Quick Answer: How To Sell Motorcycle?

What is the best place to sell a motorcycle?

Here are a few market places that might help you get top dollar for your bike. Autotrader (motorcycles only), Motorcycle Classics, and of course Cycle Trader. For local listings you might even try Oodle, Pennysaver, or one of my favorites, Offerup. Local listing platforms usually have lower or zero fees to sell.

How do I sell my motorbike?

Give your buyer a receipt with details of the bike, buyer and the amount they have paid. Sign, date and write ‘sold as seen’ on the bottom. Finally you must give the buyer the New Keeper section of the V5 log book and get them to write their details and the mileage of the bike on the main part of the V5.

How do you protect yourself when selling a motorcycle?

1. Pretty much what he said.
2. Meet somewhere public. Ideally under cctv coverage.
3. Have someone with you.
4. Make sure they – the prospective buyer – has a valid current motorcycle license.
5. Absolutely no test ride without handing over the cash first.
6. Cash only.
7. If they decline to purchase then take an indirect route home.

Is it hard to sell a motorcycle?

Sell a motorcycle the easy way. It’s going to be hard to sell your bike, and that comes from a combination of predictable hurdles, some of which are beyond your control. But when you can recognize the roadblocks, you can be prepared for a workaround and increase your chances of selling for a decent price.

How many miles are a lot for a motorcycle?

For smaller sports bikes, a mileage above 20,000 to 30,000 is on the high side, while larger motorcycles are considered high mileage after the 50,000- mile point.

How do I sell my old motorcycle?

You can turn to companies that specialize in high-end collectible markets. One great place to start is with large auction houses like Sotheby’s, Mecum’s, and Bonhams. For example, according to the LA Times, in 2017 the Mecum auction house was able to sell 868 vintage and antique motorcycles.

How long does it take to sell a motorcycle?

On average, the selling time is around 35 or 45 days. But it’s also true that Harleys have a higher average, of about 62 days. Could it be the price then? Relationship between the selling time and the price of the brand.

Should you allow test rides when selling a motorcycle?

It is advised to let potential buyers test drive a motorcycle you are selling. It’s also advised to have collateral against the buyer during a test drive such as the full asking price in cash and/or their driver’s license in the case they steal the motorcycle or damage it.

Can you make money selling motorcycles?

Whether you ‘re hustling motorcycles, antique clocks or Beanie Babies, the basic principles of flipping merchandise are the same: buy low, sell high. If you do it right, you can triple or quadruple your money on a bike in mere weeks. If you can only make a few hundred bucks on a thousand dollar fixer, don’t bother.

What to do after selling a motorcycle?

After the Sale When your bike is sold, don’t forget to remove your license plates if they don’t stay with the vehicle in your state. And, contact your insurance agent to let them know about the sale and cancel your insurance coverage.

How do I sell on Bike Trader?

Selling Your Cycle

1. Have your basic vehicle information handy; such as the year, make, model, and selling price. When describing your vehicle, be sure to include the best features.
2. Have an email address.
3. Include a photo with your ad.
4. Have your credit card handy.
5. Be prudent in dealing with buyers.

How do you protect yourself when selling online?

How to Protect Yourself Selling Items Online

1. Examples of Online Scams. Here are some examples of scams that people pull online.
2. 1) Read a site’s rules & guidelines.
3. 2) Check the buyer’s feedback.
4. 4) Ship packages to arrive on certain days.
5. 5) Record yourself packaging the item.
6. 6) Put your own tag on an item.
7. 8) Sell what you can afford to lose.
8. 9) Accept it and move on.

Do CarMax buy motorcycles?

Answer: “ Does CarMax buy motorcycles?” The simple answer… No. CarMax is strictly into the business of buying and selling cars alone. They don’t buy or sell motorcycles.

How do I price my used bike?

Subtract the depreciation expense from the original purchase price of the bike. The result is how much the bike is worth. For example, if the bike in step 3 is three years old, then the used bicycle would be worth $200.

What happens to motorcycles that don’t sell?

They have to be: they *buy* those bikes. So no, they don’t get “chopped up for parts.” Once a bike is in a shop’s inventory, it usually stays there until it’s sold or until another shop in their dealer network goes looking for that particular model in that particular size for a customer.