Reasonable Amount to Pay?

JLoss

.020 Over
Joined
Apr 15, 2007
Messages
26
Location
Trinity, Florida
Well, I'm getting close to buying the R3T. Any suggestions on how good a deal I can expect to get would be appreciated. For example, would $17K out the door be considered a good deal? Does anybody have information on the true dealer cost of the bike?
 
it would be easy to say that assuming it was cash they may cut a deal. Looking at the current offer for an 08 rocket touring you can get 1500$ in clothing and or accessories for buying out right ie not financing. assuming even if you don't get a deal thats pretty good. from what I can see it also depends on what part of the country your in as well.
 
Check out cycletrader and other mags, call around a few dealers to compare prices, wait six years and you will pick up a 2009 model for $10000:D
As for going in and waving cash that does not help one little bit in fact the dealer can lose money on cash deals, most dealers like the kick back that they get from finance companies.;)
 
Based on the sales tax rates in your area 17k OTD might be pretty good. In the Peoples Republic of Cook County, IL home of the highest sales tax in the country at 10% it looks like your paying around 15k, but my math might be off. For a brand new bike that aint bad, I bought mine used from a Victory dealer so I dont know how much Triumph discounts their new bikes off of MSRP.

If its helps as a point of reference I paid 13.5K for mine and it had only 1700 miles on it. The guy at my Credit Union told me I was paying a bit too much, but when I asked him where he could possibly be getting used prices on a same year bike, he didnt have an answer. He probably was looking at the values on an 07 non touring R3 (u know the faster ones). Anyway the bike was on an end of season clearance, he originally had it at 15499.
 
I saw a NEW '08 (demo, but untitled) a couple of weeks ago for around $1500 less than I paid back in June for mine. I think it was around $15,500 before taxes and fees. I paid $17,000, IIRC. The out the door price on mine including freight, a couple of accessories and tax was right at 19,000. That also included the first service and a fullface helmet.

Was that the best deal available? Hell, I don't know. Frankly, I place a premium on time. My time is extremely important to me and I don't care to spend a lot of it roaming the countryside in search of saving a couple of hundred bucks. If I have to do that, perhaps I should evaluate whether or not I should be writing a check for thousands of dollars for a toy.

Additionally, Scot in exile is correct. I pay cash for my cars and bikes. Frankly, it means very little to dealers other than perhaps letting them know you're serious. Also, EVERY deal is cash for them. It's just a matter of the name on the check. It's either a bank, finance outfit or you; all the same to them, although they do miss out on an additional kickback if you don't finance with the house bank.
 
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I paid $18.5k but the dealer had to pay off my BMW note & it is a very small mom & pop store. These are tough times & I felt fortunate to get that deal.
 
Good deal?

Let me put it this way. If , you were a dealer. any dealer, not just a Triumph dealer, you'd have built in, fixed overheads. Employees, real estate, benefit packages, workers comp, franchise fees, personal property tax on floor planned vehicles, heat and light, sewer, water and a whole raft of other incidentals. Those have to be covered from the profit gleaned from the sale of new vehicles, the sale of parts and the service department. The funds don't come from the tooth fairy. They come from the customers. The customers are you and me.

Now, you go in and nickle and dime the dealer on the initial sale and then you never go back and purchase anything again because his accessories are too high or his shop rate is too high or you got your panties in a twist over something and you are never going back. Guess what.....without retail sales, he's out of business.

I try to support my local dealer (whichever brand) when I can. My local Triumph dealer went bankrupt and I suspect it was fickle customers that contributed greatly to his demise. I support my local Kawasaki Dealer (KLR).

Some items aren't available at dealers in general. Some brands require dealers not to carry aftermarket accessories or only certain 'approved' accessories. It's all in the way the franchise agreement is written and that's why, in a Harley Shop you only see HD 'approved' accessories or endorsed items because that's the way the franchise agreement is worded.

Not all dealers are created equal...I mentioned that in my 'Baxter Thread' but despite that, I still try to patronize my local dealer(s) whenever I can, and spend money there, so that he can be there in the future.

I happen to know what the markup is on Triumph Motorcycles as stipulated in the Franchise Agreement but I'm not telling. All you need to know is the dealer has the option to either sell the vehicles at the MSRP or deviate from that, but any reduction in sale price tendered to you as the purchaser is subtracted from the price that the dealer pays for the vehicles he consigns from Triumph....or any manufacturer.:D

If, Triumph authorizes a sale or a reduction in advertised price, the dealer and Triumph will agree in advance what the ratio of dealer contribution is to the rate of manufacturers contribution. It's also advantageous for any dealer to finance a vehicle for a couple of reasons. Like mentioned in a previous post, most lending institutions will (I hate the term kick back) refund a portion of the total note financed, usually a couple percent. It's also profitable for a dealer to offer extended warranties or other special services because, again, he receives a percentage of the sale directly from the outside seller or institution. The dealer really don't want cash other than he can immediately offset the wholesale price of the vehicle, but ultimately he gets the money from the bank or whatever lending vehicle he employs.

Today, everyone is pretty knowledgeable about the price of a vehicle before they go buy one and, it's possible, especially in these difficult economic times, to beat a dealer down to a negligible profit and sometimes even to a negative profit ratio on a vehicle depending on the time of year, amount of like vehicles in stock and the dealers receivables. But remember one thing, the 'deal' you might get, might just seal the 'deal' on that dealer going out of business. Then you have no dealer...like I have.
 
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Well said. I also know the numbers for the Triumph bikes, dealer prices, programs, and the like. I'd wager that if most customers who do not own their own business already could see how it all rings out-well, they'd have a real eye opener of an experience.
Now, everyone's free to shop where they want but if the dealer does not sell a large portion of items besides the bikes he won't be a dealer for too long. Profit on a new bike is MUCH lower than most think.

That said, most dealers will go out of their way to keep a good customer.

My .02.
 
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