Maximise Your Bike Resale Value With These Helpful Tips
After lots of deliberation, a few sentimental moments, and some outside motivation, you've finally made the tough decision to sell your bike.
Many reasons will compel you to sell a motorcycle, and some of them can be heartbreaking and have minimal practical implications. You might have to sell your bike because you want to upgrade and pay off the credit, while others might want to sell it because they need the cash. No matter why you're parting ways with your trusty two-wheeled steed, the process of actually letting go is something that you shouldn't take lightly.
It's vital to get the first steps right to not miss out on a fair price.
1. Do Your Research
Before you even consider putting your bike up for sale, you should consider how much your bike is worth.
To do this, you'll need to do some research. This means looking at the prices of similar bikes first to determine an acceptable range. The bike market is a big one, and it's challenging to get an exact figure, but you'll be able to approximate a sale price.
It's worth noting that the value of your bike is not just based on the price of the bike alone, so other factors, including its condition, details, and the factors listed below:
Age and mileage
Location of sale
Other variables might impact the price as well:
The season you're selling in
Dealer surveys and reports
Next, you should also consider the bike's condition. While some of us are lucky and can sell our bikes virtually as-is, most bikes will need to undergo a thorough inspection. This ensures that the buyer purchases a bike that is as near to perfect as possible. You should expect to spend some time getting everything ready for sale, so make sure to do your research and tidy up everything. Once you've done that, you'll be able to estimate the price of your bike safely.
2. Timing is everything
It would help to consider the various sales periods to make the most of your bike. If you decide to sell your bike at certain times of the year, you can attract higher bids from eager buyers and are willing to spend money.
For example, if you're selling your bike in August, you might find higher biddings for your bike as many people are looking to purchase bikes, especially before the start of another school year.
3. Setting the Right Image
Once you've decided to sell your bike, it's time to get it ready for sale. One of the most critical aspects of selling any vehicle is to make it look as attractive as possible to potential buyers.
To do this, you'll need to take care of the following:
Taking the images
You should start with a thorough inspection of your bike to confirm that it's up to standard and ensure no damages. The second step is to get your bike detailed from top to bottom to make it look as good as when you got it. This is one of the most important aspects because you want the buyers to be impressed with your bike and bid as high as possible for it. The last step is to take photos to post online. You can find numerous online resources that will give you tips and tricks about shooting the perfect bike photo. With the proper lighting and angle, you're well on your way to selling your bike in no time.
Selling your bike is usually an emotional decision, but it's also one that can help your finances in the long run. If you take the steps above, you'll be well on your way to selling your bike.
If you plan to sell your motorcycle, we can connect you with a vast network of buyers and sellers in the trade. Besides giving you a place to sell your secondhand vehicle, we can also easily oversee sales, repairs, and moving concerns. Sign up with us today, and we'll help you get a step closer to earning cash from your sweet ride!