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Old 06-12-2012, 09:18 PM
 
Location: Tennessee/Michigan
24,830 posts, read 30,096,446 times
Reputation: 15056
This owner of the motorcycle said that Progressive insurance said the motorcycle is worth 50,000 dollars. It's been insured for 50,000.
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Old 06-13-2012, 07:49 AM
 
Location: Hougary, Texberta
2,739 posts, read 4,691,162 times
Reputation: 2600
Quote:
Originally Posted by John1960 View Post
This owner of the motorcycle said that Progressive insurance said the motorcycle is worth 50,000 dollars. It's been insured for 50,000.
I'm sure it has. I guess the insurance agent would be happy to sell him a policy for a $100K bike with the premiums to match if he thought he could get away with it.

Write it off, and it's still an '08 Raider worth under $10K.
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Old 06-14-2012, 11:36 PM
 
2,800 posts, read 2,519,615 times
Reputation: 2640
Hate when people spend a bunch customizing and then try to pass the cost off onto the next guy.
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Old 07-16-2012, 08:48 PM
 
3,188 posts, read 1,382,311 times
Reputation: 1818
Quote:
Originally Posted by Dport7674 View Post
Hate when people spend a bunch customizing and then try to pass the cost off onto the next guy.
They do it with cars all the time. Used custom parts are not worth that much .I dont care what the guy who bought them says.25k for that bike? NO. Even if it were a Harley it wouldn't be worth that
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Old 07-17-2012, 02:22 AM
 
Location: Tennessee/Michigan
24,830 posts, read 30,096,446 times
Reputation: 15056
This friend is going to sell this motorcycle to his local Yamaha dealer. I just wonder how much money he will get?
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Old 07-20-2012, 05:35 AM
 
1,829 posts, read 1,359,012 times
Reputation: 2880
Quote:
Originally Posted by John1960 View Post
This friend is going to sell this motorcycle to his local Yamaha dealer. I just wonder how much money he will get?
Not to be negative, but he is going to be severely disappointed.
If he were to get 17,000, I would be truly shocked. I've been riding-horse trading motorcycles for 40 years and there are only a few bikes that will get anywhere near what you paid for them or more. Yamaha is not one of them unless maybe it is an old RD400
It is my hope that you will post back and tell me Im wrong after he sells it, though

Good luck
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Old 07-20-2012, 06:10 AM
 
Location: Tennessee/Michigan
24,830 posts, read 30,096,446 times
Reputation: 15056
His local Yamaha dealer told him a used 08 Raider sells for 9,000 dollars and he doesn't know if he is going to sell it now. Will have to wait and see.
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Old 07-23-2012, 09:08 PM
 
17 posts, read 37,129 times
Reputation: 15
Keep us posted
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Old 07-24-2012, 05:11 PM
 
Location: Peoples Republic of Cali
9,556 posts, read 4,625,014 times
Reputation: 5340
Quote:
Originally Posted by thunderkat59 View Post
. Yamaha is not one of them unless maybe it is an old RD400

Had a 1978 RD400....First street bike, lots of fun.. actually had one drive by me a few weeks back, don't get to hear the 2-strokes much anymore, not even in the dirt......
oh and I would'nt give 9k for the bike in question, but that's my money not yours.
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Old 08-03-2012, 08:23 AM
 
31 posts, read 20,041 times
Reputation: 45
While it is a nice bike, and mildly customized, it is certainly not worth $25,000. My son just purchased a 2010 Raider S, heavily customized, with low miles, for $9,000.00.

Not sure what the seller of this bike thinks he has.
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