The Best Way To Sell A Motorcycle: The Only Guide You Need To Know
What's the best way to sell a motorcycle? Should you inform everyone in your immediate social circle that you are selling? Does the internet come in handy? Is the closest vehicle lot your best bet?
These are all questions you will have to answer as you try looking for the best way to sell a motorcycle. In the guide below, we will provide you with answers to each - and more. Further, you will understand everything there is to know about motorcycle sales.
With so much competition in the market, finding the best price for your used motorbike is easier said than done. In fact, there are many things you should do to increase the final sale price for the bike. Use the guide below to help yourself:
What Will You Need
The best way to sell a motorcycle used to be easy. All you had to do was park it with a FOR SALE sign or advertise it in the classifieds of a local daily, and someone would show up to buy it.
Today, you need to be smarter than this. Here's what you are going to need to speed up the process at which you get rid of your current speedster:
- Various miscellaneous, such as an owner's manual, service manual, spare parts, and extra keys
- Used vehicle information package (if applicable in your state)
- The best advertising outlet
- Safety certification
- Proof of motorbike endorsement issued by the Department of Motor Vehicles
- Proof of bike insurance
- History of the bike
- Ownership documents with your name and the bike's VIN
- Bill of sale
- A formidable sales pitch
Step By Step Instructions
That said, this is the best way to sell a motorcycle:
1. Clean It Up
The first step would be to clean your motorbike up. Although this might seem obvious, you'd be surprised by the number of people who try to sell bikes covered in grime and dust.
Apart from the general cleanup, you should also clean such areas as under the seat. Failure to do this might lead to some potential buyers refusing the bike on account of the dust and tell-tale mud that might be stuck under there.
In the same way, it would help if you ensured that the battery terminals are clear of any buildup of calcium.
You should also remove surface rust from all metal and chrome parts. Where possible, get a touch up on the paint.
As long as you make it obvious that you patched the bike up and got it as clean as possible, you shouldn't have a hard time selling it.
2. Remove Extra Accessories
Although you might love how your bike is kitted out, not every buyer will be enthusiastic about all the extra add-ons. In fact, you have a higher chance of selling the accessories as parts on eBay than selling them as part of an expensive used bike.
Talk to any dealer, and they will inform you that performance accessories might depreciate the final sale price of a motorbike. This is because such accessories make it look as if a bike has been thrashed.
However, if you choose to sell the bike with the accessories, you should ensure that all the original parts (mirrors, bars, racks, exhaust pipes, and so on) are included.
3. Research The Price
The best way to sell a motorcycle for profit is to ensure that you know its value and market worthiness. If you check online bike selling websites, you will discover that most people have inflated views about what they should get for their bike. Others list high prices to create some room for negotiation with interested buyers.
However, this will only deter inquiries. A better alternative would be to set the right market price. To do this, check with any of the bike valuation companies that most dealers use (such as Glass' Guide).
4. Get It Checked
The next step would be to ensure that your motorcycle is duly checked and fixed by a qualified and experienced mechanic. In some states, you need to show that the bike is roadworthy by providing a valid safety certificate before you can sell it.
However, you will also get peace of mind when a buyer goes on a test drive or rides off after the sale knowing that the bike won't fail them. In the evaluation, ask the mechanic to check such basics as tire pressure, chain, oil, and battery.
5. Gather Documentation
Before you jump into the best way to sell a motorcycle, ensure that you have all the documentation you are going to need. These include proof of ownership, service and maintenance records, remaining warranty, and finance details.
Since buyers will want to review these documents, you need to get them sorted. Keep in mind that well-maintained motorcycles tend to fetch higher prices. Similarly, the right documentation will provide the reassurance interested buyers are looking for.
The best way to sell a motorcycle is over the internet. There are many online classified ad listing websites where you can put up your motorbike. Most of these websites will ask you to post everything there is to know about you and the bike - including your state, city, and street address.
7. Be Honest
Never give outlandish descriptions of the motorbike. All that is required is as many details as possible. For instance, you can mention that you've never ridden in the rain, dropped your bike, and so on. You can also include the kilometers and how much time is left on the registration.
If possible, inform interested buyers about any extra accessories that are still left of the bike. Further, state that you have all the maintenance records for the motorbike.
8. Take Photos
While listing a bike for sale, you should include photos to paint a better picture of the real condition of the vehicle. Show all the angles and upload high-quality photos. Where possible, take the photos against a plain background.
9. Showing The Bike
After you've arranged a viewing with potential buyers, invite them over for a test drive and close-up look at it. However, before they get on the bike, ask them to provide the following:
- Proof of bike endorsement by the DMV
- Proof of motorbike insurance
- Signed waiver bearing responsibility for repairs in case of any damages and wreckage
- Driver's license
10. Close The Deal
If everything goes well and you agree to a final price, close the deal. Then, transfer the ownership documents to the buyer.
At this point, you should also accept payment. The best way to sell a motorcycle is to take cash or a cashier's check. In fact, you might want to steer clear of any buyer who offers personal checks or money orders.
Once you understand and internalize the best way to sell a motorcycle, you should have fun getting rid of any bike while preparing for an upgrade to an even more powerful machine.
The guide above will go a long way in making the transition smoother, faster, and more decent for you and the buyer. Use it the next time you are thinking about selling your bike, and you'll improve your chances and reduce any potential risks.