A motorcycle owner might decide it is time for a new ride. However, they wish to trade in their current model before purchasing a new bike. Doing so will make the next purchase affordable. They can use any money they collect from the sale for their new machine.
Before going to trade in your motorcycle, the owner should know how to get the best value. Several factors affect the trade-in value of a bike. When owners know these factors, they can ensure their bikes bring in top dollar.
Determining the Value
The bike’s appearance plays a key role in its value. Bikes in excellent shape with no dents or dings will command a higher price. However, a person should not assume their bike isn’t worth selling if it isn’t pristine. A biker may want a fixer-upper to work on and make their own. They may even be interested in purchasing a bike that doesn’t run because they want to learn how to work on these machines. A fixer-upper is ideal for their needs, and a dealer may be willing to trade for this bike, knowing someone will want to buy it.
Any upgrades the owner has made will also affect the bike’s selling price. Custom parts may add value to the bike, and many potential buyers will be interested in a performance boost. Add-ons often increase the bike’s appeal and price. However, bikers must understand that specific mods might not appeal to many buyers. A super-specific mod could decrease the value of the bike.
Certain bikes remain in demand, while others become less popular over the years. A hot bike will bring in a higher selling price. Furthermore, the owner must know when to sell or trade the bike. Individuals will pay more for a bike in the spring when they know they can take it out on the open road. They aren’t willing to spend as much money in the winter when they know the bike will sit for several months before they can try it out. Dealers consider this when making an offer.
Preparing the Bike for Sale
Owners can take steps to increase the resale value of their bikes. Take time to detail the ride and ensure it shines brightly. In addition, consider installing new tires on the bike. If the bike has mechanical issues, consider fixing it before trading it in.
Trading in the Bike
Before trading in the bike, learn its value. There are several resources an owner may use to determine the value of their motorcycle. This information will ensure they get a fair trade.
The owner should also determine what they wish to purchase so they know how much they need to bring in on this trade to help offset the price of their new ride.
With this information in hand, the owner can begin looking for a dealer who may help them make this trade happen.
Before visiting the dealer, learn about financing and payment options for the new ride. Gather all documents needed to complete the trade so they are ready when a new ride is found. Head to the dealership and complete the trade.
Trading a motorcycle should not be difficult. Owners who take the above steps can have a new ride quickly and with less effort. They will have a bike they love, and somebody else will be able to enjoy the motorcycle they used in years past.
