LT Prices??? - BMW Luxury Touring Community
 
LinkBack Thread Tools Display Modes
post #1 of 21 Old Jul 28th, 2009, 6:54 pm Thread Starter
Senior Member
 
bflemingor's Avatar
 
Join Date: Oct 2006
Location: Tualatin, OR, USA
Posts: 495
LT Prices???

I've been overseas on a business trip & have come back to see '05 LTs for $10.5 - an ;08 for $15?? What gives?
bflemingor is offline  
Sponsored Links
Advertisement
 
post #2 of 21 Old Jul 28th, 2009, 8:08 pm
LAF
Lifetime Supporter
 
LAF's Avatar
 
Join Date: Jul 2007
Location: Harrisburg , PA, USA
Posts: 2,989
Re: LT Prices???

The Economy?

I seem to have lost about $6000 over my two years of ownership.

Lee
17.5 R1200 GSW Black Low
15 R1200 RTLC San Marino Blue Metallic (Sold)
10 Liquid Silver FJR1300 (Sold)
O7 Biarritz Blue Metallic LT (Totaled 2010)
ATGATT I am breathing proof.
BMW MOA #135959
LAF is online now  
post #3 of 21 Old Jul 28th, 2009, 9:51 pm
Member
 
Join Date: Nov 2008
Location: tuscumbia, alabama, USA
Posts: 83
Re: LT Prices???

Back when I started looking for a touring bike the LT was @ the top of my list, and after seeing the prices that just sealed the deal.
bamarider is offline  
 
post #4 of 21 Old Jul 29th, 2009, 1:46 pm
Member
 
kaswahn's Avatar
 
Join Date: Dec 2008
Location: Prairie Dog Heaven, CO, USA
Posts: 46
Re: LT Prices???

LTs have a comparably bad resale value. Always had.

The Universe is expanding at 74.2 km/sec/Mpc.
kaswahn is offline  
post #5 of 21 Old Jul 29th, 2009, 2:08 pm Thread Starter
Senior Member
 
bflemingor's Avatar
 
Join Date: Oct 2006
Location: Tualatin, OR, USA
Posts: 495
Re: LT Prices???

One would still think that, given the $22K new price tag - not including farkles, we could expect 30% t0 40% over 5 years, rather than 50% in 4 years... this change has happened over this summer.

I guess the economy is worse than I expected....
bflemingor is offline  
post #6 of 21 Old Jul 29th, 2009, 4:33 pm
Senior Member
 
MattKas's Avatar
 
Join Date: Apr 2004
Location: San Clemente, CA, USA
Posts: 1,185
Re: LT Prices???

I bet, now you are back, the prices will go up again :-)

Quote:
Originally Posted by bflemingor
I've been overseas on a business trip & have come back to see '05 LTs for $10.5 - an ;08 for $15?? What gives?

Matt Kas

13 Triumph Trophy SE Lunar Silver
12 Suzuki Burgman 650 Executive Pearl White

Laguna Niguel, Southern California (South Orange County)
"Riding Year around"

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
MattKas is offline  
post #7 of 21 Old Jul 29th, 2009, 5:39 pm
Senior Member
 
Join Date: May 2008
Location: New York, NY, USA
Posts: 475
Re: LT Prices???

Resale prices have always been crappy on the LT. Maybe a little more crappy with the economy like this.

02 LT
Caveno is offline  
post #8 of 21 Old Jul 30th, 2009, 3:35 pm Thread Starter
Senior Member
 
bflemingor's Avatar
 
Join Date: Oct 2006
Location: Tualatin, OR, USA
Posts: 495
Re: LT Prices???

So, if the exhaust sounded more like "potato-potato" the price would go up??
bflemingor is offline  
post #9 of 21 Old Jul 30th, 2009, 6:26 pm
Senior Member
 
hallzee's Avatar
 
Join Date: Mar 2006
Location: Gold Country, CA, USA
Posts: 2,571
Re: LT Prices???

I was as happy as a clam when I bought mine with only 9,500 miles, and only 4 years old - for $11,000.00. That was almost 3-1/2 years ago, so I'd say that low resale isn't a "new" problem.

