How Much is Your Motorbike Worth?

For many bikers, a motorbike isn’t just a mode of transport, but is an investment which you may eventually want to sell on. This may be because you are simply looking to upgrade, or perhaps you love collecting bikes but need to make room in your collection. Whatever your reason for selling your motorbike, you’ll want to make sure that you get the right price for it. However, you’ll need to know how much it is worth before you can set a fair price that will ensure you don’t undercut yourself. So, how can you know how much your motorbike is worth?

Use a Quick Valuation Site

If you want to get a quick valuation of your motorbike, you can use a valuation site which will give you a price and will often buy the bike from you. This is often a great option if you are hoping to get a speedy valuation and sale. We spoke to WeWantYourMotorbike.com who provide this service. They told us,

“Getting a quick and easy valuation is really important for our customers. We have plenty of people who are happy with that price and choose to sell their bike to us. However, if you choose not to sell your bike through a site like ours, it’s still a great starting point to give you an idea of how much your motorbike is worth with minimal effort and time spent doing so.”

Get a Specialist Valuation

Alternatively, you can seek out a specialist valuation through a dealership. This might be a good option if you have a unique or vintage bike. There are plenty of collectors out there who may be willing to pay a large sum for a specialty bike which may be harder to find.

If this is the case for you, it will require more time to do your research and find an expert who can give you an accurate valuation. However, you may end up getting a better price for a specialty bike if you choose to use this method.

What Could Affect the Value of Your Motorbike?

There are a number of factors which can have an impact on the value of your motorbike. If you are able to identify these, you may be able to get a better idea of the value of your bike yourself. These include:

  • Damage – it goes without saying that any damage to your bike is likely to decrease the value of your bike. Obviously, the more damage present, the more dramatic the drop in value.
  • Modifications – depending on the type of modification to your bike, this can increase or decrease the value. In some cases, modifications can push up insurance costs, so some buyers may be a little more hesitant to buy. However, some modifications which improve the look or performance of the bike may actually work in your favour.
  • Age – much like the effect of modifications, age can work for or against you. If a bike is new or vintage, you can get a high price when selling it. However, if it falls in between these, it is likely to be losing value as it ages.

Getting a valuation is important when you are trying to sell your bike. Unless you are an expert yourself, it can be difficult to know how much your motorbike is worth, so selling without knowing this may result in you losing out.

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