5 Practical Tips When Selling a Pre-owned Motorcycle
A motorcycle is a worthwhile investment because it is a convenient and affordable way to get around. Unlike a car, a motorcycle is much more fuel efficient, takes less time to find parking, and is easier to manoeuvre in tight spaces. Motorcycles can also be fun to ride, allowing you to explore the open road and get closer to nature. Unfortunately, like any other vehicle, there will come a time when a motorcycle will no longer suit your needs.
In this case, selling your motorcycle is the best thing to do. Selling a motorcycle is relatively straightforward because there is a large market for used motorcycles. You can sell your motorcycle through a dealership, a classified ad, or an online marketplace, so whichever route you choose, you must price your motorcycle fairly and accurately. However, this is easier said than done because you will be dealing with potential buyers looking for the best deal.
To ensure you get the most out of your motorcycle sale, here are some tips:
#1 - Know Your Motorcycle’s Value
Knowing the value of your motorcycle is essential when selling it. To do this, you must research the market to determine the average asking price for a motorcycle similar to yours. Look at online marketplaces and classified ads to understand the going rate. You can also use the Kelley Blue Book to get a more accurate estimate of your motorcycle's value.
Once you have a ballpark figure, you can tweak the price based on the condition of your motorcycle. For instance, if your motorcycle is pristine, you can add a few hundred pounds to the price. You may need to reduce the cost of cosmetic or mechanical issues.
#2 - Choose Where to Sell
Once you know your motorcycle’s value, you can decide where to sell it. A few different options are available, each with its advantages and disadvantages.
The first option is to sell your motorcycle through a dealership. This is usually the easiest option, as the dealership will handle the entire transaction, from advertising to paperwork. You will likely get a fair price for your motorcycle, but the dealership will also take a large sale cut.
The second option is to sell your motorcycle online. There are a variety of online marketplaces and classifieds websites that you can use to advertise your motorcycle. This option gives you more control over the transaction, and you will also be able to reach a wider audience, as more people than local dealerships typically visit online marketplaces. However, it can be harder to establish trust with potential buyers when selling online.
#3 - List Your Motorcycle on a Reputable Website
If you decide to sell your motorcycle online, you must list your motorcycle on a reputable website. Many online marketplaces are available, but some are more reliable than others. When choosing a website, look for one with a good reputation and a history of successful transactions.
When listing your motorcycle, include as much information as possible, such as its year, make, model, and unique features. Of course, you must also take high-quality photos from different angles and include a detailed description. If you’ve made any modifications or upgrades, you must also mention them.
#4 - Clean Your Motorcycle
Cleaning your motorcycle is an essential step in the process of selling it. Aside from making it look more attractive, it can also help you get a better price. Get all the necessary cleaning materials, such as a sponge, a bucket of soapy water, and a cleaning solution designed specifically for motorcycles.
Before cleaning, use a soft brush to remove any loose dirt and debris. Once done, use the sponge to wash the motorcycle and remove dirt or grime. Start from the top of the motorcycle and work your way down. After you have washed the motorcycle, use a clean cloth to dry it off. If possible, apply a protective wax to help protect the paint and chrome.
#5 - Respond to Interested Buyers Quickly
Above all else, you must respond to interested buyers quickly if you want to sell your motorcycle. You should always be available to answer questions, provide additional photos, negotiate a price, or leave a quick reply, even if it is just to say that you will get back to them shortly. If you’re not available to respond immediately, let them know you will be in touch as soon as possible.
Selling a used motorcycle will have challenges, but you must do whatever you can to close the deal. Even if you are not an expert in the motorcycle industry, using these five tips will help you get the most out of your sale. This way, you can get the best price for your motorcycle, and the buyer is getting a great deal.
If you want to sell your motorcycles, York Motorbikes can help you! We buy used motorcycles based on market value, so we guarantee you will get a fair return on your investment. Call us today at 01904 423339 for a valuation!