Join Date: Sep 2010
Location: Missoula, Montana, USA
Re: Thinking of Selling, But How Much?
I have been following this issue for years, having owned my LT for about 13 and having decided to let it go. Heres what I know. The later model bikes are really hard to sell because of the weight and the maintenance issues endemic to all the bikes. ( For example replacing the shocks was quoted at 2100.00 yesterday at the dealer. They are a bearcat to work on and unless you know the guy or give some sort of your own kind of warranty, ( bring it back within a week and Ill return most of your money) The earlier model bikes suffer from the same exact problem but their value is fundamentally less. My 2000 is basically worthless although in excellent condition with 73k. So I think they sell for reasonable money only to people who actually know you. I think they move to other bikes ( BMW owners can afford 10 grand) so I would actually suggest you go to a dealer and see what they will give you in trade. It won't be much more than 4 if that. Its an older mans bike with reliability issues on all sorts of things and to make repairs is basically 2 grand for anything.
I think its a mindset. I want my bike to go to someone who will use it and I want them to have a good deal and to move on. I also want it gone and at its value, there are no real trades. No one wants to trade it in or up.
So I think its worth what it is to you and if you sell, and its about getting more than 4 grand, it will be a while. I watch them closely and I see the units asking more than 4, on the same sites forever. If you can take a trade or want something different, then you can go retail to retail but I have found no one wants my LT on trade, at all... much less at the money. The Honda is more reliable and sells for more money and there is a real precise owners group. I think with LTs, they are worth what they sell for and that usually isn't close to what one is asking. So in my opinion, 4 grand real money and most owners will just keep it for that. Ask a dealer what they will buy it for and you will see what its worth real money.
One mans opinion but most used LTs seem to sell mostly as parts bikes to make owning the one you have affordable. I love the bikes, know how to do most maintenance on them and own a lift... but the idiots who designed them should be shot. The idiots who sell parts for them ( shocks ) for example don't seem to care as they are old stock and already built and paid for. I have to take off my center and side stand to swap tranny fluid for example. You have to pull off the console to replace speakers, the bike is designed so owning a lift is the main way to do any maintenance. They use random attachment methods for the same repair, torx phillips and hex heads. Your bike is 10 years old and thus a maintenance concern for the new buyer. The rubber brake lines are ready to burst on their own, 600 for stainless steel replacements with labor.
So, I would price it so the next guy would buy it and use it. Leave a lot of meat on the bone or keep it since you know its history.