11:58:33 pm

Those dealers donít really own those bikes.....the banks do.

This may be true for used bikes, but in the case of new bikes dealer inventory is usually still property of the manufacturer/importer. Dealers normally pay a floor fee for their inventory. I'm guessing the importers are giving dealers breaks on these fees right now, because there isn't anywhere else to put them.

The manufacturers (motorcycles and auto) are really going to be in trouble if they're still sitting on mountains of unsold inventory next Fall. I wouldn't be surprised if we see another "Cash for Klunkers" type of stimulus in the next 6-12 months.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Biking Sailor on April 13, 2020, 10:25:19 am
When is the Tenere 700 due to be available here in the US?

Only issues are A) I need to sell a couple of the herd and B) when, or if, the Wife's business can get back operational.

I so do want to be able to support our economy!   :D


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: KeithU on April 13, 2020, 12:24:46 pm

When is the Tenere 700 due to be available here in the US?

Only issues are A) I need to sell a couple of the herd and B) when, or if, the Wife's business can get back operational.

I so do want to be able to support our economy!   :D

The Yamaha website still says "Early summer 2020." Hopefully that's still true, but with the current situation it seems like there's a high risk of delay.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 13, 2020, 02:05:08 pm


This may be true for used bikes, but in the case of new bikes dealer inventory is usually still property of the manufacturer/importer. Dealers normally pay a floor fee for their inventory. I'm guessing the importers are giving dealers breaks on these fees right now, because there isn't anywhere else to put them.

The manufacturers (motorcycles and auto) are really going to be in trouble if they're still sitting on mountains of unsold inventory next Fall. I wouldn't be surprised if we see another "Cash for Klunkers" type of stimulus in the next 6-12 months.


I know that selling motorcycles and cars are not as simple as the public believes. I've purchased new and the dealer had the title on the premises and purchased new when the dealer said they would mail me the title.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: KeithU on April 13, 2020, 05:39:12 pm



I know that selling motorcycles and cars are not as simple as the public believes. I've purchased new and the dealer had the title on the premises and purchased new when the dealer said they would mail me the title.
If the dealer has the title then I assume they own the motorcycle. Usually though - as I understand it - once they sell a vehicle they send the money to the importer/manufacturer and request a COI (Certificate or Origin) which is provided to the state government to issue a title.

Buying a vehicle can be a surprisingly risky transaction, especially right now where dealerships are certainly struggling to make sales. Even if you plan to pay cash, I recommend you arrange for a loan through your bank or credit union and use that for the purchase. You can then immediately pay off the loan with the bank if you like. That way if something happens to the dealer and your money doesn't get forwarded on to the DMV and/or manufacturer, then the bank is the creditor and not you. This may seem paranoid but I've seen it happen multiple times in *good* economies.

Also, if you can get a loan that is at or below the rate of inflation (under 2-3%) it actually makes more sense to finance the vehicle rather than pay cash. That way the lender pays the cost of inflation, not you. And you can use your cash for some other investment that might actually beat inflation.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 13, 2020, 05:53:00 pm
I have bought new with cash(actually a Cashier's check) when the dealer had the title on hand. My preference, as you pointed out, is to take out a loan. I'd rather have the cash in the bank and pay the least amount of interest. Financial planers all say pay cash to save interest but I say making payments is my forced way to pay monthly rather having to build back up the cash I spent.

By the way, my fico score is WAY over 800!


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Epyon on April 17, 2020, 04:31:49 pm
My hours have been cut at my job so I've been going into the local BMW dealer to help out.  I'm buddies with the GM there.  He went from 10 employees to 3, him and 2 techs.  He is so busy being; sales, service, parts, finance, office person, delivery, pick up.......  He is still selling bikes and doing service.  We are in Minnesota, last week he had a guy come in from California and he has other from other states coming in this week.  On top of all of this people are calling to get their bikes out of storage.  Last week I "worked" aka volunteered for two days.  I took 50 calls a day.  This week I was there on Thursday and took 30 calls.  They finally got someone to answer the phone calls that we couldn't get to.  He is trying to get the authorization to have someone work like 10 hours a week to do pick up and delivery of bikes for him.  He gets in at 9-6 then after work he fires up the truck and trailer to get bikes.

