Even if you’re not planning on selling your motorcycle anytime soon, you’ve probably wondered about the value of your motorcycle. Or maybe you want to buy a motorcycle and want to make sure you’re getting a good deal. Whether you’re a buyer or seller, knowing how much your motorcycle is worth can help you in negotiations. Buy aftermarket parts to see more, click here, etc.
Do Your Trust The Blue Book Value?
Kelley Blue Book and the National Automobile Dealers Association Guides are the two most common pricing resources for motorcycles. Typically, the companies access data from across the nation about sales prices, supply and demand. While each company has their own algorithm for setting rates, the estimates are generally in line with each other. It’s thought that insurance companies prefer NADA estimates, while dealers tend to lean toward KBB. Either way, these resources are good places to start, but aren’t the final answer.
Factors That Affect Value
Mileage, condition and color play a role in what your motorcycle is worth. Where you live can make a difference in price, too. Customization can affect the price of the bike. Older bikes with original parts may be worth more than a bike that is repaired with aftermarket parts. It can be complicated to really know what your bike is worth.
The Market Rules
The value of your motorcycle is really what someone else will pay for it. The market ultimately decides what your motorcycle is worth. You can list a bike for sale for what you think it’s worth, based on what you put into it, but if you can’t find a buyer, then it’s just numbers on paper.
There’s no easy answer to the title question. If your bike has more curb appeal, it might go for more than the estimated KBB or NADA value. You have to do your best research to know what your bike is worth. Track the parts and upgrades you make to your bike. Shop for quality aftermarket motorcycle parts here.