If you have an old motorcycle lying useless in your garage, you might have wondered how can a piece of scrap, which is of no use to you, help you earn top dollar. It might be surprising, but yes, it is true. If you can find the right kind of buyer, then there is a high chance that you may end up getting a decent amount of cash in hand. Many individual buyers, who are in dire need of a motorcycle but cannot afford a new one, are willing to provide you a decent amount of money for your used one. Then there are junkyard shops, who buy motorcycles at lower prices, get them repaired, and sell them to other buyers at high prices. In both cases, if you put in some effort, then there is a high chance that you can receive good value by selling a motorcycle.
How can I extract the best value for my used motorcycle?
Some people worry that since they don’t have enough experience in selling a motorcycle, it becomes very difficult to value it. However, this is not the case. Even a person, with little or no experience, it follows certain guidelines, can earn a decent amount of money by selling a motorcycle. All he needs to do is to be prepared in advance and follow the recommendations of experts. Some of the guidelines to extract the best value for a used motorcycle are as follows:
Acquiring market knowledge in advance
When you decide to sell your motorcycle, you enter into unknown territory. You don’t have much idea about the procedures of the transaction. You don’t even know how to negotiate with the buyers at a good price. To make sure that you end up with a good value for your motorcycle, you must first acquire basic knowledge regarding the industry including the market prices and demand. Having equipped yourself with basic knowledge will help you determine the selling price of your motorcycle. You will also have an idea of whether your used motorcycle is in demand or not. When the buyer will offer you a price, you will at that instant realize whether he is faking or not.
Preparing your motorcycle
Even if your motorcycle is used, the buyers still expect it to be in a decent condition. As such, an ill-maintained motorcycle with a lot of dust does not attract a buyer. Even if he has agreed to buy your motorcycle, he may try to lower down the price if he sees your motorcycle in a bad condition. Getting your motorcycle cleaned does not require much effort and always help in closing the deal. All you would need to do is to wash it once or twice and apply some wax on the surface for shine.
Check for repairs
If you feel that little repairs are needed, then get them done. They won’t cost much and would add significant value to your motorcycle.
Ask the buyer to pay you in cash
Before you sell a motorcycle to the buyer, make him pay you the entire amount in cash. This way, he won’t be able to dupe you. Sometimes, the buyer offers to pay a partial amount at the time of delivery and promise to pay the rest in installments. However, such a buyer does not usually show up in the future. If you are accepting the amount in the form of a check, make sure you check all the credentials to avoid any confusion in the future.
If you are interested in selling a motorcycle to earn top dollar, then the best option for you is The Bike Buyers. This is a highly reputed company in the US, and with long years of experience, provides high-quality services to its clients.