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Offline Octox

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Dear fellow CB500X riders,

I urgently need your advice about buying a used CB500X.

Im buying my first-ever bike, and I prefer to buy used so I dont have to worry about keeping a new bike in pristine condition.

My local dealership just received a used 2016 CB500X ABS on trade-in. It is in good mechanical condition (it has about 6,000 miles), but has some body damage from being laid-down on the left side, and some normal wear and tear (see more info below).

The dealer has offered to fix the damage and sell the bike to me for $5,500, or sell it as-is for $5,200.

Im wondering if those are fair prices? Or should I counter offer, and for how much (for as-is condition, as  well as repaired condition)? Should I negotiate any add-ons (such as new tires, free oil change, etc) into the purchase price?

Also, the dealership already completed an inspection, but is there anything I should check before buying it?

Thanks in advance for your advice!

_________________________

DAMAGED PARTS (ON RIGHT SIDE):
Engine cover scratched/scraped
Lower plastic cowling scratched/scraped
Handlebar end cap and clutch shifter lever scratched/scraped
Seat cover damaged in several spots and needs re-upholstering

WEAR AND TEAR:
Brake pads: Rear 70% remain, front 90% remain
Needs an oil change
Tires (OEM stock tires): front 50% remaining, rear 35% remaining

ADDITIONAL INFO:
Missing user manual (only comes with two keys, nothing else)
No warranty offered by dealership because its a used bike
The bike has no mods or upgrades

Offline Jsbartl

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #1 on: July 14, 2017, 02:49:01 AM »
I'm not a big expert yet on the CB500X but if you look at the previous post there is a guy selling the same for half the miles great condition and add one for $5000. Id say go for the one that the other person is selling on here.

Offline CB-500-X

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #2 on: July 14, 2017, 05:33:11 AM »
*Originally Posted by Jsbartl >>>> link hidden <<<<
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I'm not a big expert yet on the CB500X but if you look at the previous post there is a guy selling the same for half the miles great condition and add one for $5000. Id say go for the one that the other person is selling on here.
What he said...... plus the bike at the dealer is at best a $4500 bike out of the door fixed including tax , fees etc. The used one posted on here has tons of accessories installed and ABS.
here's the link : >>>> link hidden <<<<
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« Last Edit: July 14, 2017, 05:35:34 AM by CB-500-X »
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Offline JasonTodd

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #3 on: July 14, 2017, 06:02:12 AM »
No, I would not buy it for that price. I got a 2014 two years ago brand new for $5,500 final price. I'd rather spend a little more for a new bike, even if it's a couple model years older.

Offline 4Paws

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #4 on: July 16, 2017, 09:44:47 PM »
Overpriced.
Relax and keep looking, the dealer is counting on your "needing" this bike.
Look on Craigslist (searchtempest is your friend), ADVrider, and cycletrader.
I paid $3,750 for a 2 year old bike with 1,750 miles on it.

Offline CB-500-X

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #5 on: July 17, 2017, 07:22:43 AM »
..... methinks we scared him....  :042:
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Offline Defender

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #6 on: July 17, 2017, 03:02:13 PM »
Why would a dealer not offer any warranty? Is this usual in the U.S. Pardon my ignorance on this matter.
If I can help somebody as I go along, then my living has not been in vain.

Offline michvin

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #7 on: July 17, 2017, 03:56:38 PM »
*Originally Posted by Defender >>>> link hidden <<<<
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Why would a dealer not offer any warranty? Is this usual in the U.S. Pardon my ignorance on this matter.
This is a used bike. Sometimes dealer tries to lure you with a "dealer warranty", but that's mostly a hoax

Offline Defender

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #8 on: July 17, 2017, 10:47:41 PM »
Thanks Michvin, for the info. So you don't get a meaningful dealer warranty on a used bike in the U.S. It's a wonder anyone buys from a dealer in that case. Well, we live and learn. I wonder how many other countries are like that.
« Last Edit: July 17, 2017, 10:52:44 PM by Defender »
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Offline CB-500-X

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Re: Urgent: Need advice about how much to pay for used CB-500X!!!
« Reply #9 on: July 17, 2017, 10:54:16 PM »
If the bike is still under the original factory warranty it transfers to the new owner per Honda USA .
Here's a quote from Honda's FAQ section :
"Is my factory warranty transferable?
Yes, the warranty goes with the product. Subsequent owners should present proof of ownership to any authorized Honda dealer to update our records. "

Read more at >>>> link hidden <<<<
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If the original warranty is over you're on your own. Dealers by law have to have you sign a disclaimer "AS IS" form which indicates if there is any warranty or not.
« Last Edit: July 17, 2017, 10:58:49 PM by CB-500-X »
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