Here are our top 10 tips on selling your motorbike!
1) The most important factor to consider when selling a motorbike is learn about your bike, quite simply if you do not know about the bike and the buyer does, they have a great chance of knocking you down in cost, also they will not be fully confident that you have cared for the bike, a true rider will understand their machine and be able to give a first-hand account of the ride and maintenance required.
2) Documentation, never try and sell a motorbike without the paper work.
You will need the following items
A V5 with your name and the motorbikes VIN
A MOT certificate
If possible a HPI check document to show the motorbike is clear of finance and is not a write off.
Any spare keys
3) DO NOT ALLOW TEST RIDES unless you have the full money for the bike in hand! All too often people allow test rides and the bike never returns. Make sure they have a licence and understand how the bike works.
4) Deposits, if someone is adamant they want the bike then make them give you a deposit to hold the bike. I personally would make this a non-refundable deposit and give the option on the receipt to pay X for the rest of the bike. This must be paid by a certain time and date, this protects you both!
5) Be transparent, if you lie about the condition of the bike you will only waste time down the road, even worse you could be risking someone’s life, include everything down to bumps or scratches and always provide pictures.
6) Forget MODS! Mods are simply a owners preference and 99% of the time do not add value to the motorbike especially if you sell to a dealership! Sometime they even lower the value of the bike as the new owner will be relying on non-warranty parts and not trust the life span the aftermarket product.
7) On that note, sell extras separately. You can sometime make more money selling the extras separately. You value a bike at £4000 you remove mods such as exhaust, power commander, quick shifter etc. etc. and sell them for close to £1000, you drop the bike to £3500 and get a quick sale, you have made a £500 profit on what you originally wanted!
8) Know the market, use other websites to work out a fair cost, and if possible undercut the market.
9) Most buyers of motorbikes are looking to buy a bike for a specific reason, ask them why they are interested in that model and then sell that feature to them.
10) Enjoy the sale, most of time selling your motorbike can be heart breaking but seeing a sad seller will not give the buyer confidence, enjoy the process and think of the money!
All the above points should help you sell the bike easily and quickly, if you want us to run you through the process and quote you for free fill in this form.