Trading in a motorcycle opens up new opportunities to get one that’s a better fit, has the latest tech, is safer to ride, and more. When it is time to trade in the motorcycle and get a new one, it is important for buyers to think about what they need. It’s also a good idea for buyers to understand what to expect during the trade-in process and how to get a better deal for their motorcycle.
Working with a Dealer or Privately
The first thing the buyer should think about is where they’d like to trade in their motorcycle and get a new one. It is possible to sell the motorcycle through a private sale, then use the funds to buy a new one, but that often isn’t a good idea. Most of the time, the rider isn’t going to get as much as they could by working with a dealer, and it can be a whole lot more complicated to sell a motorcycle privately instead of trading it in at a dealer. Instead, it’s a good idea to work with a dealer like the American Motorcycle Trading Company, as this makes it a lot easier for the rider to sell their old bike and find a new one to buy.
How Trade-In Value is Determined
Understanding where the trade-in value comes from is important, as it is possible to get a better deal by repairing or maintaining the motorcycle. The make, model, and year of the motorcycle determine the base value for the trade-in. From there, the potential price given can vary based on the mileage of the bike, how well it was maintained, and even the current market demand. A bike that hasn’t been properly maintained and that has a lot of miles on it is going to have a far lower trade-in value compared to one that wasn’t ridden as much and was kept in amazing condition.
Getting a Better Deal
There are ways to get a higher trade-in value and, therefore, a better deal when trading in a motorcycle. This includes cleaning and servicing the bike right before the trade-in to make sure it looks fantastic, timing the trade-in around peak seasons, and providing maintenance logs for the bike. Make sure the bike looks and runs great, as this helps with increasing its value. On top of that, spring and summer are often the best times to sell, because the gorgeous weather encourages more people to hit the road and travel. Maintenance logs help to show that the bike is in excellent condition and, therefore, worth a lot more.
Going Through the Paperwork
Finally, it’s time to head to the dealership. They’ll take a look and provide the rider with a trade-in amount, and then they can show the rider new bikes that may meet their needs. Once the buyer finds the right bike, they can go through the paperwork with the dealer, hand over the keys to their bike, and drive off on a new one.
If you’re ready to trade in your motorcycle, it is a good idea to work with a company that can offer the best trade-in values to help stretch your dollar a little bit more. Take the time to think about what you’d like in your new motorcycle and to get your existing one ready to sell, so you can get the best deal possible and get a new motorcycle that’s going to be a great fit for your needs.