When it comes to motorbike ownership, the longer you own it, the more it depreciates. This means it loses value, and you may have to sell it for less. As a result, putting a motorcycle up for sale can help you save money.
You may also want to sell your used bike to purchase a new motorcycle. While disposing of a used motorbike isn’t easy, the right tricks can help smoothen the process. Discussed below are several tips for selling your used motorcycle.
Determine your motorcycle’s worth
Determining your motorbike’s current value before selling it is imperative, as it helps make informed decisions when disposing of it. Ensuring your motorcycle value enables you to:
- Know the bike’s worth: Valuing your used motorbike lets you determine its worth before listing it for sale. This helps you decide whether to sell it at that price or not
- Acquire the best deal: Checking your bike’s actual worth before selling helps you determine the right time to make a profitable sale
- Comfortably negotiate the motorbike’s price: Knowing your motorbike’s real-time valuation equips you to better negotiate with interested buyers and ask for the correct price
Inspect the motorbike
Doing a comprehensive pre-sale motorbike inspection enables you to determine its current condition. To ensure your bike is in proper condition and to prepare for any queries prospective buyers may have, check the following parts:
- Tires: Evaluate tire tread depth to look for signs that may show the need for replacement, including cracks, bulges, or wear
- Controls: Check the brakes, throttle, cables, and clutch to ensure they function seamlessly without sticking
- Lights: Look at the turn signals, taillights, brake lights, and headlights to verify if they’re functioning correctly
- Electrical components: Ensure there are no frayed wires or loose connections in the wiring and battery connectors
You should also inspect the chassis, fluids and oils, and the suspension and stand.
Complete the necessary repairs
If you wish to get the most value from your motorbike sale, consider completing the necessary repairs. You can complete several minor, inexpensive fixes to make your bike more appealing to potential buyers and sell it faster.
Look at your motorbike’s inspection report to identify the parts you need to repair or replace. Be cautious of any major repairs because they can significantly raise costs and not bring back any reasonable ROI (return on investment).
Get rid of any modifications
Modifications help customize your motorbike to your taste and preferences. However, not all modifications increase your bike’s worth; some can make your investment less desirable. Some changes, including luggage racks and exhausts, can boost your resale value. Remove any upgrades that personalize your bike to make it easier to sell.
Prepare the necessary paperwork
Before going far into the sale process, gather the necessary documentation to ensure a smooth transfer of ownership and a streamlined transaction. The paperwork you need includes:
- Title: It’s the legal proof of ownership
- DMV paperwork: It includes all the documents needed to transfer ownership, including the liability release form, transfer of title, and other specifications based on your location
- Bill of sale: It includes the date of sale, sale price, seller and buyer details, and other agreement terms
Endnote
Disposing of a second-hand motorbike isn’t easy. However, implementing the right tips when selling your used motorcycle can help ensure a seamless process.
