When you initially buy a motorcycle, the last thing on your mind is the thought of eventually selling it to someone else. However, there are certain things that you should keep in mind that can have a significant effect on its resale value. Chances are, at some point in the future you will want to put it up for sale. If you want to get your money’s worth back out of it, it is important to consider all of the factors that affect motorcycle values.
The brand of the motorcycle is one of the primary factors that determines its worth. Some brands are more collectible than others. For instance, Harley-Davidson motorcycles have a rabid fan base. Selling one of these bikes is usually fairly easy, even if it isn’t in great condition. When you compare that to trying to sell an off brand bike, it is easy to see that choosing a name brand bike is a far better option.
Before you buy your bike, spend some time checking out which motorcycles have the highest resale value. Additionally, try to get a sense of how quickly the bikes are selling. After all, it doesn’t matter how much you charge for the motorcycle if you are unable to find a buyer.
The overall condition of the bike also determines how easy it will be for you to sell. It goes without saying that bikes that are in good condition are far easier to sell than bikes that have been neglected and are showing signs of wear. By taking care of your bike the entire time that you own it, you can help it maintain its value.
If possible, store your bike indoors. If you do have to keep it outdoors, invest in a good cover that you can put over it to protect it from the elements. This is particularly important in areas of the country that have harsh winters or severe weather. You may even want to pay to store it in a storage unit during the winter months. Although there is a monthly fee associated with this type of storage, it is often worth it to protect your bike from damage.
Bikes with high mileage also lose their value. Unfortunately, there is little that you can do about this other than to avoid riding your bike. However, one of the main reasons to buy a motorcycle is so that you can ride it. Do your best to keep the mileage down. Don’t feel like you need to treat your motorcycle like a showpiece, though. Otherwise, what is the point of owning it?
Staying on top of regular maintenance can also go a long way toward keeping your bike in great shape. Regularly change the oil and check the fluids. Additionally, keep an eye on the tires so that you don’t miss seeing when they need to be replaced. At least once a year, consider taking your bike in for a tuneup. A quick tuneup is relatively inexpensive and can help ensure that your motorcycle is in tip-top shape.
Keep records of all of the maintenance that you have done. That way, you can show a potential buyer that you have taken excellent care of the bike the entire time you have owned it. This can help it sell for far more money.
By taking the time to understand the factors that affect motorcycle values, you can help ensure that your motorcycle maintains its value. That way, when it comes time to sell it, you can get your money’s worth back out of it again. Additionally, it will be far easier for you to find a buyer if your bike is still in great shape.Read More