Do I trade up?

[zooom]

congrats on it working out for you in selling the old bike and getting the new bike...a small nitpick or 2 I am going to point out to you FWIW, since other are hedging around it but not outright saying it...

MSRP =  Manufacturers Suggested Retail Price = what the manufacturer gives a dealer as a baseline reccomendation for what their product should be listed/sold for when NEW. MSRP has NOTHING to do with used value. You will almost ALWAYS take a loss on a new vehicle when reselling it, it is extremely rare to not lose money.

Used Trade In Value = what a dealer is willing to pay for to take a vehicle in, add for time and money put into it for to make it fully 100% ready for showroom presentation for resale, accounting for time that the vehicle will sit in inventory. This means the dealership owns the unit until resale, unlike a new bike, which is usually still owned by the factory or a bank that holds the note on the floor planning of that unit until it is sold, while the dealer pays the timed interest waiting for sale by having that unit as a part of their inventory. So they are essentially gambling with their financial assets on reselling the used unit for to recoup their investment. Hence why they only offer you 45-65% of value, based loosely on how much they think they may have to put into it and how fast they can resell it.

and on your wrists hurting...that sounds like you need to ride not leaning on your hands and rotate the controls so that when in motion your wrist is inline and not bent....and as far as windblast...well...it is  a naked bike, so it really kinda wasn't meant as a tourer, so you have to expect wind fatigue on long rides as a part of the package, otherwise you may have purchased the wrong kind of bike....kind of like using an awl to make a hole in something when a drill would work much better...just the wrong kind of tool for the job in terms of efficientcy.

[jvax]

congrats on it working out for you in selling the old bike and getting the new bike...a small nitpick or 2 I am going to point out to you FWIW, since other are hedging around it but not outright saying it...

Thanks for taking the time.

MSRP has NOTHING to do with used value.

I'm not so sure about that.

1. The MSRP is the absolute high limit that a used* bike can be resold at.  (* assuming the bike is kept as stock, no mods included, not a special collection item, and still currently manufactured.)

2. The MSRP, when widely discounted across the market, will drive down the used value.

You will almost ALWAYS take a loss on a new vehicle when reselling it, it is extremely rare to not lose money.

True, and the goal is always to minimize that loss, by exploring different resale options, i.e. trade-in vs private sales.

Used Trade In Value = what a dealer is willing to pay for to take a vehicle in, add for time and money put into it for to make it fully 100% ready for showroom presentation for resale, accounting for time that the vehicle will sit in inventory. This means the dealership owns the unit until resale, unlike a new bike, which is usually still owned by the factory or a bank that holds the note on the floor planning of that unit until it is sold, while the dealer pays the timed interest waiting for sale by having that unit as a part of their inventory. So they are essentially gambling with their financial assets on reselling the used unit for to recoup their investment. Hence why they only offer you 45-65% of value, based loosely on how much they think they may have to put into it and how fast they can resell it.

Yeap, this is how it is.  The trade in value is the lowest of the three values a used bike can have.

"Used resell value" < "Used private resell value" < "Used trade in value"

and on your wrists hurting...that sounds like you need to ride not leaning on your hands and rotate the controls so that when in motion your wrist is inline and not bent....and as far as windblast...well...it is  a naked bike, so it really kinda wasn't meant as a tourer, so you have to expect wind fatigue on long rides as a part of the package, otherwise you may have purchased the wrong kind of bike....kind of like using an awl to make a hole in something when a drill would work much better...just the wrong kind of tool for the job in terms of efficientcy.

Point well taken, but hey, don't get me wrong, the monster was the right bike for 75% of my riding needs and pleasure.  I just realized that I had invested in a brand new, new style monster and paid full sticker price, and only got 75% out of it in terms of experience, where I could have bought a used old style monster for a 1/3 of what I'd paid, and spared the rest towards the used multi that I'm getting.  It's a price that I paid to learn my lesson, plus it was my first bike and I bought it on my 30th birthday (I call it early mid life crisis!?), so I have absolutely no regrets whatsoever.

For wrist strain and wind blast, I could have modded the bike to work around those issues, by getting a windscreen, higher handlebars, softer seat etc, but it would have defeated the purpose of the monster being a naked bike.

I loved the monster so much that I'm already in the market for a cheap used old style model, like a 750 or 900, to learn to do maintenance work on it, mod it, ride it to work and around town etc.  The multi is for two-up weekend rides outside of town with the misses, solo crazy twisty rides with my buddies and for long trips.

[Monster Dave]

 

[zooom]

1. The MSRP is the absolute high limit that a used* bike can be resold at.  (* assuming the bike is kept as stock, no mods included, not a special collection item, and still currently manufactured.)

2. The MSRP, when widely discounted across the market, will drive down the used value.

MSRP is ONLY applied to a new unit. I have never heard of a manufacturer suggesting the sale or retail pricing of a used unit. NEVER. The market of resellers are whom dictate used vehicle values. Resellers are not manufacturers, so by right of simple logic, there is no Manufacturers[/i] Suggested Retail [/b]Price on a used unit.

For wrist strain and wind blast, I could have modded the bike to work around those issues, by getting a windscreen, higher handlebars, softer seat etc, but it would have defeated the purpose of the monster being a naked bike.

ummm..on my old 01 street Monster 900, I did exactly that...I put dirtbike bars ( which I later added barkbusters and in the cold season some wind deflectors), a Givi A750 windscreen ( which I later switched out for a Maier branded late 70's style Japanese Cafe bubble screen set-up) and a Sargent saddle and I put almost 30,000 miles on that bike. I had a Ventura rack set-up on it for stuff and then I replaced the Silmotor high mount exhaust for an Arrow carbon highmount exhaust which nicely put that bracketry all in line with it not looking out of place. It was still a naked bike that performed flawlessly on almost everyway I used it.


2nd bike from the left...I was 2-up with my GF on this ride.

I have the Gran Canyon now as a replacement for THAT bike(similar to the one pictured to the right of my bike above), but I had to give that bike to the ex-wife in property settlement. If I still had it, I suspect I would have somewhere in the 45-50K+ milage range on it and still going...