The Sell my motorcycle guide in this blog will help you understand all the details you may have to follow to get a good deal! Expecting good cash for motorcycles is not a distant dream. There are buyers such as motorbike dealers who are ready to pay you a good amount. Even if your bike is not in running condition, you can still expect to get a reasonable deal for it. In case some of the motorcycle parts are still working, you can get an even higher amount! And that too, in a short time. You don’t have to wait for months for the deal to be closed. You will only need a few documents and you are done. However, if you wish to get the best deal, you need to be prepared in advance. Let’s read about the process in detail:
How to Sell My Motorcycle in 2021
If you have a used car sitting in your garage, then it’s probably the right time to sell it off! Used cars sales have shot amidst COVID 19 spread as most people resorted to personal vehicles over public transport. With aggravated demand, the prices of used cars are increasing substantially, and you can expect to get a great deal. Besides, since the economy is down, consumers are not buying brand new cars, benefiting the used car business.
Sell My Motorcycle Online: All steps explained
Selling a motorcycle has never been easier like it is today with online portals at your disposal. You can access them anytime and anywhere from your mobile or laptop. The conventional way of visiting junkyard shops has become outdated. Besides, people don’t have enough time to spare in exploring the market. Instead, they leave it to dedicated websites that do the job for them. The online portals connect the buyers with sellers in no time.
How to sell my motorcycle online
Start with market research
Knowing how the market operates is essential if you wish to get a profitable deal from the sale. You need to be aware of the market prices of used cars. Since the prices of used vehicles vary depending on the condition, it’s difficult to predict the exact value.
Get your car valued
Before you move forward and start communicating with the motorbike dealers, get your car valued. The buyers will first ask you what price you are expecting. If you don’t have any idea about the worth of your vehicle, the buyers will then put forward their price, which may be lower than the market value. Therefore, it’s better to get an approximated price for your car. For that, you can visit websites that provide free offers. You will find a form on the page where you will have to fill in the details, including the model, make, mileage, and year of your car. Besides, you will have to mention your details, including your location and contact number.
Set a selling price
Negotiating with the buyers can be challenging, especially if you don’t have any prior experience. The buyers will try to bring down the price of the sale. It’s therefore advisable to set a selling price in advance. Also, put the price slightly higher than what you are expecting from the sale. This way, you will have a margin to negotiate with the buyers.
Evaluate the offers
Don’t be carried away when you receive multiple offers. You don’t need to hurry to sell your motorcycle. Instead, you need to see if the offers you are receiving are genuine or not. Make a list of all the offers that are falling within the market value range. Discard the proposals that don’t seem to be correct. Start communicating with the buyers and try to get more information about them. Go through their profile and read client reviews. Once you have finalized the right buyer, you can proceed forward with the negotiation process.
Communicate with the motorcycle dealer
Start with mentioning your expectations from the sale. The buyer will then put forward the offered price. Try to set a value below which you won’t accept the deal. Once you agree on a price, you will have to share your documents, including the title, warranty papers, service records, etc. The buyer will share the operating license.
Arrange a meeting with the motorcycle dealer
You need to meet in person with the buyer to discuss the details of the sale. Though you may have discussed it on the phone, face-to-face meetings are always better. It’s easier to know each other and clarify your doubts. Besides, you can also arrange for a test drive. This way, the buyer will have a better idea of your car’s condition. However, make sure that you select a safe place for the drive. Besides, since the site will be far away from the central city, ask someone to accompany you for support.
Ask the buyer to pay in cash
Before you hand over your motorcycle to the buyer, ensure that you have received the entire payment. Ask the buyer to pay in cash as it is the safest mode of payment. You don’t have to worry much about the credentials of the buyer. Besides, you can spend the amount the moment you receive it!
Inform your insurance company
Once you hand over the bike, there is no point in paying yearly premiums to the insurance company. You will therefore have to ask the company to cancel your policy. However, when you cancel the policy, you have to pay the penalty for it. In case you are planning to purchase a new car, you can get your policy transferred.
Get your registration canceled
Even after handing over your motorcycle to the buyer, you will still be considered its owner. To relieve yourself from any future liabilities, you need to get your registration canceled. For that, you will have to contact the local department of the motor vehicle and inform them about the sale. You will have to submit the bill of sale as evidence of the transaction.