How Much Is My Motorcycle Worth?

by Robert F. Read My Articles, Learn More...
There are many reasons why motorcycle owners may want to know the value of their bikes. You may be looking to upgrade to a new bike and therefore need to sell your old machine, or you may need the funds and sadly your beloved bike will have to go. Either way, whether it’s for purely financial or practical reasons, knowing the value of your motorcycle is crucial. If you are looking to sell your bike you will get the best value for your motorcycle and if it is for important issues such as insurance, you ensure proper cover and peace of mind.

There are many ways motorcycle owners can go about finding out the value of their machines: there are online services such as Thebikebuyers.com for example, which users can enter details of their bike and get an estimated value instantly, or good old fashioned research. The tips below could prove useful when it comes to answering the question “how much is my motorcycle worth”, and following them might help to make that search easier.

How much your motorcycle is worth depends on obvious influences such as the age or make of the bike, but other variables come into play as well. For example, market forces such as supply and demand or how much a buyer is willing to pay for it also has to be considered. You may not be able to get the optimum value for your motorcycle if you are selling during a time when other cash strapped owners are putting up their bikes for sale as well.

Other factors include aspects such as the urgency of the sale; you may be happy to wait until you get the full value of your motorcycle or you may need the cash quickly so you may end up having to compromise. In any case, the key to getting the nearest to the true value of what your motorcycle is worth is by using trusted sources. Whether you prefer doing your research offline or online, there are many options available including the following:

Online Based Buyers - The internet has transformed many industries, and getting vehicles valued is one of them. With these types of online based services, there is no need for phone calls, appointments and days or weeks of waiting, you simply enter the details of your motorcycle and by answering a few questions users get their quotes instantly. These online platforms use sophisticated algorithms, industry guidelines, and the current market value of similar bikes.

Online Auctions - Using online auctions such as Ebay can help you determine how much your motorcycle is truly worth. With the safety net of a reserve price, you can put your motorcycle up for sale and see how much other bikers think your machine is worth. Whether you are actually selling or not, placing a considerable reserve will ensure you get an idea of your bike’s true value without risk. Always remember to ensure you use accurate descriptions and good quality pictures as well as offering viewing appointments to ensure your motorcycle achieves its full potential.

Reputable Motorcycle Dealers -  If you prefer dealing with people face to face, the best way to find out how much your motorcycle is worth is by asking a motorcycle dealership to give you a quote. The important thing to remember is to ensure you only use reputable dealers as they are more likely to give you an impartial, honest and professional opinion.

To ensure your motorcycle’s true value, there are other tips to consider, including:

• Preparing the bike for Valuation: This is the first step for anyone who wants to get a true reflection of how much their motorcycle is worth. Whether you are looking to sell or just finding out the value of your bike, fixing minor issues, cleaning it up, and paying attention to the small details will ensure the best value is achieved. Oil smudges and dirt may hide the true beauty of your machine, or put potential buyers off, while a well prepared motorcycle will attract buyers and show off your bike in its best light. After the bike is clean and shining, take several pictures from different angles to show off the bike well to potential customers if you are going to be advertising online

• Working with Potential Buyers or Dealerships: The key to this relationship is honesty. Establishing a rapport with potential buyers and valuers is the best way to get a true reflection of how much your motorcycle is worth. If you are dealing with a buyer, giving them an honest assessment of the bike’s current condition, even the bad bits, will mean that people will be happier to do business with you because of your integrity. The same applies even if you are just looking for a valuation, whether you take your bike to a dealership, garage, or are looking for quotes online, an honest description of your motorcycle will ensure that the valuation you receive is as accurate as possible.

Market forces such as supply and demand as well as current economic conditions all have a part to play, but by carrying out thorough research and preparing your motorcycle for valuation will always give you a good picture of its worth.

In addition, one you have arrived at a possible value, always remember to price your motorcycle well enough to attract interest. No matter how much you think you should be getting, there is no point advertising your motorcycle if your price is going to be putting potential buyers off. Preparing and portraying your motorcycle in its best possible light is the best way to get an honest assessment of how much your motorcycle is worth and therefore helping you to make informed decisions and choices.

Image Source - Beverley Goodwin

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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