Why you need to know the re-sale value of the motorcycle you are buying

Buying a new motorcycle can be an exciting time, but you should never let yourself get carried away. You can end up making a purchase that you later regret. Take your time to shop around, and make sure you do plenty of research, so that you know what you should be looking for. There is plenty of advice online that talks about motorbike sales. You can check out topics such as making sure VIN numbers are authentic and why you should examine your prospective new bike when it’s cold.

One of the most important things to think about, when you are buying a motorcycle, is what the re-sale value will be. You can check out current valuations, and valuations for older models of the bike you are looking at, to give you an idea of how the machine will hold its value. But, why is resale value so important, and what else do you need to think about when making a bike purchase?

Why pay attention to the re-sale value?

When you invest in a bike, you want to make sure that you protect your investment. This is why you need to try and make sure that you will get at least the price you have paid for the machine, when you decide to trade it in. Depending on the model and age of the bike you choose, this may not happen. But, you certainly want to try and avoid losing a lot of money. This is especially important if you are buying the bike on finance, or if you have taken out a loan to make the purchase.

Important factors when you are buying a motorcycle?

The re-sale value is not the only thing you need to think about when you are buying a bike. Here are some of the main points to consider.

  • Is the VIN number genuine? This is important as the last thing you want to do is buy a stolen machine. You just need to check the VIN number for authenticity.
  • Always check the bike cold. It’s really easy to disguise issues with the starting or running of a bike if it’s warm. And, you do not want to be in for any nasty surprises at a later date.
  • Do not concentrate on mileage too much. Bikes are meant to be ridden, and the condition of the bike is more important than the mileage it’s done. Make sure you check the overall condition of the bike. As a general rule if the bike looks as though it has been well kept, it will have been cared for.
  • Take a look at the paperwork. Someone who keeps every piece of paperwork relating to a machine, and looks after it, will generally have taken good care of the machine as well. Thorough and well organised paperwork can also show you that the bike has been serviced regularly.

This list of points to check is not exhaustive, but it’s a good starting point. And, do not forget to check re-sale value before you buy.