It kinda sounds great but the work load is so much and the customers sometimes not very understanding.  I believe this will be the end of week 2 doing this for him.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Bounce on April 19, 2020, 09:55:09 am
It kinda sounds great but the work load is so much and the customers sometimes not very understanding.  I believe this will be the end of week 2 doing this for him.


BMW owners are often douches.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: nomagnashn on April 25, 2020, 09:05:59 am
I'm waiting for the new 2020 N1Ks to drop below $10k, then I'm going go pull the trigger.  There's a dealership in AR that has one for 10,400 so it's getting close!


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 25, 2020, 10:44:09 am

I'm waiting for the new 2020 N1Ks to drop below $10k, then I'm going go pull the trigger.  There's a dealership in AR that has one for 10,400 so it's getting close!



There are a couple of brand new 2019s in Texas for UNDER $9,000! That is their advertised price so you may be able to knock some off that.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: nomagnashn on April 25, 2020, 12:48:09 pm




There are a couple of brand new 2019s in Texas for UNDER $9,000! That is their advertised price so you may be able to knock some off that.


Yeah, I've been seeing those but I really want the 2020 model.  The factory cruise control is a big draw for me.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 25, 2020, 02:53:01 pm



Yeah, I've been seeing those but I really want the 2020 model.  The factory cruise control is a big draw for me.


Good point.

I have a $20 "go cruise" on my Bandit.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on April 25, 2020, 07:56:45 pm



Yeah, I've been seeing those but I really want the 2020 model.  The factory cruise control is a big draw for me.


Three years ago when I was looking for a day bike, I checked with my insurance agent on the three bikes on my radar screen. The Yamaha FZ1(new leftover), Ninja 1000 and Bandit 1250(new left over). He told me I didn't want the Ninja or FZ1. When he told me the insurance rates I agreed with him.


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: blackdeek2006 on May 06, 2020, 10:09:11 am
Finally managed to pick up my new ride!

(https://lh3.googleusercontent.com/zUB-0oWvQnwSn_LBV6Stw4MB36zkHzxSN-yHXWWKD6VdSLpuGpJC-b5qEzW2Gq3oDe-ZWvpEjL3u8YD_cpRqHpZYPtuMckNquBTGY4PaZkcgMHfDfdgSzi9lfWd16uIOXT6Kg6pphQx0-Af5Mqggo5tx3MwqiBXXCz8qr06BdVSS2M5kqgSqdqcfPDslXOPdyK4OcMwBT_KsHp4scDjdD1NpB_2ItHlm_PnIDWgH22pQr2_UE9cmXtUMlmlfWfp0Po7p8i5yrGrRSfnNHzau_T9DFRwFjrbJKItLZQsa0ldEHPk1krWbH03ZoYGpxW-pBPf8D825ne8mOP3-H6U3i5jVb-T6dby7LaqUVvJ6fMZ8d_xgoALlcrZl8OAkk8Zri8zzGDdLXLllzaFkWc7S4BodMvaRtU_RlIDRt_RuNBe8hBjbaqld8AQ26xNA7SKNIcMbQEB8_QsyPVBqBz9Ssm5wLuCMmpuQ55QCu9ms1w0PJq_Vr2BCp8X88eW8s_XAlZDgY2sbjMPa-Ig7n4TzDbeOjMDXWRybZgNIFldek2qCN_imwD7N_6fvlnK3MHoin9Gaqk0qsMQi2g5L2sljqg5xM_G0WPRxCJj14YbfefSgtv1RS4TLOT7vKUOntUNB4h_zxuotSYyv-ZfECyX3REEg3Km9PqlgeSP68XijS7a-dLTWP3EzA2EuDH9z=w759-h711-no)
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Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: rajflyboy on May 06, 2020, 02:02:02 pm
Very nice  :thumbsup:


Title: Re: Anyone going to buy new during this Coronavirus time?
Post by: Blue is Best on May 06, 2020, 06:02:10 pm
I can't see the picture?


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