Brian
CCR: 2008, Midway; 2011, Boise; 2012, Duluth; 2014, Chattanooga. MOA: Billings, 2015; SLC, 2017
CCR-R: 2018, Russellville
'13 K1600 GTL-P - "Eva"
Sold but "beloved" ride: K12 LT - "Pepe"
IBA #31242 (SSx2, BB, BBG)
MOA #136148

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
-
hallzee is offline  
post #10 of 21 Old Jul 30th, 2009, 6:34 pm
Senior Member
 
mwnahas's Avatar
 
Join Date: Dec 2004
Location: Bedford Hts, OH, USA
Posts: 4,218
Re: LT Prices???

Quote:
Originally Posted by hallzee
I was as happy as a clam when I bought mine with only 9,500 miles, and only 4 years old - for $11,000.00. That was almost 3-1/2 years ago, so I'd say that low resale isn't a "new" problem.

Me too I bought a 2 yo with warrenty left and only 1300 miles on it for $11,500.

Just Go
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Mike
Cleveland Ohio
2019 K1600b Grand America, Blue Max.
mwnahas is offline  
post #11 of 21 Old Jul 30th, 2009, 7:19 pm
Senior Member
 
wa1200lt's Avatar
 
Join Date: Apr 2009
Location: Vancouver, WA, USA
Posts: 2,745
Re: LT Prices???

As I've mentioned before some of us owe a huge debt of gratitude to those of you who are able to purchase new models. It is this rapid depreciation that makes them affordable to those of us who would otherwise never be able to afford one. We would be riding Hyundais (Hondas) instead of Beemers!

Do these bikes depreciate as rapidly in the rest of the world or is this a US phenomenon?

I also wonder if part of the reason they depreciate so much is because of the rap they get on sites like this for final drive failures etc. Not saying these issues shouldn't be brought up but when I was looking for one I almost changed my mind as it SEEMED at the time that nearly all of these fine bikes suffer from FD failure. You read 4% failure rate but after reading the accounts it feels like 110% failure rate.

I believe others who are considering LT's feel the same way after reading their posts. Fortunately for me one of the members put it in perspective and I went ahead with the purchase. The odds are 25 to 1 that you will be fine and the repair isn't $1500 - $3000. I'll take those odds anyday if it means I get to ride an LT! There are used replacements available (RIP BeerBurner) and the replacement parts are only a couple hundred bucks from BMW.

Not sayin that these issues aren't valid but just wondering if this might have something to do with the resale values.

Thanks again to whoever took the new bike hit for me.

Loren

WAK1200LT
Loren

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Cave quid dicis, quando, et cui
wa1200lt is offline  
post #12 of 21 Old Jul 30th, 2009, 10:39 pm
Senior Member
 
Florian's Avatar
 
Join Date: Jun 2006
Location: North Coast, OH , USA
Posts: 1,165
Re: LT Prices???

to get those prices the bikes have to be for sale...I think you should thank the short timers who bail on these wonderful machines before the LTs ever reach their prime.

F

BMWMOA
12 GTL
Florian is offline  
post #13 of 21 Old Jul 30th, 2009, 11:13 pm
cws
Senior Member
 
cws's Avatar
 
Join Date: Aug 2005
Location: Sydney, NSW, Australia
Posts: 3,183
Garage
Re: LT Prices???

Quote:
Originally Posted by wa1200lt
Do these bikes depreciate as rapidly in the rest of the world or is this a US phenomenon?
Lets see if this link works..

Several 2003's at Au$18-19k, a 1999 at Au$16k...

In Oz we buy new at ~ $35k - $42k depending on the accessories.
Our $$ (goes up and down a bit) is at around US$0.82 at the moment....

Bring it over for a holiday, leave it here for 12 months then sell it (if you can still do that).. you might just make some money if our $$ stays up...

Chris
Sydney, NSW
2005 Dark Graphite Metallic K1200LT
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

2005 Orient Blue Metallic K1200GT SE
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
(sold 2019)
2000 Red Honda CB250 (the toy)
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

Ulysses #45310
GS911


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

cws is offline  
post #14 of 21 Old Jul 31st, 2009, 11:10 am
Senior Member
 
Join Date: May 2008
Location: New York, NY, USA
Posts: 475
Re: LT Prices???

