Hi Guys,
I talked to Mike already, but he suggested I post it here too for extra input. This deal sounds too good to be true, so any advice and feedback is appreciated.
I found a used 2010 R6 with 74 miles and 10 months remaining Yamaha factory warranty via CraigsList that is currently for consignment sale at a local Triumph dealer listed for $9K.
The seller prefers to do a private cash sale for $8K so that he doesn't have to pay the Triumph dealer a commission. His wife owns the title, and he's selling it because they need the money. He says that his insurance company bought this bike for him to re-pay him for his previous bike being stolen out of his driveway.
My local Yamaha dealer ran the VIN and verified the name on the title matches his wife's name, and they said the warranty is indeed valid til 3/1/2012. The Triumph dealer says that they also did a title check, and it came back clean. They also inspected the bike and said it's just-as-advertised, which is basically as-new. As an added check, it's approximately 75 - 80 miles from the dealer the seller claims he bought the bike from and the Triumph dealer- per google maps.
The Yamaha dealer said that there was nothing in their system indicating the bike had any issues, or was stolen or crashed etc. but they think something is really fishy with this deal. Brand new 2010, very attractive sale price, private sale... What gives right? KBB range for used 2010's is $6000 to $8600. So, price-wise, what he's asking isn't too ridiculous.
The last piece of due diligence I'm doing is I put in a VIN sale inquiry with the dealership the seller claims the bike was purchased from. But, they are giving me the run-around and trying to get me to go to their store to buy one of their bikes. They didn't say no tho- just that they would look it up and let me know tomorrow. But they are stalling...
I have not provided any personal info to the seller beyond my first name and phone number. And, tomorrow a buddy and I are going to go look at it at the Triumph dealer.
What do you guys think? Thanks for your help!
I talked to Mike already, but he suggested I post it here too for extra input. This deal sounds too good to be true, so any advice and feedback is appreciated.
I found a used 2010 R6 with 74 miles and 10 months remaining Yamaha factory warranty via CraigsList that is currently for consignment sale at a local Triumph dealer listed for $9K.
The seller prefers to do a private cash sale for $8K so that he doesn't have to pay the Triumph dealer a commission. His wife owns the title, and he's selling it because they need the money. He says that his insurance company bought this bike for him to re-pay him for his previous bike being stolen out of his driveway.
My local Yamaha dealer ran the VIN and verified the name on the title matches his wife's name, and they said the warranty is indeed valid til 3/1/2012. The Triumph dealer says that they also did a title check, and it came back clean. They also inspected the bike and said it's just-as-advertised, which is basically as-new. As an added check, it's approximately 75 - 80 miles from the dealer the seller claims he bought the bike from and the Triumph dealer- per google maps.
The Yamaha dealer said that there was nothing in their system indicating the bike had any issues, or was stolen or crashed etc. but they think something is really fishy with this deal. Brand new 2010, very attractive sale price, private sale... What gives right? KBB range for used 2010's is $6000 to $8600. So, price-wise, what he's asking isn't too ridiculous.
The last piece of due diligence I'm doing is I put in a VIN sale inquiry with the dealership the seller claims the bike was purchased from. But, they are giving me the run-around and trying to get me to go to their store to buy one of their bikes. They didn't say no tho- just that they would look it up and let me know tomorrow. But they are stalling...
I have not provided any personal info to the seller beyond my first name and phone number. And, tomorrow a buddy and I are going to go look at it at the Triumph dealer.
What do you guys think? Thanks for your help!