Hummingbird Posted November 29, 2010 #1 Posted November 29, 2010 I need some input from the Harley guys here. I've been offered a 1988 Ultra Classic as trade for an item I have for sale. It appears to be in good cosmetic condition but I have no solid experience with Harleys. This would be strictly for turn over. I really don't have any desire to own a Harley except for profit. I guess I need to know whether this bike has any mechanical flaws and if it has a viable value this coming spring and what that value 'might' be. Thanks
Squidley Posted November 29, 2010 #2 Posted November 29, 2010 (edited) Dick, What is the item of trade that you have worth? Obviously if your going to flip it I'd personally want to make about 40% minimum to make it worth my while and aggrivation. As far as it's worth go to NADA and get a rough idea of what the resale value is on it. Another good barometer is ebay and see what similar ones have sold for recently Here's a 1990 without a windshield that went for $4200 http://cgi.ebay.com/ebaymotors/1990-Harley-Davidson-FLHTC-ULTRA-CLASSIC-/160505344962?pt=US_motorcycles&hash=item255edd33c2 Edited November 29, 2010 by Squidley
ediddy Posted November 29, 2010 #3 Posted November 29, 2010 I'd be careful. The used harley market is flooded right now and it is a buyers market.
Hummingbird Posted November 29, 2010 Author #4 Posted November 29, 2010 I'd be careful. The used harley market is flooded right now and it is a buyers market. That's pretty much my thoughts
Hummingbird Posted November 29, 2010 Author #5 Posted November 29, 2010 Dick, What is the item of trade that you have worth? Obviously if your going to flip it I'd personally want to make about 40% minimum to make it worth my while and aggrivation. As far as it's worth go to NADA and get a rough idea of what the resale value is on it. Another good barometer is ebay and see what similar ones have sold for recently Here's a 1990 without a windshield that went for $4200 http://cgi.ebay.com/ebaymotors/1990-Harley-Davidson-FLHTC-ULTRA-CLASSIC-/160505344962?pt=US_motorcycles&hash=item255edd33c2 In his first contact with me, he claims his Classic # 482 will go for about $12,500 in the spring. He's from Pa and the riding season is over for us. The $12,500 figure is nearly 3 time my face value of the boat I have for sale - looks good on paper but then so does some of the stuff coming out of DC !!
rentalguy1 Posted November 29, 2010 #6 Posted November 29, 2010 In his first contact with me, he claims his Classic # 482 will go for about $12,500 in the spring. He's from Pa and the riding season is over for us. The $12,500 figure is nearly 3 time my face value of the boat I have for sale - looks good on paper but then so does some of the stuff coming out of DC !! His price seems right for the area, but he will have to sit on it and possibly wait months or longer to get that much. I agree that the used HD market is completely flooded now and for the foreseeable future.
etcswjoe Posted November 29, 2010 #7 Posted November 29, 2010 Of all the ones I could find the price was less than 10K.
coy55boy Posted November 29, 2010 #8 Posted November 29, 2010 Another good source for pricing is Craigslist. You can do a search for all of Craigslist (instead of 1 city at a time) by doing a global search. Go to Google and type in 84 Harley (or whatever) followed by a space and then site:craigslist.org
GeorgeS Posted November 29, 2010 #9 Posted November 29, 2010 The market is flooded with used bikes, all brands. Be carefull here, I know you can pick up some very good low milage used Harleys even in the Los Angeles market for about 6 to 9 K. How many miles on it ? Unless its something special, I would not go over 8K at the most.
thughes Posted November 29, 2010 #10 Posted November 29, 2010 (edited) 12.5K for an '88? Hmmm........ here's a 2000 (14K miles) for 12,500: item # 200548631534 and a 2001 (24K miles) for 12,500: item # 270671441938 and a 2001 (20K miles) for 11,400: item # 370457563722 even a 2005 (33K miles) for 12,000: item # 120650931684 etc, etc, etc.......you get the point. I looked at a nice 1998 this past Spring with 70K on it and they were asking $6000.00 (at a dealer, no less). I'm no expert but in my neck of the woods the going price on an '88 ultra is going to be @4-5000.00. Edited November 29, 2010 by thughes
Hummingbird Posted November 29, 2010 Author #11 Posted November 29, 2010 this one is supposed to be SPECIAL - like I said earlier, I'm no Harley expert
Solodadof2 Posted November 29, 2010 #12 Posted November 29, 2010 My take is if you do not know much or anything about it let him sell it and bring you cash. does he have maintenance records? is he the original owner? has he had the top end rebuilt? This isn't built like the Harley's of today and would need alot of maintenance. You would have to be a really harley nut looking for this bike to spend 10K for it and most banks will not finance something this old leaving you cash only buyers. Not a good trade!
