7 Factors That Affect the Resale Value of a Motorcycle
Like any other vehicle, motorcycles can get you from one place to another. However, one can argue that a bike is better because you get to feel the wind as you ride it down the road. It's also much cheaper to maintain one, so many people love them.
However, there will always come a time when a motorcycle doesn't suit the needs of its owner anymore. For this reason, many motorcycle owners resell theirs. Reselling a motorcycle is a relatively simple process but can confuse those who have not done it before. Additionally, it's not as easy as reselling a car because you're dealing with a two-wheeled vehicle, which isn't exactly something that all people use. Naturally, some factors affect the resale value of a motorcycle. We'll discuss them in this article, so read on below to get started.
#1 - Vehicle Condition
When it comes to the resale of any vehicle, their condition is the first thing the potential buyer will look at. This is true for motorcycles as well. If you want to get the best price for your vehicle, take good care of it. To this end, you have to make sure that it's clean, without any rust or other damage. This can be done by cleaning it up and making sure that it's a real head-turner. While you don't have to spend a lot of money getting it fixed, you have to make sure that the vehicle is in good enough condition to catch a buyer's attention.
#2 - Vehicle Age
Another factor that can affect the resale value is its age. It's natural for anyone to want to buy a new bike instead of a used one if given a choice. The only way to get around this is to make sure that your bike is as lovely as any newer bike. Many vendors will also offer discounts for older motorcycles, but it's nothing to fret about if you manage to sell your motorcycle for the total price. You might have to deal with some repairs and upgrades, but maintenance is always another option.
#3 - Modifications
If you've modified your bike, you have to make sure that it's still original. For example, if you've changed your bike to have more power and appeared to have major engine work, there's a chance that the buyer will ignore your vehicle altogether. Keep in mind that minor changes to improve the performance of your motorcycle are okay, but drastic changes are not.
#4 - Mileage
Many people will look at the mileage to determine the vehicle's condition. They are not necessarily looking at it to figure out your motorcycle's age, but mileage tells something about the previous ownership. They might assume that you have used your bike a lot and it's not in the best conditions. This is why you have to keep the mileage as low as possible. If it has considerable mileage, you should make the necessary arrangements to keep it in excellent condition.
#5 - Season
The time of the year can affect the price you'll get for your motorcycle. This is also referred to as the riding season, where people ride their motorcycles, and you can sell them for a reasonable price. The best season for a bike is in the spring and summer when people are riding their motorcycles. Naturally, this means that you'll want to sell your bike before the end of spring, so you don't have to deal with winter sometime later.
#6 - Rarity
The rarer your motorcycle is, the better the price you'll get for it. Many people are not interested in buying some standard bike that they can quickly get their hands on. If your bike is a rare model and in good condition, it's strongly recommended that you sell it during the riding season for the best price.
#7 - The Market Itself
Lastly, the market will affect how much you can sell your motorcycle for. The current market trend will show which motorcycles are popular and which ones are not. If you have a bike that's no longer trendy, you have to make the necessary adjustments to it to sell it at an excellent price.
Conclusion
Overall, the factors discussed above will affect the resale value of your bike. This can be overwhelming for some people selling their bikes for the first time, but it's not as difficult as you might think. As long as you can keep your motorcycle in excellent condition, you'll get the best price from a buyer.
If you’re looking to sell your motorcycle, York Motorbikes is the place for you! We buy motorbikes at fair prices, and we also offer other motorcycle-related services, such as moving and repairs. Reach out today and see how we can help you!