My dad offered to sell me both his 1985 Honda ATC350X and his 1986 Honda XR80R for $1000. He bought the three-wheeler about a year ago for $1500 and bought the dirt bike a little after that for $800. Both are in great shape cosmetically and both run great. He is just strapped for money right now after being layed off at work.
So, after Kelley Blue Booking the two machines, they have a retail value of a combined $1740 and a trade-in value of a combined $1035. The thing is, neither is retail obviously, but trade-in value isn't accurate because the dealers won't give you exactly what your bike is worth because of profit, reconditioning, etc. So, I'm guessing their value is somewhere in the middle and that this is a good deal, eh?
My dad says they both have a higher re-sale value than what he is giving me, but I have no idea if this is right.
What do you think?
So, after Kelley Blue Booking the two machines, they have a retail value of a combined $1740 and a trade-in value of a combined $1035. The thing is, neither is retail obviously, but trade-in value isn't accurate because the dealers won't give you exactly what your bike is worth because of profit, reconditioning, etc. So, I'm guessing their value is somewhere in the middle and that this is a good deal, eh?
My dad says they both have a higher re-sale value than what he is giving me, but I have no idea if this is right.
What do you think?
