If you find yourself in possession of a bike that just doesn’t fit your lifestyle anymore, maybe it’s time to consider selling. And if you already are, here are a few friendly points of advice when looking to sell. While common approaches include craigslist ads and for sale signs as it sits pretty in a heavy foot traffic area, these often return void, taking much longer than expected and often producing a profit lower than hoped for. Here are a few tips to help sell your motorcycle online and get the price you want in the time you need it.
Sell a Clean Bike
Before listing your motorcycle for sale, it is important to make it look presentable. Giving it a thorough wash and even a waxing treatment can make it look like a whole new bike. Get rid of any dirt, grime, or oil from the engine, transmission, forks, or anywhere it might accumulate. Ensure that you are aware of any mechanical issues that may exist and include them in the ad once you post one. Make sure your expectations for the asking price line up with any issues that your motorcycle may have.
Creating a strong, attractive ad is the first major step in finding a buyer for your motorcycle. The ad needs to be clear, to the point, and pictures are very important. Again, make sure any issues with the bike, mechanical or aesthetic, are included in the info, because honesty really is the best policy.
Deciding how much you want to get in return for your motorcycle can be one of the most difficult parts of selling. Of course, you want a fair price, but figuring out what that is can be tough. Consult a motorcycle training expert to find a good price point for your bike. A good way to appraise whatever you have on your hands is to search the market yourself. Look for bikes similar to your own, and get an idea this way of what it may sell for. This will also give you a heads up to the competition you have in selling, and what prospective buyers will be willing to pay. The NADAGuides is also a good reference point for pricing.
Something else to be considered is the amount of customization that’s been done on the bike. Oftentimes, a private seller will value their bike at a much higher price than what someone would be willing to pay because of the amount of money invested into customizing the bike. Unfortunately, this doesn’t always add that anticipated value. Not everyone is going to love your customizations as you have chosen to add them. On the contrary, mechanical additions will most likely add much more value to a motorcycle than simple aesthetic custom features.