Most motorcycles don't hold there values that well. Comparing the LT to the Goldwing, the Goldwing has much better resale value, and they have a lower MSRP.

The LT doesn't hold it's value I think for the following reasons -

1) It's still relatively new in the US, and it's not known whether BMW will even come out with a new model, plus it doesn't have the name that a Goldwing has.

2) BMW dealears are few and far between, where Honda dealers are all over the place.

3) BMW doesn't focus as hard on there motorcycles as Honda. Honda started out making motorcycles and never forgot their history.

4) There are quality problems on these bikes that you will never see on the Goldwing. I'm a huge BMW fan and I think they make great motorcycles, but sometimes I think they just don't put the same effort as they do in there cars.

Some examples of #4 -
They still continue to use the diconnects on the fuel line that are known to leak. It's not a big deal to change, but something like a $3 diconnect can disable your bike on a road trip. BMW should have recalled the disconnect and use something of higher quality.

The throttle cables get stiff and break - this went on 1999-2003. 4 years! Throttle cables are not exactly difficult to engineer, how could they have messed it up and let it go on for 4 years? I don't think Honda would have neglected that.

Final drive failures on most of their models? Even 4% is high. I know the older ones are more likely to fail, but you still here of 2008's failing from time to time. It should not take almost a decade to make a better final drive.

I love my LT and would buy another one in a second because they're great bikes, but they require a little more TLC. I'm ok with that, it annoys me, but I'm ok with it! I think that extra TLC is reflected in the resale value.

02 LT
Caveno is offline  
post #15 of 21 Old Jul 31st, 2009, 12:25 pm
LAF
Lifetime Supporter
 
LAF's Avatar
 
Join Date: Jul 2007
Location: Harrisburg , PA, USA
Posts: 2,989
Re: LT Prices???

I paid for new as I wanted a keeper of known history. I also for some reason felt an 07 was a good year to buy because it was 2+ years after the 05 changes.

If I was looking now no doubt about used. As said 07 and 08 are going off at 15,000-16,000.

I am in so far financially on this bike I must run it till it dies

When I consider what I paid, add in a Spare virgin FD, all Corbin Seats/Backrests, Complete Hyper Pro suspension, J-Pegs, The Cee-Bailey, The Centec fuse block, The BMR shelf, Extra rear brake light, Rear rack brake light modulator, Moto Lights, Lowering peg mounts, Extended brake/shifter, Doran TPI, Bag/Trunk liners, Side stand base extender, Fix It Before It Breaks trunk latch, QD fuel lines, Grip Puppies, and anything else I may have forgotten, NO way can I sell, or for that matter, want to at this point in my life.

I wait with baited breath on a new one, but would not jump in until they were 2 or 3 years into the model anyway. And then only if they addressed some of the issues that seem to keep coming up.

Lee
17.5 R1200 GSW Black Low
15 R1200 RTLC San Marino Blue Metallic (Sold)
10 Liquid Silver FJR1300 (Sold)
O7 Biarritz Blue Metallic LT (Totaled 2010)
ATGATT I am breathing proof.
BMW MOA #135959
LAF is online now  
post #16 of 21 Old Jul 31st, 2009, 1:59 pm
Senior Member
 
Join Date: Mar 2006
Location: Bellevue, Washington, USA
Posts: 120
Re: LT Prices???

In January I leased a 2008 BMW 750i fully loaded. The window sticker priced the car at 88,000.00. Because the 7 series was re-designed for 2009, the dealer dropped the price to 71,000.00. My lease is for 36 months. The residual value of the car is 44,000.00. So, even with expensive luxury cars, the depreciation in this economy is significant after three years.

In 2008 I bought my 2005 LT with 24K on it after the previous owner had all services done for 12K through the dealer. The bike sold new for over 21K. So, I think the best way to buy an LT is used after someone else takes the depreciation hit. In my neck of the woods here in the Seattle area, there are very few LT's for sale. I think people who own them tend to keep them. It is a tremendous machine!!
scout70 is offline  
post #17 of 21 Old Jul 31st, 2009, 2:08 pm
Senior Member
 
Join Date: Mar 2005
Location: Palma de Mallorca
Posts: 1,985
Re: LT Prices???

