Have you ever planned to relocate to a new city or noticed a friend doing the same? As a part of relocating sometimes, the person has to sell off various goods including their motorcycle. It's not very convenient selling an old motorcycle and it can certainly be a very stressful task because you need to analyze various factors in order to get a fair price for the bike. Some of the common questions which generally arise in the mind of the people while selling a used motorbike are - how to sell a motorcycle? how much is my bike worth? How to conduct a negotiation with a buyer? If you wish to get the perfect answer for various questions that may arise in your mind while selling an old motorcycle then it will certainly be wise for you to go through the below lines and thereby get the opportunity to handle the process of selling a used bike in a perfect and smart way.
There are alternatives where you can go find a broker who will do all this for you, but that comes at a cost and they will take their cut from your sale. So, we've made this guide for you if you want to sell off your bike without involving any brokers or middlemen.
Tips on How to Sell a Motorcycle Like a Pro
1. Conduct a thorough research while determining how to sell a motorcycle
This is the first and foremost important point that you must analyze in order to get the best motorcycle sell price and even handle the stressful process of selling your bike smartly.
Some of the major points on which you must conduct a research are:
- Whether the model of your motorcycle is currently available in the market?
- What is the current condition of your motorcycle?
- Determine the used bike prices of the same model of bike.
- Does the specific model of your motorbike have a huge demand in the market?
- What are the used bike prices of the similar model of bike offered by other sellers on the market?
- What will be the appropriate used motorcycle value or used motorcycle prices of the specific model?
- Are there any custom or aftermarket parts installed on your bike? (Those can increase the value)
- How much has the bike been used?
Besides the above points, if you want to sell motorcycle like hot cakes, then it will also be wise for you to compare your motorcycle with the same model of a used motorcycle on sale. This tip will help you to determine and even judge whether you will be able to get the best price for your used motorcycle. It will always be wise for you to go through a popular website or a reputed local reseller in order to determine the current price of a new motorcycle of same brand and model as it will help you to determine the price that you must be fixed to sell your motorcycle.
2. Ensure to inspect the motorcycle by hiring an experienced mechanic
This is also one of the major points that you should consider while determining how to sell the motorcycle. It will be wise for you to hire an experienced mechanic in order to analyze any sort of faults that need to be repaired. Make sure to keep in mind that a motorcycle which has been maintained properly will certainly attract a number of prospective buyers than the one which has lots of scratches and even various types of mechanical issues.
3. Make sure to remove the extra accessories
Have you fitted any extra accessories on your bike? If yes, then make sure to remove them because the likings and preference of your prospective buyers may not be similar to that of yours. In order to sell your motorcycle at best possible price, it will be wise for you to just keep the original accessories which are included in the bike. If those accessories are improving the performance, then the new buyer might be interested and you might get a better deal.
4. Devote time in washing and waxing your used bike
Nobody will certainly be interested in buying a used bike which looks dirty and hence, it will be wise for you to devote some amount of your valuable time in washing and even waxing it in a proper way. A properly cleaned bike will not just only look attractive but it also highlights that you have taken an utmost level of care to maintain it in a proper manner.
5. Make sure to have detailed knowledge about motorcycle
Unable to answer the questions about your motorcycle to your prospective buyers can certainly be a very daunting situation. Hence, it will always be wise for you to gain as much information as possible about your motorcycle as it will help you in selling the bike in a convenient way. While having a conversation it is certainly necessary to highlight the benefits that a buyer will be able to enjoy after owning your motorcycle. Ensure to communicate each and every attribute of your bike to the prospective buyers to sell it at the best possible price. Remember, the prospective buyer would have come with their research as well. Here is what a buyer will check before buying second hand bike so make sure you are aware of these things.
6. Take few pictures of your bike
After you have washed the bike in a proper way, it will be wise for you to take few pictures of the motorbike in different angles. Make sure to choose a clean background while capturing the images of your motorcycle in order to ensure that the mind of the person watching the pictures doesn’t get distracted in any way. Besides this, unique pictures of your bike will help it to stand out in a crowd in a smart way.
7. Do you have the necessary papers and other important things related to the bike?
This is certainly an important point which you must consider before selling your motorcycle. Make sure to check that you have all the necessary papers related to your motorbike. Some of the papers and things which are required while selling your old bike are-
- Ownership document
- Receipts related to bike maintenance
- Service manual
- Extra Keys
8. Choose an online marketplace to sell your bike
Some of the common questions which generally arise in the mind of the people selling a used motorbike are where can I sell my motorcycle? Which is the best place to sell my bike? If you are planning to sell your motorbike privately then it will certainly be wise for you to choose one of the most reputed and reliable online marketplaces that deal in selling a used motorcycle. An online marketplace is certainly the best platform to sell your bike because you will be able to meet lots of prospective buyers in an easier way.
9. Promote the positive aspects of your bike smartly
After you have chosen a reputed online marketplace for selling your used motorcycle, it will certainly be wise for you to analyze some of the unique ways by which you will be able to promote the positive aspects of your bike to prospective buyers. Make sure to keep the advertisement short and even unique in order to attract more number of buyers towards your motor-bicycle.
10. Ask for a down payment before offering your bike for a test ride
This is certainly a very important question that you must analyze if you are wondering how to sell a motorcycle. If a prospective buyer requests you for a test ride then ensure to take some amount of money as advance as it will help you to get rid of the cost repairing that may be needed in case the other person returns you the bike after damaging it.
11. Negotiate with the prospective buyer smartly
This is certainly a major point that you must analyze when you are planning on how to sell a motorcycle. Even though you have already highlighted the positive aspects of your bike through the advertisement on the online sites dealing in used motorcycle sale but still, everything depends upon the way you are going to negotiate with the prospective buyer. While having a conversation with your prospective buyer, it will always be wise for you to analyze his expectations and even requirements. Try to determine what will motivate your buyer as it will help you to convey him related things about your bike in an easier way.
12. Try to motivate the buyer for buying the extra accessories
If you are wondering how to sell a motorcycle then this is also a vital point that you must analyze in order to sell the extra accessories to a prospective buyer in a smart way. Try to motive him that the extra accessories will not just only add value to your bike but also enable you to enjoy a comfortable ride.
13. Don’t just accept an offer just by having a conversation with single buyer
If you wish to sell the used motorcycle for the best value for money then it will be a smart decision to have a conversation with at least 5 to 10 number of prospective buyers to enjoy the best deal in a smart way. Besides this, while analyzing how to sell a motorcycle you must set a list price for your bike which will not just only be according to the current market price but must also be reasonable. You can also go through the used motorcycle price guides to determine the best price for your bike in a convenient way.
14. Prepare the bill of sale
After you have successfully negotiated with a prospective buyer for selling your used motorcycle at best prices, it will be wise for you to prepare the bill of sale in a detailed way. In order to deal with the process of how to sell the used motorcycle in a convenient way, make sure to include all the necessary points in the bill of sale such as registration number of the bike, seller’s name, buyer’s name, motorcycle sell price etc.
Make sure to consider the above tips and even check the used motorcycle price guides if you wish to sell your motorcycle at best prices and even get the answers to some of your common questions such as how much is my bike worth? where can I sell my motorcycle? How to sell my bike? We hope that the above tips will enable you to deal with the process of how to sell a motorcycle in a perfect way.
Besides this, feel free to share any other tip that may have helped to sell your used motorcycle at the best possible price.