|
|
Post by earthman on Jun 5, 2020 21:36:22 GMT 1
|
|
|
|
Post by gazzatt2 on Jun 5, 2020 22:15:03 GMT 1
too dear
|
|
|
|
Post by veg on Jun 5, 2020 22:17:46 GMT 1
Struggling to see the value here 10k tops
|
|
|
|
Post by Yogi on Jun 5, 2020 22:28:04 GMT 1
I’d love to have my IT465 back,proper bike 👌
|
|
|
|
Post by veg on Jun 5, 2020 22:34:07 GMT 1
Struggling to see the value here 10k tops You still wouldn’t ride it though! |
|
|
|
Post by tipfinchy on Jun 5, 2020 23:15:20 GMT 1
I’d love to have my IT465 back,proper bike 👌 loved mine too , was also lucky enough to have owned a IT175j as well both Huge fun mart |
|
|
|
Post by icarus001 on Jun 6, 2020 4:34:10 GMT 1
I think he must have bought them under the common misconception that they're "better than money in the bank" and now he's trying to recover what he's spent on them.
I was looking at a picture of my little collection the other day and working out what I'd get for them versus what I've spent on them, the difference is just about five figures in the red.
It's a good job I don't own them as investments.
|
|
|
|
Post by cbm on Jun 6, 2020 6:11:40 GMT 1
I’d love to have my IT465 back,proper bike 👌 A mate had one back in the day and whenever I rode it I felt it was always trying to kill me, great fun though  |
|
|
|
Post by earthman on Jun 6, 2020 9:20:09 GMT 1
I think he must have bought them under the common misconception that they're "better than money in the bank" and now he's trying to recover what he's spent on them. I was looking at a picture of my little collection the other day and working out what I'd get for them versus what I've spent on them, the difference is just about five figures in the red. It's a good job I don't own them as investments. This is why I wonder how do such small independent 'classic bike dealerships' make it work as a business. I guess it's down to each bike having a way over the top price tag and relying on a sucker coming along every once in a while and stumping up that amount of cash?? |
|
|
|
Post by veg on Jun 6, 2020 10:00:33 GMT 1
Simple economics buy cheap sell expensive, these bikes are still available if you know where to look although these other markets are switching on to the values.
Then there are desperate sellers esp at this juncture say you’ve been in lockdown for couple of months, been furloughed? Need some cash? It also works the other way round though, mate has just bought a 911 turbo and got it v cheap as the specialist dealer need the cash.
|
|
|
|
Post by icarus001 on Jun 6, 2020 10:28:36 GMT 1
This is why I wonder how do such small independent 'classic bike dealerships' make it work as a business. I guess it's down to each bike having a way over the top price tag and relying on a sucker coming along every once in a while and stumping up that amount of cash?? I think most (perhaps all) have other means of income and aren't relying on regular cash flow from bike sales, so they'll pick up bikes at low prices when they become available, then it costs them nothing to stick them at the back of the shop and just hold them until someone comes along with the right amount of money. I know a couple that sell maybe no more than half a dozen classic bikes a year, probably making 2-3 grand on each one, but in the background they've also got other means of income - in fact I think it's half hobby for them. And as Veg says there are always desperate people looking to sell something, and if no one else is buying then it's opportunists that pick them up for cheap, then hold onto them and punt them back out at a higher cost. |
|
|
|
Post by veg on Jun 6, 2020 10:51:25 GMT 1
The other thing is if you sell less than 12 a year you aren’t deemed to be a business so no tax to pay on the profit. Win win for small part time sellers.
|
|
|
|
Post by earthman on Jun 6, 2020 13:00:37 GMT 1
The other thing is if you sell less than 12 a year you aren’t deemed to be a business so no tax to pay on the profit. Win win for small part time sellers. That's interesting, does that 12 number go for any type of vehicle then, no matter what the cost? Surely not I'm guessing?? |
|
|
|
Post by lolly on Jun 6, 2020 18:00:17 GMT 1
I’d love to have my IT465 back,proper bike 👌 i had one in the late 80s , did a few enduros on it , I was 8 stone wringing wet , don't know how I managed to start it , couldn't do it now |
|
|
|
Post by veg on Jun 6, 2020 18:34:51 GMT 1
The other thing is if you sell less than 12 a year you aren’t deemed to be a business so no tax to pay on the profit. Win win for small part time sellers. That's interesting, does that 12 number go for any type of vehicle then, no matter what the cost? Surely not I'm guessing?? Unless it’s changed in last few years it didn’t matter if they were Ferrari’s or fords, hondas or heskeths. Most vehicles generally don’t have enough profit to make a living out of if it’s less than 12 I guess was the thinking. |
|
