Trying to sell a bike requires attention to detail to maximize your original investment. After all, you want to make the most of selling it without any hassles along the way. Discover eight things you should know before attempting to market your motorcycle.
Do You Have a Clean Title?
The first thing to figure out when trying to sell your motorcycle is whether you have a clean title. If not, take steps to remove any liens or issues before selling the bike because buyers offer more for a clean title.
What is the Book Value?
The next step is to determine the current book value of the bike. Understanding its worth empowers you to negotiate the best possible deal with buyers. You will instantly identify a low bidder wasting your time.
Is the Bike in Good Condition?
Another factor in figuring out the book value of a motorcycle is its condition. For example, a bike with no dents or accidents has greater value than one that has been in a few fender benders and shows signs of wear. If the bike has a few minor problems, it is often cost-effective to fix them before trying to sell it to get the most money.
How Much Do You Owe on Your Loan?
Some people pay cash for a motorcycle while others finance their ride. If you have an outstanding loan, the goal is to get enough to pay it off and walk away with some cash. However, that depends on the bike’s condition and current market value.
Are There Parts to Salvage?
Some bike owners add specialized components to their rides to make them stand out from the crowd. Consider whether you want to remove specific parts or features before selling the bike so you have them for a future ride.
Do You Have Time to Sell the Bike?
Another thing to remember is the time involved in screening buyers and offers for your bike. Make sure your schedule is clear before listing the motorcycle to ensure you have enough time to communicate with buyers. Also, a lack of time could mean rushing through the process and accepting less for your bike than it’s worth.
How Does the Motorcycle Look to Buyers?
Busy sellers are usually attached to their motorcycles and may overlook minor flaws that could be glaring to possible buyers. As a result, it makes sense to prep the bike before putting it on the market. Ensure the motorcycle is clean, has all fluids, and looks its best to attract more attention.
Are You Ready to Sell?
Finally, think about whether you are ready to sell and if you will miss the motorcycle when it’s gone. If you enjoy riding, ensure you have enough money to invest in your next bike. Unless you really need the cash, you should want to sell your motorcycle rather than feel you have to do it.
If you want to sell your motorcycle, take the time to review these tips to ensure you’re ready for buyers. The bike should look and run its best to bring in the highest possible price. Additionally, verify you have the time and energy it takes to screen buyers, compare offers, and make the most from this significant investment.