thughes Posted November 29, 2010 #13 Posted November 29, 2010 this one is supposed to be SPECIAL - like I said earlier, I'm no Harley expert I don't mean to put anybody down, and I'm sure some folks find this to be a "special" bike, but other than a commemorative insignia and paint job the reality is that it's just a 23 year old Electra Glide.
frogmaster Posted November 29, 2010 #14 Posted November 29, 2010 I don't mean to put anybody down, and I'm sure some folks find this to be a "special" bike, but other than a commemorative insignia and paint job the reality is that it's just a 23 year old Electra Glide. If you talk to any HD Owner they all are "Special". We call it the HD Mystique also known a Marketing Magic or the "HD BUG" as they say in the Asia... LOL. I agree this is a 23 year old HD and this guy still believes in the Resale Factor yet another myth all of which has now been solidified in the recent Economy called Back to Basics folks. Unless you are an expert in this field I would stay away and get a good nights sleep.
thughes Posted November 29, 2010 #15 Posted November 29, 2010 If you talk to any HD Owner they all are "Special". We call it the HD Mystique also known a Marketing Magic or the "HD BUG" as they say in the Asia... LOL. I agree this is a 23 year old HD and this guy still believes in the Resale Factor yet another myth all of which has now been solidified in the recent Economy called Back to Basics folks. Unless you are an expert in this field I would stay away and get a good nights sleep. Don't get me wrong, I respect HD and those that ride/own them. I've got a '79 XLH in my stable, all original (including the stock Siamese 2>1
Hummingbird Posted November 29, 2010 Author #16 Posted November 29, 2010 Thats why I came here looking - I forgot about having to rebuild them after 40 or 50k - I really didn't want it anyway
Redneck Posted November 30, 2010 #17 Posted November 30, 2010 Thats why I came here looking - I forgot about having to rebuild them after 40 or 50k - I really didn't want it anywayThat 1340 evo engine will easily run over 100k if it is taken care of. You can bank on 5k for it next summer.
Beau-Kat Posted November 30, 2010 #18 Posted November 30, 2010 Well, I like Harleys just fine (actually, I really like some models quite a bit), but do usually prefer Yamahas. The problem I have with HD is all of the the Special Anniversary bikes. I think HD over-uses that way too much. My 2003 Sportster is a good enough bike. It is an anniversary bike, a 100th anniversary bike. Now that makes a little sense to me to have a 100th anniversary moniker. But, it still won't sell for anymore than a non anniversary 2002 or 2004 model. But HD seems to have an anniversary special every 5 years. To me, having an anniversary model that often is just dumb. That just takes the "special" right out of it. To some folks, I guess, that marketing must be effective enough to separate them from their money.
davecb Posted November 30, 2010 #19 Posted November 30, 2010 I don't mean to put anybody down, and I'm sure some folks find this to be a "special" bike, but other than a commemorative insignia and paint job the reality is that it's just a 23 year old Electra Glide. Yup, i wouldn't take the trade. If it has never been rebuilt, it will need to be. I think this gut knows what is worth, or what he can't sell it for, so he is trying to get over on you. Harley or not..I wouldn't do it. Now, if it was an old Triumph, BSA or Norton in great condition...Inna Heartbeat...
Hummingbird Posted November 30, 2010 Author #20 Posted November 30, 2010 Yup, i wouldn't take the trade. If it has never been rebuilt, it will need to be. I think this gut knows what is worth, or what he can't sell it for, so he is trying to get over on you. Harley or not..I wouldn't do it. Now, if it was an old Triumph, BSA or Norton in great condition...Inna Heartbeat... YEAH - had it been one of those 3, I'da been draggin' my boat to him
eazyduzzit Posted November 30, 2010 #21 Posted November 30, 2010 I just bought an Ultra a couple of months ago. The market might be flooded, but it's still hard to find any Harley (except a Sportster) below $8000. I looked on Craigslist daily in TN. and surrounding states for a while before I found one that I thought was a good deal. I think even an 88 model would go close to $8000 if it's in good shape.
Hummingbird Posted November 30, 2010 Author #22 Posted November 30, 2010 I just bought an Ultra a couple of months ago. The market might be flooded, but it's still hard to find any Harley (except a Sportster) below $8000. I looked on Craigslist daily in TN. and surrounding states for a while before I found one that I thought was a good deal. I think even an 88 model would go close to $8000 if it's in good shape. If the picture he sent me is current, it's a pretty good lookin' bike
Guest Tinman Posted November 30, 2010 #23 Posted November 30, 2010 I just sold my 2000 XLCH 1200 Custom with lots of extras for 2,980.00 The market for Harley has been ageing baby-boomers (like me!) but that market is fast getting too old to ride. Too many Ultras are getting put on the market to support the supposed re-sale value. I'm with you - I wish it had been a Norton Commando!!
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