Tips For Selling Your Motorcycle
Tips and More For Motorcycle Owners
Here are some tips and helpful tools if you are considering selling your motorcycle.
The N.A.D.A website www.nada.com is a good resource to determine if your asking price is appropriate. Internet auction and classified listings are also a good resource for actual market price. Be flexible, a firm price may scare buyers away (remember you can always advertise a slightly higher price to come down to your actual selling price).
There are many methods of free advertising on the internet using classified or motorcycle related websites and forums. There are also great paid methods of advertising such as internet auction sites and traditional newspaper classifieds. Keep your ad short and sweet. Highlight the assets of the motorcycles and use common tags on internet auctions sites. Keep your titles broad so that your listing can be found amongst the many others. The more specific the title, the more specific the search will need to be. Try to make your motorcycle more distinguished from the rest (ie: emphasize low mileage, the amount of accessories or low selling price).
Meeting Potential Buyers
Whenever possible, do not disclose your home address or the location where the motorcycle stored when advertising. Whenever possible, take pictures of the motorcycle at a public location. If a potential buyer wants to see the bike, try to meet in a neutral location. There have been a number of instances of theft when the bike was up for sale with the address listed in the ad or a potential “buyer” came to the home but did not purchase, and then the bike was stolen. Although there is no way to be sure the two were related, it is better to be on the safe side.
If you’re allowing someone to test-ride the bike, verify that he or she is qualified, experienced enough to handle the ride and has the proper credentials, including a motorcycle license/endorsement. Make certain anyone test-riding your motorcycle is wearing a DOT approved helmet (where required by law) and proper safety apparel. (Optional: You could ask for the down payment as a measure of collateral.)