Here are some used bikes for sale in Spain. € 10.000 = $ 14.250

http://www.segundamano.es/clasificad...&th=1&w=3&sp=1
simoncharles is offline  
post #18 of 21 Old Jul 31st, 2009, 3:40 pm
Senior Member
 
Join Date: Oct 2003
Location: , ,
Posts: 287
Re: LT Prices???

Why buy new when used will do!
Spenceer is offline  
post #19 of 21 Old Aug 2nd, 2009, 12:54 pm
Senior Member
 
tonygret's Avatar
 
Join Date: May 2008
Location: Thousand Oaks, California, USA
Posts: 407
Re: LT Prices???

I bought my 2005 LT with lots of farkles and 7K on her for $15.5K a little over one year ago. Put about anohter 1500.00 in farkels and service. Not including the sales tax on the purchase I am in it over $17K.

Kelley blue book retail value as of today:
$13,500.00

Kelley blue wholesale value as of today:
$9,670.00

I have seen these things really have very poor resale value. Even a used one lost over 40% of it's trade value (to me) in one year. Using this formula you should be able to pick up a 2002 or older LT for free.
tonygret is offline  
post #20 of 21 Old Aug 2nd, 2009, 5:14 pm
Senior Member
 
casualemt's Avatar
 
Join Date: Jun 2009
Location: Oak Harbor, WA, USA
Posts: 676
Re: LT Prices???

Quote:
Originally Posted by tonygret
I bought my 2005 LT with lots of farkles and 7K on her for $15.5K a little over one year ago. Put about anohter 1500.00 in farkels and service. Not including the sales tax on the purchase I am in it over $17K.

Kelley blue book retail value as of today:
$13,500.00

Kelley blue wholesale value as of today:
$9,670.00

I have seen these things really have very poor resale value. Even a used one lost over 40% of it's trade value (to me) in one year. Using this formula you should be able to pick up a 2002 or older LT for free.

I did! $4100 for a 2000 LT with only 17K on it.....I did shy away from BMW because of the lack of dealers, and parts costs, but at this price, I had to JUMP on this bike. What I didn't know about when I bought it was the incredible resource available through this website. I do not feel alone, or hung out to dry if I have some type of issue with my LT, and am already performing the maintenance on it myself because of this support....Oh yea, and because the dealer is 90 miles away, and wants an arm and a leg for his services......I am sorry for everyone that has a large investment in their bikes, but I am very happy that I was able to afford one on the limited budget I had for my motorcycle purchase......actually I'm beyond very happy, I am giddy at every opportunity I have to ride this incredible machine.. Thanks to all who make this site what it is...

RICH CANNON
2000 K1200LT "a great ride"
2002 GL1800 powerful, but boring..(gone)
1979 XS1100 (gone)
1986 VT500 Ascot (gone)
1972 Honda 500-4 (gone)
1961 Lambretta (way gone)
1962 Allstate Compact (gone but not forgotten)
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
casualemt is offline  
post #21 of 21 Old Aug 2nd, 2009, 7:48 pm
Member
 
Join Date: Aug 2007
Location: Las Vegas, NV, USA
Posts: 67
Re: LT Prices???

I saw a beautiful black 2008 LT last February with only 12,000 km at Cordasco Motohaus BMW dealer for $30,000 US (Buenos Aires) Thats sure not the way I want used LT prices to go
grantkapteyn is offline  
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the BMW Luxury Touring Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Similar Threads
Thread Thread Starter Forum Replies Last Post
New 2008 BMW K1200LT Prices EastTexasRider K1200LT 18 Jun 3rd, 2008 11:58 pm
Tire prices!! Fountain Tires 9 Apr 25th, 2008 5:45 pm
Good Idea for lowering gas prices BikerBob K1200LT 26 Apr 4th, 2008 7:22 pm
Gas prices in your area? garry_kramer Bike Talk 21 Aug 6th, 2006 8:18 pm

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome