What to pay for the new or used motorcycle you are looking at?
Determining an accurate value when looking to buy a motorcycle can be a tough challenge sometimes. Brand new motorcycles usually have a set value which is dictated by the manufacturer. Used motorcycles have many variables that come into play when calculating a true worth. There are a few major things that can drive what a motorcycle is valued at, and they are listed below:
Year, make, and model
New motorcycles will have a high price tag compared to an older version that is a few years old. Some Harleys, specialty bikes, and antiques are exceptions to this rule, with values that generally increase over time.
Style of motorcycle
Different types of motorcycles bring different prices. Cruisers, sport bikes, dirt bikes, and custom choppers are the general categories and should only be compared within each genre of bike.
Engine size
Bigger engine sizes generally carry a larger price tag and insurance cost, no matter what the type of motorcycle. You can compare buying a larger sport bike with a fast sports car. Expect the insurance man to want big $$$ to insure it, because they assume you are going to be driving fast (surely not!)
Overall mileage
High mileage on motorcycles isn't as much of an issue as with automobiles because of greater engine durability. As with buying a car, check to see how well the original owner maintained the bike, and request detailed service records.
Physical condition
Scratches and dings are fairly common on used motorcycles. The overall appearance and total amount of damage is what is important. It is usually very clear by just looking at a bike how well it has been taken care of.
Market conditions
The economy can affect the value of a motorcycle, especially with gas prices on the rise. The values of used motorcycles have gone up recently because of the high demand.
Time of year
Used motorcycles sometimes sell for more in spring or summer. Try to purchase in the winter time, and sell in the right before or during spring to take advantage of the upcoming riding season.
Demographics
Motorcycles will be valued higher in some parts of the country because of climate patterns and traffic considerations. Look in the local paper and go look at a few similar models to get an idea of an average asking price in your area.
Above all, do your homework and research and plan what you are going to buy. Proper due diligence is important for your safety and to get a good deal on your new motorcycle purchase. Happy riding!
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