A motorcycle is a vehicle that offers its riders a sense of freedom and individuality. Whether riding on the open road or exploring more rugged environments, a motorcycle provides an experience unlike any car or other off-road vehicle. From time to time, motorcycle owners must sell their beloved bikes. These methods can help assist in that process.
Pricing the Motorcycle
Before the selling process can begin, owners must determine the value of a used motorcycle. There are many aspects to consider when valuing a motorcycle. The type of bike plays a major role in the value. Some brands are worth a lot more than others. Identifying the brand, year, and other identifying factors is the first step in determining the right price.
The condition of the motorcycle is also an important aspect of the value. A bike that is like new will be worth more than one that needs work. Any additional features, added equipment, or mileage of the motorcycle will also affect the value. Fortunately, there are guides available to help with this process. These guides offer a price range for specific bikes and their conditions at the time of the sale.
Where to Advertise
Advertising the motorcycle will bring attention to the sale. To attract potential buyers, creating an ad that details the bike being sold is necessary. This ad must provide potential buyers with detailed information about the bike and its condition. The ad should also provide clear photos of the bike.
The next step is to place the ad where potential buyers may see it. Many people simply post in their local newspaper or on Facebook’s Marketplace. However, choosing a website that is geared towards motorcycle riders may be a better way to attract customers that know the bike and its value.
When to Sell
Late fall and winter bring harsh weather and dangerous road conditions in many parts of the country. Often, people limit their travels during these times and may even remain indoors until the spring. When spring arrives, these individuals want to break free of their winter restrictions and get out on the open road.
The spring and early summer are when motorcycles are in most demand due to the need to get out in the nice weather. Even those not into motorcycles are more likely to begin their interest at this time of year. If selling a motorcycle, this is probably the best time to do it. More demand for the bike means a higher chance of selling quickly.
Meeting Potential Buyers
When a potential buyer shows interest in the motorcycle for sale, they may want to meet to see the bike. When this occurs, sellers must take steps for their safety. Whenever possible, these meetings should be in a public place.
Test driving the bike is often a request by many potential buyers. However, this could be difficult to allow safely. For example, if the buyer takes the bike out and wrecks it, then they are not likely to purchase it. This situation leaves the seller with a damaged bike and no money. Consider requiring payment to be held for the test drive. If they choose not to purchase the bike, the money can be returned when they return the bike.
Making the Sale
When a buyer is found and the sale is imminent, sellers must prepare all the necessary paperwork to transfer ownership. Each state has a different process for this transaction. Be sure to check the laws surrounding the transfer of the title and other necessary steps for a smooth sale.
When meeting for this transfer, sellers should have all paperwork ready upon arrival. Provide this paperwork and transfer materials only after payment is received. Upon completion of the process, the buyer will have a new bike, and the seller will have the cash.
