Re: [ST] Reasonable price for ST'03 is...?

["Jeremy Witt" <Jeremy@xxxxxxxxxxxxxxxxxxx>]

That's an impressive average annual mileage.  Around the states, the average is (or was?) 3,000 per year.  Guess we have a higher percentage of weekend warriors here.  Personally, I'm saddened if I do less than 4,000 per year and happy about 10-12k.  

Jeremy Witt
Newbury Partners
(o) 603-893-3022
(c) 603-475-4228

-----Original Message-----
From: st-bounces@xxxxxxxxxxxxxxxxxxxx [mailto:st-bounces@xxxxxxxxxxxxxxxxxxxx] On Behalf Of Andrew Tait
Sent: Monday, September 11, 2006 6:24 PM
To: ST@xxxxxxxxxxxxxx
Subject: Re: [ST] Reasonable price for ST'03 is...?

Gavin,

They'll NEVER offer top dollar (or indeed pound) on their first offer. 
I ran into this before when my TDR250 was stolen and they offered me 
silly money for it.  After a long phonecall of "perfect condition, never 
dropped, only 4,000 miles" etc., they finally capitulated and offered me 
an acceptable figure.

I'd go in with the "I don't think anything less than the good private 
sale price is acceptable" attitude and see how far they go, assuming 
that that price WOULD be acceptable.  After all, they're meant to be 
providing you with enough money to replace the bike with something of 
similar condition, and you can easily argue that £4,000 isn't enough for 
that.

Oh, they won't take new tyres into account, as they're consumables, but 
the heated grips, relays and scott oiler are accessories and should be 
covered.  Get a value for them (Around £400 in total new?) and use it in 
your bargaining ("A bike of that age, in that condition, with £400 of 
accessories and a full service history will cost me at least...")

Average mileage is 8,000 miles in year 1 and 6,000 miles thereafter (I 
think), so let's say 20,000 as an average mileage for a 3 year-old bike. 
  So 22,000 isn't, ummm, miles over that.

Give 'em a kick.  It IS an offer after all, and you have every right to 
refuse it and to tell them what you think the bike is worth, or what you 
feel you need to replace it.

Good luck!

Andrew

Gavin Lawrie wrote:
> Hi
> 
> Hope to pick your collective brains on how much a '03 reg 2003 model  
> ST might be worth.
> 
> Had an offer back from Insurance on my now-dead ST'03 of £4K.  This  
> for 22K miles, but full triumph service history, heated grips, dual  
> headlight relays fairly new Avon's and scott oiler.  Is this  
> reasonable or should I go back and argue?  I've never had a write-off  
> to deal with before, so not sure what is right form for such  
> activities.  £4K is way less than Parker's online guide price for  
> model - they suggest £4,830 from dealer, £4,480 from good private,  
> and £3525 from poor private seller.  They give the trade-in price as  
> £4090.
> 
> I guess I don't know what impact mileage would have on prices quoted  
> - that's the only thing that could legitimately push down the value  
> of the bike vs. market rates.  Presumably they should give me enough  
> to replace the bike...
> 
> What do you think is reasonable price - what do you suggest I should  
> do next?
> 
> Thanks in advance etc.
> 
> Gavin Lawrie
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