31,000 miles - a lot? Just broken in? - Star Motorcycle Forums: Star Raider, V-Max, V-Star, Road-Star Forum
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post #1 of 19 (permalink) Old 07-05-2014, 05:37 PM Thread Starter
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31,000 miles - a lot? Just broken in?

Hi Everyone -

Haven't been on the forum in nearly two years. My '08 Vstar 1100 hurled me in a high-side accident in August 2012 when an old driver turned in front of me.

Regardless, I have got my itch back and am looking at used 1100s and 950s. There is a 2004 1100cc for sale for $3500 OBO. I haven't looked at it in person, but in the picture it looks good and the seller claims it is in excellent condition. Thing is, it has 31,000 miles on it. I used to ride 6-7000 miles per year as I drove my bikes to work, but at this point, I am just going to pleasure riding with just a few thousand miles per year at the most.

First, what do you think this bike is worth? Second, is 31K too many miles to consider?

Please share your thoughts. Thanks.

Current Ride: 2013 Honda F6B

Former Rides:
2004 VStar 1100 Classic
2008 VStar 1100 Silverado
1982 Suzuki GS650S
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post #2 of 19 (permalink) Old 07-05-2014, 07:05 PM
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Quote:
Originally Posted by CandyRedVStar View Post
Hi Everyone -

Haven't been on the forum in nearly two years. My '08 Vstar 1100 hurled me in a high-side accident in August 2012 when an old driver turned in front of me.

Regardless, I have got my itch back and am looking at used 1100s and 950s. There is a 2004 1100cc for sale for $3500 OBO. I haven't looked at it in person, but in the picture it looks good and the seller claims it is in excellent condition. Thing is, it has 31,000 miles on it. I used to ride 6-7000 miles per year as I drove my bikes to work, but at this point, I am just going to pleasure riding with just a few thousand miles per year at the most.

First, what do you think this bike is worth? Second, is 31K too many miles to consider?

Please share your thoughts. Thanks.
No need to worry about mileage on an 1100 (as long as it appears to be well cared for) until it's over the 100,000 mile mark...even then, there are lots on the road with closer to 200,000 and going strong.

You may be able to get the price down a little more, but even at $3500, if it's in good shape it's a pretty good price.

Sick Mick* 2006 V Star 1100 Custom

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post #3 of 19 (permalink) Old 07-05-2014, 07:43 PM
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The only thing that high miles damages is the resale value. How many motorcycles have you ever seen that were worn out? They may be "worn out" due to lack of use or abuse but miles alone doesn't wear them out.
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post #4 of 19 (permalink) Old 07-05-2014, 09:48 PM
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I've heard of several 1100's with 150k on them.

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post #5 of 19 (permalink) Old 07-06-2014, 06:15 AM
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I don't know about your part of the country but in the twin cities area there is a good selection of V Star's for sale. I found mine in the twin cities area. It's an '06 with 13,000 miles, excellent shape. I paid $4000. I see several more in the same area for about the same price. A 2004 with that many miles seems a bit high on the price to me.
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post #6 of 19 (permalink) Old 07-06-2014, 09:33 AM Thread Starter
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I don't know about your part of the country but in the twin cities area there is a good selection of V Star's for sale. I found mine in the twin cities area. It's an '06 with 13,000 miles, excellent shape. I paid $4000. I see several more in the same area for about the same price. A 2004 with that many miles seems a bit high on the price to me.
Thanks for the info. I live in upstate NY, near Rochester. I have been monitoring prices and this one seems about in the middle of the pack, though the mileage is an outlier. I have not seen another with that many clicks of the odometer. I don't think I would pay $3500, perhaps $3000 at the most, depending upon the condition. I am sure with those miles it won't be a quick seller.

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post #7 of 19 (permalink) Old 07-06-2014, 02:21 PM
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With any gasoline or diesel powered machine, I'd rather have one that is used often and serviced and maintained properly. Low miles doesn't necessarily mean well cared for and high miles doesn't necessarily mean poor condition.

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post #8 of 19 (permalink) Old 07-06-2014, 02:25 PM
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I've heard of several 1100's with 150k on them.

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i've seen several cars with over 200K miles on them. it doesn't mean they have any market value at that point.


according to nadaguides, the average retail price of a 2004 1100 classic is $3690, with no regard to miles and lower suggested retail of $2800.
http://www.nadaguides.com/Motorcycle...-1063cc/Values

kbb lists suggested retail value at $3675 with trade-in value of $2500.
http://www.kbb.com/motorcycles/yamah...edretailvalue/

these are average dealer prices with no regard for miles. customers determine the open market value for bikes based on mileage. and most of the 10 year old bikes being resold usually have under 10K miles. individual consumers will put more of a premium or value on lower mileage bikes than higher mileage bikes, meaning a lower mileage bike should usually sell for more than a higher mileage bike. doesn't have anything to do with what condition the bike is in, but it is a determining factor in resell value. and despite how much value the owner may want to put on accessories, these usually add very little value to what a customer will pay or should pay.

having said all that, and realizing the $3500 is just a starting point, it's probably too much to pay for a 10 year old bike with what is considered high mileage for resell. i think the owner should be willing to let the bike go in the $2800-$3k range.

in regards to the original question, i don't believe 31,000 miles on a 10 year old yamaha is a lot. just broken in. as others have said, yamaha bikes should get a ton more miles than that.

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post #9 of 19 (permalink) Old 07-06-2014, 04:32 PM
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Quote:
Originally Posted by CandyRedVStar View Post
Hi Everyone -

Haven't been on the forum in nearly two years. My '08 Vstar 1100 hurled me in a high-side accident in August 2012 when an old driver turned in front of me.

Regardless, I have got my itch back and am looking at used 1100s and 950s. There is a 2004 1100cc for sale for $3500 OBO. I haven't looked at it in person, but in the picture it looks good and the seller claims it is in excellent condition. Thing is, it has 31,000 miles on it. I used to ride 6-7000 miles per year as I drove my bikes to work, but at this point, I am just going to pleasure riding with just a few thousand miles per year at the most.

First, what do you think this bike is worth? Second, is 31K too many miles to consider?

Please share your thoughts. Thanks.

Selling my bike, I live in VT but drive to my parents in Buffalo all the time. We could easily figure something out if you think it might be a good fit.

http://burlington.craigslist.org/mcy/4548772242.html

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post #10 of 19 (permalink) Old 07-07-2014, 11:34 AM
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I wouldn't stress too much on the miles. Especially if you intend on keeping it and not selling in a few years. As said earlier the market you are in plays a big part in pricing but for what it's worth I recently purchased a 06 Silverado with just over 19K miles and I paid $3500 for that.
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