The most important thing that a person needs to know when selling any item is the value of the item itself. Without that information it is almost impossible to offer a price that is fair to both the buyer and the seller, which can lead to one party being left unsatisfied by the transaction.
In the case of motorcycles, this can often be fairly difficult. While it is quite simple to determine how much a car’s value has depreciated based on age and mileage, with a motorcycle the age is far less important than the overall condition of the individual bike.
Still, there are a number of ways that you can figure out a figure for the sale. Here are just a few that can help you figure out the answer to the question how much is my motorcycle worth?
Online Bike Buyers
There are a number of companies online, such as TheBikeBuyers.com, who will purchase practically any bike, regardless of its make or condition.
This can be used to your advantage when trying to determine the value of the bike, even if you are not ready to sell yet. Instead of trying to figure it all out manually, simply head to an online bike buyer and ask them. Make sure that you answer every question that you are asked honestly and you will receive a figure for how much they would be willing to buy the bike for.
Best of all, should you be looking to sell the bike straight away, there are few better resources if you’re looking for a quick sale.
Consider The Age and Condition
As mentioned, there is rarely a hard and fast answer when it comes to figuring out just how much a bike is worth. However, there are a number of factors that can at least give you an idea of how the original price has been affected.
One of these is the age of the bike. The average motorcycle has an approximate lifespan of about 8 years with most of its original parts in-tact. As such, the closer the bike is to that 8 year figure, the less it is going to be worth. Of course, the opposite is true as well.
As long as the bike is well-serviced and maintained this shouldn’t be a huge issue, however, the condition of the bike certainly is. The most important thing for any motorcycle buyer is for the bike itself to be of good quality. Ensure you get the largest amount possible by keeping the bike in great working order.
The value of a little extra research is often underestimated but should never be forgotten and there are plenty of resources online for those who want to find out how much a particular bike costs. In fact, a simple search for the term ‘motorcycle’ on eBay currently brings up more than 2.5 million results.
The odds are that the bike you are looking to sell will be among them. Find out what other people are selling the bike for and then manage your own pricing accordingly.
All in all, there are a number of different factors that affect the question of how much is my motorcycle worth. The above can most certainly help, but the key is to not go into the process blind and to arm yourself with as much information as possible before selling.