Are you thinking about trading your bike? It’s a great decision that will give you some extra cash and the ability to upgrade to a newer model. In our guide, we’ll show you how to find your bike’s trade-in value and we’ll also offer a few tips on getting the best deal.
Which Factors Determine Motorcycle Trade Values?
Several factors determine bike trade-in and resale values, including:
- Book pricing. These figures are based on a bike’s brand, model, condition, mileage, and add-ons. Before trading, research values for comparably equipped models.
- Buyer demand. As with other products, motorcycle trade values are governed by the law of supply and demand. If there are hundreds of bikes on the market, but not enough new buyers, prices will go lower. Conversely, high demand and limited supply lead to price increases.
- Add-ons. Motorcycle trade-in values are also affected by buyer appeal and customization. If you’ve added aftermarket parts, the value will go up if those mods are popular among buyers.
- Condition and age. A bike’s physical condition and age largely determine its resale or trade value. If your motorcycle is a new model in road-ready condition, it will bring more than an older one with mechanical flaws.
At the American Motorcycle Trading Co., we make it easy to trade in your motorcycle. Click to text us and we’ll help you through the process.
Calculating Trade Values
Market research will help you determine price ranges for similar models—and get the most money for your trade. Follow these easy tips to find your bike’s resale value.
- Decide which kind of valuation you need. If you’re trading a bike, the first step is to choose a valuation type. While book value comes from manufacturers and pricing guides, market value is based on buyer demand.
- Research. You’ll need basic information on the bike’s brand and model, its age, condition, mileage, and add-ons.
- Crunch the numbers. Next, you’ll compare prices from local dealerships and online marketplaces to get an idea of what bikes are going for in your area.
- Read guidebooks. Buyer’s guides and websites also provide accurate estimates of motorcycle trade-in values, and they give you the information needed to negotiate with dealers.
- Get it appraised. If you’re not sure of the bike’s value, consider getting it appraised. Professional appraisers can offer accurate valuations and insights into the used motorcycle market.
The dealership or manufacturer you bought the bike from can also offer information on value. Dealerships typically have access to pricing guides and can offer estimated trade-in prices.
Tips for a Better Deal
Now that you’ve learned how to determine your bike’s trade-in value and which factors affect it, use these tips to get a better deal.
- Maintain it regularly. Clean and fix your bike before trading. A clean, mechanically sound motorcycle will command a higher price than a dirty one with issues.
- Invest in popular upgrades. Installing new parts and adding features may increase trade-in value, but it’s important to choose upgrades that are popular and offer long-term benefits.
- Know your bike. By learning about motorcycle trade-in values, you’ll get a better deal when upgrading.
Finally, you’ll need to prepare for negotiations. Dealers and sellers expect a bit of haggling, and it’s best not to settle for an initial offer. With these bargaining tips, you’ll get a better deal when trading your bike.
Get Started
Understanding trade values will help you maximize the bike’s resale price and get a better deal when upgrading. With preparation and planning, any rider can get a bigger bang for their buck at trade-in time. Contact us today to learn how easy trade-ins can be.