Typical retail in my area for that bike is $5900 for the 2018 with ABS, and slightly higher ($6300) for the 2017. Don't start haggling at retail, or you will make a memorable regret purchase. Start the negotiation well below retail, with a snapshot of the book value of the bike as your ammunition. Be prepared to walk if they think that somehow their bike is worth $1K more than retail for the bike. Trade in (what a dealer will give them on trade) is a good $2K lower than retail.
One other consideration is that a brand new 2024 Honda CBR500 with ZERO miles is only $7300. I think that only a fool would buy a used bike with the price of a new bike! I would personally offer them $5k initially, and then not go over $5200 for a final price.
I bought a 2017 ABS when it was brand new for 6500$ CAD... MSRP is 8.5k CAD now. Pretty fucked
I see 2017s sell for 5500k CAD in my area. You see them for 4500 occasionally.
Typical retail in my area for that bike is $5900 for the 2018 with ABS, and slightly higher ($6300) for the 2017. Don't start haggling at retail, or you will make a memorable regret purchase. Start the negotiation well below retail, with a snapshot of the book value of the bike as your ammunition. Be prepared to walk if they think that somehow their bike is worth $1K more than retail for the bike. Trade in (what a dealer will give them on trade) is a good $2K lower than retail. One other consideration is that a brand new 2024 Honda CBR500 with ZERO miles is only $7300. I think that only a fool would buy a used bike with the price of a new bike! I would personally offer them $5k initially, and then not go over $5200 for a final price.
Great advice! Thanks for the insight
LMAO. Dude. A brand new CBR500 costs 7 grand. None of these.
A new cbr500 is over 9k so no.
I bought a 2017 ABS when it was brand new for 6500$ CAD... MSRP is 8.5k CAD now. Pretty fucked I see 2017s sell for 5500k CAD in my area. You see them for 4500 occasionally.
Literally…
If a new one is that price, it's a no brainer, especially with a warranty.
Both are overpriced. I saw a 2017 cb500r and in Toronto listed for $4.7k and it had 7k kms and in great condition
Imo, stay away, too pricey for what you’re getting. Most people don’t keep the smaller cc bikes very long
None of these. I purchased a 2023 Honda CBR500R this month for less than these from a Dealer with tax, title, and license.
These are both terrible deals
None.
Both are ripping you off