Modern Buddy

Anyone know of a reference listing current used Buddy 125 values based year of manufacture?

The NADA lists only the original selling MSRP, not used values.

This causes issues with property taxes. Better check your bills carefully.

Yeah, you can go online to Kelly Blue Book and go into the motorcycle section and pull it up.

avescoots1134 wrote:Yeah, you can go online to Kelly Blue Book and go into the motorcycle section and pull it up.

Any others?
KBB is generally significantly higher than NADA and the assessor uses NADA so it would be overvaluing it.

Going by KBB it's only lost $100 a year for nine years. That's not reasonable.

Snap wrote:

avescoots1134 wrote:Yeah, you can go online to Kelly Blue Book and go into the motorcycle section and pull it up.

Any others?
KBB is generally significantly higher than NADA and the assessor uses NADA so it would be overvaluing it.

Going by KBB it's only lost $100 a year for nine years. That's not reasonable.

IMO its close to reasonable. The price of new has risen in those nine years, so that helps with used value a bit. Also figure what price did you or someone pay new and take $900 off that. So maybe its a bit high but that's why they call these books and websites price "guides " and not price absolutes. Prices do vary by condition, location, season, demand, and general state of the economy.

george54 wrote:

Snap wrote:

avescoots1134 wrote:Yeah, you can go online to Kelly Blue Book and go into the motorcycle section and pull it up.

Any others?
KBB is generally significantly higher than NADA and the assessor uses NADA so it would be overvaluing it.

Going by KBB it's only lost $100 a year for nine years. That's not reasonable.

IMO its close to reasonable. The price of new has risen in those nine years, so that helps with used value a bit. Also figure what price did you or someone pay new and take $900 off that. So maybe its a bit high but that's why they call these books and websites price "guides " and not price absolutes. Prices do vary by condition, location, season, demand, and general state of the economy.

If I could sell it for the amount that the assessor claims it's worth I should have invested in a garage full. Condition, mileage, economy etc doesn't hold an argument in their estimation.

I can't believe that out imported plastic depreciates much slower than our British iron.

Corprate criminality thyname is insurance R

still shifting wrote:Corprate criminality thyname is insurance R

Isn't the OP saying the opposite? That the Insurance company would pay far more for it than it was worth if stolen or totaled?

Unfortunately, the Insurance company saying the value is so high is screwing the OP as far as tax assessing goes. So the OP is looking for a published or online resource showing the government tax assessor that it's worth far less than the government is claiming it's worth.

If anything, you should be upset with government for taxing it at such a high rate or taxing it at all.

No guys, insurance has nothing to do with the topic.

The topic is about valuation for yearly state property tax that is based solely on NADA published current book value. Unfortunately NADA dropped the ball on the Buddy and is not representing anything other than original MSRP without being clear that is what they are listing.
That makes the tax man say Oh Goodie!

k1dude wrote: If anything, you should be upset with government for taxing it at such a high rate or taxing it at all.

Got that right. They never close the pocketbook when times are tough.

My mother always said "you can't fight city hall".

There always has to be available an appeals process where you can argue your case about property tax valuation. Find out what your venue for that is. Start researching and saving sales data on ebay, craigslist, cycle trader, and dealer used prices. Just save the lower ones, because just using asking or starting prices leaves you at a disadvantage because except for ebay you have no way of knowing what the final sales price was after haggling.

This should prove to the state that Genuine scooters actually do depreciate just like every other motor vehicle.

Snap wrote:Anyone know of a reference listing current used Buddy 125 values based year of manufacture?

The NADA lists only the original selling MSRP, not used values.

This causes issues with property taxes. Better check your bills carefully.

Such a thing does not exist. KBB, NADA, black book and the rest of the guides rely on reported sales from various places such as auctions and those just do not exist for scooters and most motorcycles.

I have been successful at challenging my property value for tax purposes. Our vehicles here are not included in our property tax assessment fortunately. The only thing you can do is perhaps find for sale listings and use it to dispute the value.

I find it hard to fathom however that a taxable amount of $500 would make that much of a difference when added to property taxes.