I'm confused about the value of a Suzuki Katana 600cc motorcycle?!?

Question

I know a guy that is selling his 99 Katana 600 for $2700. It's black, has 5000 miles, a Yoshi exhaust pipe, a clean title and is in PERFECT shiny sparkling condition, no scratches. I checked Kelly Blue Book and NADA values and a 99 Katana with 30,000 miles on it is valued at over $3,000! So naturally this seems like a VERY good deal on paper. But, I just went on ebay and looked at the Katanas for sale, and there are 2001's in the same condition for the same price! I even saw a 2004 Katana with a Buy It Now for only a few hundred dollars more. Why is this?!? Why would everyone be selling them for so much LESS than they are deemed worthy of when people generally sell Sport and Sport Touring bikes for WAYYYYY over what they are worth?

Check my stats, I always select the best answer.

Answer 1

It's usually referred to as a Can-a-tuna. The reason they are priced so low is that those who bought one did so by mistake. Once they realize what they have, they have a hard time giving that bike away.

Suzuki discontinued that bike after 05 and they are still trying to get rid of them in dealerships. It's like a banana with wheels.

Answer 2

The Katanas value is going depend on the owner. Maybe he doesn't need the money, maybe he got a good deal so he wants to pass it along to the next guy. I did the second one on my two previous bikes. The reason i did it because it sold faster. For that price you can get a GSXR 600 which is alot cooler bike and has a ton of available accessories. I hope this helps.