Tips For Selling Your Motorcycle
If you are looking to sell your motorcycle, now is the best time to do so! Demand for quality pre-owned bikes continues to remain strong, with more riders today picking used bikes as an affordable alternative to buying new. Potential buyers are also interested in various types of used motorcycles. From cruisers, and touring bikes to sport bikes and adventure motorcycles. There's a healthy market for just about every style.
Below, we've put together a few helpful tips to making selling your motorcycle as smooth and as rewarding as possible!
Do You Have The Title?
Before selling a motorcycle or any vehicle for that matter. The first thing you should do is make sure you have the title available. A title is a official document that proves ownership and confirms the legal right to sell a vehicle. It also serves as the paperwork that transfers ownership to the buyer. Without a valid title, the buyer may not be able to register the bike or legally operate it on public roads.
What If I Don't Have The Title?
It's not uncommon for important documents to get misplaced over the years. If you have lost your vehicle's title you may still be able to obtain a replacement. The first step is to contact your local DMV and request a title replacement application. Depending on your state you may be able to download the form online or pick one up by visiting your local DMV office.
Can I Sell My Bike If It Has A Lein On The Title?
Yes, you can sell a motorcycle with a lein on it. However, the lein must be resolved before the title can be transferred to the new owner, so it's important to understand your options before moving forward. One option is to pay off the remaining loan balance before listing the bike for sale. If you prefer to use the proceeds from the sale, you and the buyer can coordinate payment so the outstanding balance is paid off and the lein is released . Once the lein is cleared , the title can be transferred according to your state's requirements. Another option is to sell your bike to a dealership. many dealerships have experience handling financed motorcycles and may be able to pay off the remaining loan balance directly to the lender, deducting that amount from your offer. This can be the simpler option than arranging a private sale. If you're unsure on how to handle a lein on your motorcycle give us a call 8172831650 to see your selling options and how to make the process as smooth as possible.
Know The Bike's Value
Once you've found your title or waiting for a replacement, the next step is determining how much your bike is worth. We all have sentimental value to our motorcycles, especially after all the memories and miles you shared. However those personal connections don't always translate to a higher seller price. Keeping an objective perspective can help you set a realistic price and attract potential buyers.
Start by checking trusted resources like JD Power and NADA to get an estimate on the market value for your motorcycle. Comparing these sources will help you establish a competitive asking price and put you in a better seller position.
What Factors Affect A Bike's Value?
Examples would be age, mileage, appearance, condition, and modifications.
What Is The Best Way To Sell A Motorcycle?
You'll need to choose between private sale or selling to a dealership.
Private sale sometimes you can get a bit more money, however they may require a bit more time - You will have to list the bike on marketplace or other classified websites that involves posting pictures and description of your motorcycle.
Selling To A Dealership
This is the "I want to sell my bike fast" option. If this is the case then selling to a dealership might be the best fit. You might spend weeks or months for a potential buyer and then have to arrange both of your schedules to meet. A dealership might not give you as much as you want out of the sale, but you won't have to deal with multiple people contacting you at all hours and days of the night. You won't have to haggle with each buyer and then possibly setting up shipping which would cost more.
