If you plan to sell your motorcycle in the near future, you may wonder: how much is my motorcycle worth? There are a few things you can do to increase the resale value of your motorcycle to ensure you get your money’s worth. Below, we’ll discuss a few different practices you can implement into the prep work for your upcoming sale to make your bike appealing to potential buyers. We’ll also discuss how you can expedite the sale process with Auto Loan Hub. Keep reading!
Learn About the Market
Before you decide to put your motorcycle up for sale, it’s a good idea to do some research on the market value of different makes, models, and brands. This will give you an idea of how much you can realistically get for your particular model in its baseline state.
You want to make sure you don’t undervalue or overprice your motorcycle. For example, if the brand and model of your motorcycle are currently in high demand in the resale market, you can get a decent take-home. Ultimately, how valuable your motorcycle is will depend on the current trends, supply, and demand in the motorcycle market.
Perform Regular Maintenance…
If you want to attract potential buyers, your motorcycle should be in the best condition possible. Regular maintenance will ensure that your motorcycle’s durability and quality remain intact. Tasks like detailing your bike, keeping the rigs clean, maintaining the tread on your tires and/or replacing them, oil changes, and other routine maintenance will help keep your bike looking shiny and road-worthy!
Don’t leave any current issues alone. If you have exterior damage like dents and scratches, getting these repaired and buffed out will give your bike a like-new appearance. Also, make sure to deal with more serious internal issues by having your engine and other electronic components examined by a professional mechanic.
…But Don’t Make Too Many Modifications
While you want your bike to run smoothly and maintain its aesthetic appeal, beware of making too many changes. Unnecessary modifications that veer too far from the factory specs can turn off buyers who are looking for a bike that reflects a well-known brand or style. While fun and personality-driven modifications can attract a certain audience, keeping things simple can help you reach a broader buyer audience!
Maintain Low Mileage
One of the key things buyers look for in a vehicle or motorbike is mileage. In general, 50,000 miles (80,467 km) will place your bike in the high mileage category. If the mileage on your motorcycle is relatively high, this increases the wear and tear. Therefore, you may have a harder time getting a good price.
Sell Your Motorcycle with AutoLoan Hub
There are a few things you can do to increase the resale value of your motorcycle, and combining these practices with a reputable seller will ensure you get a great price! At AutoLoan Hub, we’ll handle all the logistics for your sale, from locating potential buyers to filling out the paperwork.
Visit our How It Works page to learn more about our hassle-free process.
