There is more than one way to skin a cat. So, you are likely to find more than one way to do this online. But, the fact remains that selling your bike is a mix of science and art. A time comes when you need to get rid of the old to create space for the new. Or, you are going through tough financial times, you’ve outgrown your bike and so many other reasons.
I am not talking of a quick sale for almost rock bottom prices. I am writing this for motorcyclists who want to get top dollar from their bikes. I know riders keep their bikes I excellent conditions. My experience? I have sold so many motorcycles, I have become an expert at it. Earlier in my career, I took a few financial baths but, I learned from that. Now, I make dough or at least break even.
If you want to hock your bike, keep these in mind.
Get your paperwork in order
You have to deal with the paperwork first and get it out of the way.
I always advise that you sell your bike yourself as a dealership takes around 10-50%. That’s a lot of dough. Doing it yourself ensures you get a larger payday.
So, have your bike’s title as it proves ownership and can be used to transfer the motorcycle. Have the sale agreement and Vehicle Sale Holding Deposit Agreement. A buyer is more willing to commit if they have the sales condition and they have left a deposit. Also, the Vehicle Test Drive Agreement may come in handy.
Know the price
Well, you can’t live and die by the book value. Go to online listings to find a gauge of the value of your bike. Always keep in mind that the asking price isn’t the selling price. If you are too ambitious buyers won’t come knocking. If the price is too low, you are leaving a lot on the table.
Choose the selling venue
You need to know where to find your target market. For instance, if you have a high-priced bike or antique, eBay gives you the best audience. Selling a European stock bike? A motorcycle importer will do. A cheap, easy sale? Craigslist. A custom build V-twin? Cycle Dope. Older bike? Try your local AMCA swap meet.
Prepare your bike
Ensure the bike you are selling is functional and actually running. Take a long ride to see if everything is working. You can’t sell a bike with a dead battery and gummy carbs. And spiff it up a bit. Make it shine. Have a clear photo shot of your baby and if there are damages, show them. This really helps when you are running ads. Remember to clear your schedule for anyone who wants to come to see the merchandise.
And once it’s sold, kiss it goodbye!