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Looking to sell your used motorcycle? Here are some tips to keep in mind to help find a new home for your beloved old bike.
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GET IT RUNNING Arunningbikeisworthmuchmorethanabikethatneeds repairinordertorun.Bargainhuntersloveseeingthetag “Ranwhenparked.” Theyknowthatyou’vejusteliminated 75percentofyourpotentialbuyers,andthatyou’llhaveto sellatareducedprice.
FIX THE LITTLE THINGS Everyusedbikeneedsafewlittlerepairs.Youknow – that missingscrewonthefairing,thatloosefootpeg,thathorn thatsqueaksinsteadofblowing.Thelittlethingsthatonly takeafewminutestotweakandfixcangreatlyinfluencea potentialbuyer’simpressionofyourbike.Fixthem,andyou canexpectaquickersale.
DETAIL Beforeyouphotographyourbikeandshowittopotential buyers,giveitathoroughdetailing.Aclean,polishedbike cancommandtopdollar,andwilldazzlepotentialbuyers intooverlookingminorflawsandblemishes.
PART IT OUT You’llnevergetthefullvaluefortheaccessoriesand modificationsthatyou’vemadeonyourbike.Wherever possible,removeaccessoriesandreturnthebiketostock condition.Selltheaccessoriesseparately (andgetmore moneyforthem),orofferthemtoapotentialbuyertohelp closethedeal.
GATHER THE RECORDS Haveyousavedreceiptsforservice,oilchangesand repairsovertheyears?Puttheminorderinabinderfor buyerstoinspect,andincludethemwiththesale.Offerto includeshopmanualsandowner’smanualsifyouhave them.
COLLECT THE PAPERWORK Findthetitle,registrationandothergovernmentpaperwork foryourbike.Ifyourbikeisfinanced,contactyourlenderfor apayofffigureandaskhowtohandlethetransferof ownership.Getalltheformsandinstructionsinordersothat youcancompleteatransactionwithabuyerimmediately, notgivingthemtimetoreconsider.
DETERMINE THE PRICE Doalittlebitofresearchtoseehowmuchbikeslikeyoursare sellingforrightnow.ADSCTisagoodplacetostartfornational trends.Besuretosearchcompletedauctions/salesratherthan askingprices.Checklocaldealerinventorytoseeifyourmodelis ontheusedbikefloor.Then,makearealisticassessmentofyour bike’scondition,mileageandvalue.Knowthatmostpotential buyerswillexpecttonegotiate,sobesurethatyouhaveafirmidea ofyourbottomline,andleaveacomfortablemarginbetweenyour bottomlineandaskingprice.
TAKE YOUR BIKE TO THE BUYERS Nowthatyourbikeisreadytosell,andyouknowhowmuchyou wantforit,putyourbikeinapositiontofinditsnextowner.Istherea localCars & Coffeeeventinyourareaontheweekend?Preparea “ForSale” sign,andbringyourbiketotheshow.Doyoubelongtoa motorcyclecluborHOGchapter?Takeyourbiketothenext meeting,andleteveryoneknowthatyou’reseekingabuyer.Just advertisinginthelocalclassifiedadsisn’tenough – nobodyreads thepaperanymore.
DECIDE ABOUT TEST RIDES Iwouldneverbuyausedbikewithoutfirsttakingitonatestride. Butmanysellersarenervousaboutallowinganyonetotaketheir bikeoutforaspin.Iwouldonlyallowatestridetoalicensed, insuredmotorcyclistwhohasalreadymadeathoroughinspection, andwhohasdemonstratedthattheyhavethemeanstoactually purchasemybike.Ifwe’veagreedtoaprice,Imightagreetoa shorttestridewithveryspecificconditions.Trustyourgut – ifyou feelunsure,don’tletithappen.