I am looking to buy a used bike and struggling to work out what is a better deal. What suggestions would the forum have?
Basically I understand the scrap value is effectively $0 but there is less maintenance for a newer bike
Bike 1. $3500 with 4y8 months COE (cant renew as has the extended 5yr COE) about $750/year. Must scrap at the end.
Bike 2. $4200 with 2.75 years remaining - about $1527 per year (if scrap for $0)
Bike 2 less 2.75x$750 is $2060 for the bike (I dont thint the bike without COE would be worth this)
Bike 2 with 5 Years additional COE for $1700 (5yr COE now-last 6 months) $761/year
Bike 2 with 5 Years additional COE for $3000 (variable but 5yr COE worst case / last 6 years) $930/year
So, is there any value in the actual bike itself? Looking at above if the COE holds the same as the last 6 months (just over $3k) then the value is in the newer bike and extend COE, but if COE goes back up to $6K again the renewed COE has better value.
*If I can negotiate the prices it makes a little difference but not major for the exercise.
I plan to flip the bike in just over a year so the sell time will be 1.5yr vs 43.5 yr COE so the COE wont be extended when I sell
Same make / model (colour different)