Honda 500 trade in value? - Honda Rebel 300 & 500 Forum
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post #1 of 8 (permalink) Old 10-18-2018, 01:00 PM Thread Starter
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Honda 500 trade in value?

Hey guys, I was curious to see if anyone has had experience with trading up their Honda 500. I know it would be a case by case basis. But curious with how much they gave you, how much did you loose if anything, do you regret it, should have done it sooner. That kind of stuff. Cheers!
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post #2 of 8 (permalink) Old 10-18-2018, 02:05 PM
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I asked about trade-in value of mine (CMX500 2017, 3,500 miles), because I'm falling in love with Kawasaki Z900rs, and was quoted $3.5K. I don't think any dealer will give you more than KBB value, private sale should bring in at least a thousand more.
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post #3 of 8 (permalink) Old 10-18-2018, 02:32 PM
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I got an online quote for $3600 (2017 500 non-abs, 4,500 miles). Sold privately for $4800.
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post #4 of 8 (permalink) Old 10-18-2018, 03:39 PM
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Here's my case, I'm going to keep my bike. I bought the 2018 CMX500 at the beginning of this year, just paid it off, and put 11k miles on it. I commute daily 70+ miles on it and been getting 67mpg on average. It's got great low to mid end torque, super narrow for lane splitting, quite comfortable and flickable, and it looks good, granted I've put a lot of work into it as well.

I'm looking to get a new bike by end of year or early 2019, eyeballing the Honda CB1000R
My primary reason for keeping the rebel is for going around town and as a backup bike. The new bike will be for weekends or when I feel like having some fun, not saying the rebel is boring by any means. The rebel was in the shop once for 4 weeks and I had to commute each day for 3 hours, I swear one more day and I would've have put my head through the car window.

Selling the rebel would mean I've lost money because I bought it new. Had I planned on starting with a learner bike and reselling later, I would've bought a used bike. Hope my case is useful.

What's your reason for wanting to trade in and to what bike?
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post #5 of 8 (permalink) Old 10-18-2018, 05:15 PM
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Quote:
Originally Posted by longbeachgary View Post
I got an online quote for $3600 (2017 500 non-abs, 4,500 miles). Sold privately for $4800.
This is what I would expect. The Rebel is a new model, still in moderately high demand. Dealers won't deal unless they can make $1,000 (this is in US, don't know about elsewhere) - it's just not worth their time. Same with any other transportation purchase - the convenience you get by trading in and having them take care of the loans, etc. is not worth it to the average buyer. You can do better on your own but it does come with some effort.

Keith from Maine USA - Rebel R1
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post #6 of 8 (permalink) Old 10-18-2018, 08:01 PM
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Originally Posted by Ryan500 View Post
Here's my case, I'm going to keep my bike. I bought the 2018 CMX500 at the beginning of this year, just paid it off, and put 11k miles on it. I commute daily 70+ miles on it and been getting 67mpg on average. It's got great low to mid end torque, super narrow for lane splitting, quite comfortable and flickable, and it looks good, granted I've put a lot of work into it as well.

I'm looking to get a new bike by end of year or early 2019, eyeballing the Honda CB1000R
My primary reason for keeping the rebel is for going around town and as a backup bike. The new bike will be for weekends or when I feel like having some fun, not saying the rebel is boring by any means. The rebel was in the shop once for 4 weeks and I had to commute each day for 3 hours, I swear one more day and I would've have put my head through the car window.

Selling the rebel would mean I've lost money because I bought it new. Had I planned on starting with a learner bike and reselling later, I would've bought a used bike. Hope my case is useful.

What's your reason for wanting to trade in and to what bike?
Yeah, you've put a lot of work into your bike. My plan was also to keep the Rebel but the Vulcan S and the Rebel are so similar and the Vulcan fit me so much better that I decided to sell it. Your two choices are so different that keeping the Rebel would be a good idea.
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post #7 of 8 (permalink) Old 10-18-2018, 09:51 PM
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Quote:
Originally Posted by longbeachgary View Post
Yeah, you've put a lot of work into your bike. My plan was also to keep the Rebel but the Vulcan S and the Rebel are so similar and the Vulcan fit me so much better that I decided to sell it. Your two choices are so different that keeping the Rebel would be a good idea.
Yes very good point Gary. Somebody mentioned on this forum somewhere that he felt sometimes the "big" bike can sometimes feel too much. That's why I mentioned I'd use the rebel for going around town. Heck anything over 300cc is probably too much for local streets anyway.

So not only will I not get a similar style bike I wouldn't want to get another one in the same engine size bracket.

BTW glad you're sticking bud.
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post #8 of 8 (permalink) Old 10-25-2018, 12:34 AM
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I say keep it

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