You’ll have most likely started off by riding a 50cc bike, moped or scooter and progressed up through 125cc and beyond. It’s a great feeling, getting your next, often bigger, bike and heading out on it for the first time.
There’s no denying that, for most motorcyclists, there’s always another bike on the horizon; whether that’s a dream or a reality, there’s always a new model which we’ve got our eyes on and that typically means selling one bike to buy another.
There’s some lucky souls who are in a position to be able to own more than one, but for the most, it’s trading in to move up!
With that in mind, however, there’s a good chance you’re wondering what actually affects the value of your bike and how to get an indication as to how much it’s worth when you’ve got your eyes on something news.
First things first, when it comes to finding the value of your motorbike, your best bet is to request a free motorbike valuation from someone like We Want Your Motorbike. Within just a few hours you’ll have an offer for your bike (which, by all means take – it’s often the quickest way to getting your next model) and know what you’ve got to put towards something new.
Beyond this, however, it’s important to have a good understanding as to what actually defines the value of your bike, something which we’ll look into below.
Perhaps the main factor affecting the value of your bike, aside from the obvious things such as the original value and age, is the condition. The good news is that most bikers treat their bikes like their babies and take great care of them, however it’s important to understand that scrapes and knocks can take money off the value; it’s all about what a bike can be resold for.
A bike in poor condition isn’t as attractive to a buyer and it goes without saying that one which has been loved will fetch more than one which hasn’t.
Supply & Demand
The specific model of bike can affect the value in so much as the supply and demand. If there’s a large market for the bike you’re selling, you’ll typically be able to get a higher asking price than if there’s little demand and it’s going to end up sat in a showroom for months.
Always do your research and consider this even when buying your next model.
It perhaps goes without saying but mileage is a really important one. Even when a bike is in pristine condition, if it’s got a high mileage, it’s typically going to need a lot more maintenance and repair work in the future and, as such, will have a lower valuation than one with lower mileages. Typically, a bike will do around 4,000 miles; work out the mileage against the age to establish how yours stacks up against this.
At the end of the day, the valuation of a bike will always be based on a number of factors, however don’t be afraid to do your research and consider a number of different routes to sale when you’re shopping for your next motorcycle!