Thinking about selling your motorcycle? You might be bummed about saying “so long” to old faithful, but you’ve definitely come to the right place for some answers. But before you shine up your bike and set up your listing on Cycle Trader, you’ll want to make sure that it’s the right time to sell.
Here are a few signs that it might be time to sell your motorcycle:
You’re Ready for an Upgrade
We’ve all been there – you love your bike, but see some room for improvement. If you like your current motorcycle, but crave modern upgrades and advanced features, it might be time to sell. Luckily, manufacturers are coming out with new and improved models yearly so you can still stick with your favorite brand or model even if you decide to sell.
It’s Time to Change Motorcycle Type
Changing motorcycle type is actually more common than you might think. For example, you might start off riding a standard bike. It was cost-effective and a good choice for your first bike, but, now, you enjoy taking longer trips and want to move to a touring model. There are a variety of reasons to change motorcycle types: your riding style has evolved, the terrain you’re riding on has changed, you need additional storage, you want the latest features, etc. Take a good look at the bike you currently have to see if it’s meeting all of your needs or if it’s time to make a switch.
Old Age & Costly Repairs
You and your bike have seen some sights, been on some epic trips, and have traveled miles together… alright, we won’t get too emotional about it. The reality is, it’s hard to let a motorcycle go sometimes. But if yours has one too many broken components, outdated features, or if you’re making too many mechanical repairs, selling might be your best bet in the long run.
While mileage isn’t everything when selling a used bike, it’s definitely something you need to keep in mind. But if you’re looking to use your current bike to help pay for an upgrade, you’ll also need to consider mileage. The fact is, bikes with high mileage are worth less than similar motorcycles with comparable features. So if your bike has a lot of miles, you might want to sell it before expensive repairs add up or the value depreciates. (side note: service your bike regularly to keep it in top shape when it’s time to sell.)
Not Using Your Motorcycle
Motorcycles are meant for riding, so if yours is collecting dust, it might be time to say goodbye to your bike. You could be sitting on some serious cash and another rider could make great use of your motorcycle. When you sell your bike, you’ll also be able to eliminate insurance and maintenance costs. We hope you’ll ride again, but if it’s not in the cards for now, make some money while you can.
High Market Demand
When your used motorcycle is in high demand, you can sell it at top dollar. Keep an eye on buying trends and sell when the market is hot. For many riders, warmer months tend to be peak season, so it’s a good plan to put up your listing before the season begins. Selling on a nationwide marketplace like Cycle Trader makes it easy to reach motorcycle shoppers thanks to millions of monthly site visitors.
If it’s the right time for you to sell your used motorcycle, we hope you list your unit for sale on Cycle Trader’s nationwide online marketplace. From now until the end of the year, you can get 25% off your for-sale listing when you enter promo code SELL25.