How Accidents Impact Your Motorcycle Resale Value

1. How Accidents Impact Your Motorcycle Resale Value

2. Did you know the fact that the moment you take your new motorcycle out of the showroom, it losses 20% of its original value? And its depreciation value starts from there. Not only this, but the resale value of your two-wheeler also decreases with the increasing passage of time. So, at the time of doing a bike valuation online, you must consider the year of manufacturing, condition, and overall performance. One more factor which is responsible for decreased or increased resale value of your motorcycle is the frequency of accidents. In case, your motorcycle has met with an accident recently or in the past, then also, its resale value decreases exponentially. Not just the price, but even the insurance value gets decreases after facing an accident or multiple ones in the past.

3. The resale value of motorcycle after accidents You must know the fact that a major or even minor bike accident has an adverse effect on its resale value in the marketplace. It is due to the fact that accident causes several bumps, broken parts, mechanical or electrical failure, etc. In a way, the bike losses its original authenticity after meeting an unexpected accident. As a result of this, you need to change parts, the overall framework, mechanical parts, and more. The urgent repair work of a motorcycle not only incurs an extra set of costs but further degrades the resale value to an optimum extent. The re-fitment of several motorcycle parts along with modified outlook, denting, and painting work greatly affect the original valuation. It results in getting less than expected reselling prices in the marketplace.

5. What happens to insurance value after accidents? Another negative aspect of a motorcycle accident on its resale value is not availing of complete insurance benefits. When your bike faces an uncalled hit or a bump, you claim the insurance to do the necessary repair work and replacements of parts along with the structure. Due to this, the insurance value depreciates to an optimum level. And in the near future, you will not get the same insurance value of your motorcycle as before. Therefore, it is imperative to avoid bike accidents as best as possible to maintain authenticity and avail of the expected valuation while selling.

6. Different ways to maintain your existing bike? At times, accidents can be avoided to a certain extent. Especially, when you take the best care of your motorcycle by following the necessary maintenance tips. To ensure your and your motorcycle's safety, make sure to follow the below-mentioned tips: Take care of your motorcycle tires by checking the air pressure, repairing a puncture on time, and even replacing worn-out tires to avoid unexpected falls. Ensure regular bike servicing to maintain the engine and its capacity to an optimum level. Sometimes, even engine failure can cause your motorcycle to stop in the middle of the road and suddenly be hit by an approaching vehicle. Check the handlebar and wheel balance of the bike before moving out. An unbalanced wheel or handlebar might cause unnecessary twists & turns. And this might further result in hitting any vehicle or an object. Repair the broken parts of the motorcycle well on time to avoid free falls on any road condition. ● ● ● ●

8. Concluding Thoughts When it comes to reselling the existing motorcycle, numerous factors are taken into consideration before checking the two-wheeler valuation online. One of the affected factors is the accidental condition of the motorcycle which might result in broken parts, lights, and the overall framework. It is imperative to maintain the bike's condition regularly to increase its resale value. Also, get access to the Wheels of Trust (WOT) platform to check bike value, avail of the expected price, and an exchange offer without spending much. WOT is a specialized service offering of Hero Motocorp brand that allows existing bike owners to sell their vehicles online and buy a brand new one cost-effectively.

9. Thank You!!