2009 LT, 2k miles....worth? - BMW Luxury Touring Community
 
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post #1 of 8 Old Jul 21st, 2010, 10:56 pm Thread Starter
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Question 2009 LT, 2k miles....worth?

I don't want to sell, but I may need to in order to have enough cash down to buy a house (lenders want a lot more down than they did in years past - even with an 813 credit score) so I have to consider selling the LT. I paid cash for her 1 year ago. Have only put a couple thousand miles on her. Kelly Blue Book says $18k. Been looking at comps on CycleTrader and eBay as well.

Thought I'd toss it out here to see what you guys thought.

Scott

In the garage:
'12 K1600 GTL (took delivery 5/25)
'12 Ducati Monster EVO 1100
'08 Big Dog Pitbull
'79 Honda CX 500 Deluxe (restored)

Past:
'09 BMW R1200R
'09 BMW K1200 LT
'08 Victory Vision
'06 Yamaha FJR1300
'03 BMW K1200 LT
'02 Gold Wing 1800
'98 Yamaha Roadstar
'96 GoldWing 1500
'79 Honda CX500
'77 GoldWing 1000


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post #2 of 8 Old Jul 21st, 2010, 11:06 pm
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Re: 2009 LT, 2k miles....worth?

would you take an 06 on trade?
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post #3 of 8 Old Jul 21st, 2010, 11:30 pm Thread Starter
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Re: 2009 LT, 2k miles....worth?

If I decided to sell, I would be looking for cash for a home down payment. No trades, sorry.

Scott

In the garage:
'12 K1600 GTL (took delivery 5/25)
'12 Ducati Monster EVO 1100
'08 Big Dog Pitbull
'79 Honda CX 500 Deluxe (restored)

Past:
'09 BMW R1200R
'09 BMW K1200 LT
'08 Victory Vision
'06 Yamaha FJR1300
'03 BMW K1200 LT
'02 Gold Wing 1800
'98 Yamaha Roadstar
'96 GoldWing 1500
'79 Honda CX500
'77 GoldWing 1000


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post #4 of 8 Old Jul 22nd, 2010, 8:54 am
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Re: 2009 LT, 2k miles....worth?

Sounds like a great deal on the bike... good luck! I see this as a method to get to the new 1600, very sly.

...............
J.M.J...
Dcn Channing

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post #5 of 8 Old Jul 22nd, 2010, 10:16 am
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Re: 2009 LT, 2k miles....worth?

Quote:
Originally Posted by MrBreeze
I don't want to sell, but I may need to in order to have enough cash down to buy a house (lenders want a lot more down than they did in years past
Given that you may have to sell quickly to make a down payment on a house, coupled with the poor economy and announcement of the K1600, I think you'll be lucky to get 16K. Hope you don't have to sell.

Ted

Camarillo, CA
2012 Ducati Multistrada 1200S - Red
2007 R1200S - Black - Sold
2003 K1200LTC - Silver - Sold
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post #6 of 8 Old Jul 22nd, 2010, 10:33 am Thread Starter
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Wink Re: 2009 LT, 2k miles....worth?

Fortunately, I don't HAVE to sell the bike, or buy a house. I've been renting a house for the past 3 years, but with the market depressed, I am considering buying as the deals are good. I suspect they will remain good for some time to come. And while it is true, I do have my eye on (and a refundable deposit on) a K1600 GTL, but doubt we will see them until late spring 2011, so my need to sell is not imminent. Not even certain I'll want the GTL when it does come out - I love the LT (obviously, since this is my 2nd one)

Just considering all my options, and the forum always makes for good banter.

Scott

In the garage:
'12 K1600 GTL (took delivery 5/25)
'12 Ducati Monster EVO 1100
'08 Big Dog Pitbull
'79 Honda CX 500 Deluxe (restored)

Past:
'09 BMW R1200R
'09 BMW K1200 LT
'08 Victory Vision
'06 Yamaha FJR1300
'03 BMW K1200 LT
'02 Gold Wing 1800
'98 Yamaha Roadstar
'96 GoldWing 1500
'79 Honda CX500
'77 GoldWing 1000


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post #7 of 8 Old Jul 22nd, 2010, 12:18 pm
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Re: 2009 LT, 2k miles....worth?

Quote:
Originally Posted by MrBreeze
Fortunately, I don't HAVE to sell the bike, or buy a house. I've been renting a house for the past 3 years, but with the market depressed, I am considering buying as the deals are good. I suspect they will remain good for some time to come. And while it is true, I do have my eye on (and a refundable deposit on) a K1600 GTL, but doubt we will see them until late spring 2011, so my need to sell is not imminent. Not even certain I'll want the GTL when it does come out - I love the LT (obviously, since this is my 2nd one)

Just considering all my options, and the forum always makes for good banter.
See if you can qualify for a FHA loan. You can get into a house with just 3 or 4% (not sure which anymore). That is how we just bought our home 2 months ago!
Talk to a loan broker first, but be sure he/she is independent and can shop around for a loan on our behalf. Stay away from bank loan officers as they will only offer what their bank offers...
That way you wouldn't need to sell the LT.

Gilles & Kathy
BMWMOA# 154719
IBA# 71594
2011 Ostra Gray RT
06 Mercedes-Benz E350 Estate (parts and people hauler)
2012 BMW X3 (parts and people hauler)
86 Porsche 911 Cabriolet (my "new" baby)



For her I climbed the highest mountain!
For her I swam across the deepest ocean!
For her I walked through the largest desert!
And then she left me... She said I was never home!!!


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post #8 of 8 Old Jul 22nd, 2010, 1:26 pm Thread Starter
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Re: 2009 LT, 2k miles....worth?

Hey Zippy, I hear ya, but just like my taste in motorcycles, my taste in homes are more in the jumbo-loan price range than conventional FHA. Of course there is always playing the Lotto....

hahaha.

Scott

In the garage:
'12 K1600 GTL (took delivery 5/25)
'12 Ducati Monster EVO 1100
'08 Big Dog Pitbull
'79 Honda CX 500 Deluxe (restored)

Past:
'09 BMW R1200R
'09 BMW K1200 LT
'08 Victory Vision
'06 Yamaha FJR1300
'03 BMW K1200 LT
'02 Gold Wing 1800
'98 Yamaha Roadstar
'96 GoldWing 1500
'79 Honda CX500
'77 GoldWing 1000


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