They're not necessarily pulling that number from a specific resource. Kelley Blue Book has been around so long and been so widely referenced it has just fallen into common vocabulary usage as a generic term for vehicle value.
The two resources each have their own criteria for assigning used motorcycle values. However, KBB isn't a bad place to start when you find yourself asking, what's my motorcycle worth?
KBB and NADA calculate used motorcycle values based on recent motorcycle sales - how much bikes bring at dealer auctions, what they rent for, how many there are for sale in an area, the national and local economy and the time of year. Both resources have easy-to-use websites, and getting a value is free, so it doesn't hurt to run your bike information through both and compare used motorcycle values.
The estimate they give you is based on the following:. Insurance companies typically prefer NADA values, partly because they have access to millions of transactions. KBB just asks for your bike's make, model and year to generate blue book value.
NADA allows you to enter customizations for a more accurate idea of what your bike might be worth. But there's no way to know exactly how many dollars and cents your motorcycle is worth until you come into the dealership. You can get a ballpark idea, but KBB and NADA both get their information from national transactions, and they aren't always up-to-the-minute.
These additional resources let us in on the cost associated with sales in real-time. You can always contact us online for information about your trade. We regularly work out deals with people from out of state, and if their trade is as they represent it and they want to buy the bike we have for sale, we can agree on all the numbers ahead of time. But if you're local, the easiest thing is to just bring in your bike, see what we offer, look at what we have for sale and go from there.
We also have an online link to NADA where you can find out what your trade is worth in 60 seconds or less, no matter what brand you ride. We're going to quote motorcycle trade-in values based on the factors you'd expect: mileage, your bike's condition, customizations, suggested retail and trade-in value for that make and model and so on.
Let your first shock of a prospective impulse buy, possibly a lemon, fall to the ground without any effect on your psyche. Or at least govern the internal dialogue that sparked your interest in something "new to you," so you can shop with clarity.
The seller is itching to hear from you. They're ready to direct you at a bike's best features all while steering you away from problems they aren't willing to solve themselves. While certainly a pessimistic take on my part, there's no harm in assuming the worst before being pleasantly surprised by a lack thereof. Bottom line: don't call until you've collected a lot of information about the bike on your own. Below are a few questions and concerns to guide you.
There are those of us who see DIY maintenance as a cult religion. It's not for everyone and that's okay. If you intend to tweak, adjust, break, repair, etc in the comfort of your own garage, then you'll want to know all you can about the service procedures. Google alone provides plenty, but the real meat of the meal is in forums. Find one, surf around if it'll let you and look for common problems and solutions or workarounds. If, on the other hand, you intend to build a relationship with a nearby service department or shop, read every last review you can about how the service went, pricing, red tape paperwork , availability, all of it.
Also find out if the mechanics responsible for those reviews are still employed there. Some service outlets with stellar ratings can go downhill and vice versa. Because some bikes are more obscure than others, a clear-as-mud path to purchase could back us into a corner.
Despite many years of production, my own Bandit S I loved that bike ran out of parts availability while I owned it. Once again, forums saved the day as 2nd gen parts the Bandit had three generations when I bought it were accessible via the wrencher's cult. Prime example, source parts for any Kawasaki Ninja The results are endless because of constant production and sales volume, many bits being cross-compatible with prior and future generations.
Gotta love those UJMs…pick a brand and something will fit. Now, try and find the carburetor for a Moto Guzzi Stornello. This vintage used motorcycle tells a deep, beautiful tale, but such a purchase demands the romantic. Obtaining parts and remedies may force an owner's hand toward restore-mods modern parts on old bikes.
With a used motorcycle, what was once a new engineering idea may now conceal hazards galore. Just typing that triggered an "RRS recall" google search on my part. Turns out, my rear reflectors are obstructed if I'm using the aluminum luggage option I'm not.
Forums for my aforementioned Bandit go into detail about removing the useless PAIR system, an emission kit that does next to nothing while blockading the valve cover. Also discussed are solutions for its weak, spongy, oversoft OEM suspension, pointing to the Hayabusa's rear monoshock as a better and fully adjustable replacement. Whatever used motorcycle you're considering, make a list of known concerns before asking what has or hasn't been done. In short, find out what if anything the original manufacturer discovered to be of great concern.
Then, learn what past and present owners say about post-purchase modification. Collecting all of this information before you buy will enable a more thorough onsite inspection. If any of my above commentary would suggest anything, it's that parts are precious.
However, OEM original equipment manufacturer bits aren't necessarily the rule. In many cases, aftermarket enhancements can sweeten the deal, depending on your intended use.
Find out what's available for purchase new or used be it for aesthetics, suspension, reinforcement, comforts, electrics, horsepower or any other upgrade that falls out of the sky. Then explore what the seller has added to the machine.
If online availability is still extensive, you have more options to build on. If the owner has already made some of these changes and assuming they're for the better , you may have struck gold! In the case of "rare bird" bikes, such as our Hawk GT bartered last year , there's also the repo market where companies make brand new versions of otherwise unavailable parts.
These solutions aren't often of the same quality as OEM but still do an excellent job. Plastics are one example. So, you've filtered down a list of viable used motorcycle options. You're prepared to wrench or have selected a dealership based on reviews and known mechanics. You've noted any recalls and popular maintenance issues.
What next? On arrival and with your notes in hand, document the important stuff first. Mileage, owner count and maintenance records are a good start. A brand new motorcycle will lose a substantial amount of its MSRP value in the first few years after you buy it—an average of However, the good news is that once the initial depreciation period of three to four years ends, depreciation usually stabilizes considerably.
Well-maintained motorcycles can often top , miles and still run just fine, especially touring models that are designed for extended runs. However, a buyer or a dealer will likely offer less for a high mileage bike.
As you might expect, good mechanical condition is a huge factor in the value of a used motorcycle. You can perform some basic motorcycle maintenance that will make the bike more attractive to buyers. Take a look at your chain and drive belt to see how much life they have left in them and replace them if necessary. Be prepared to take a pretty substantial financial hit if you sell as-is, and know that you may need to wait longer to find a buyer.
Depending on what kind of repairs the motorcycle needs, a dealer may not always accept a trade-in on an as-is bike. Clean your motorcycle thoroughly before listing it or taking it to a dealership for a trade-in. Get all of the gunk out of the wheels, wash off dirt and debris from the body, apply leather polish to the seat and wax the body. If your motorcycle has cosmetic flaws that are too expensive or labor-intensive to fix, be honest about them when listing it.
Dealers may also interpret a noticeable cosmetic flaw as an indication that the bike has been dropped or wrecked. Thus, the availability of OEM parts for a specific make and model will sometimes have a substantial impact on its value.
Before you try to sell it, poke around the major motorcycle parts sites and motorcycle forums to determine how widely available OEM parts are for your model. Some popular bikes are practically swimming in parts. Most Kawasaki Ninjas, for example, have parts widely available for almost every year and model.
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