Using Kelley Blue Book to value a Motorcycle
You can search for motorcycle values on Kelley Blue Book by visiting www.kbb.com/motorcycles.
After your arrival, take a look at the list and choose your type of motorcycle. The model and the year of your motorcycle will be requested by Kelley Blue book. When through with this, your trade in and retail value of your motorcycle should be reviewed.
It is hard to determine the exact distance of a motor cycle due to regular odometer malfunctions, so specific details about the condition of your motor cycle will not be allowed by Kelley Blue Book. Although ‘’Mileage’’ is always considered when rating your motorcycle’s value. What you need to do is to pick the trade in option for your motorcycle, then click on ‘’Mileage & Condition information’’ link. An estimate of the trade in value of your motorcycle will always be given to you by Kelley Blue Book. Your motorcycle is assumed to be in a perfect condition in this estimate. Click on the motor cycle specs link to see a list of the original equipment of your motorcycle after selecting the trade in value for your exact motorcycle. This list will serve as a direction or guide for what will be needed to buy before you trade your motorcycle.
Pricing A Motorcycle Using Kelley Blue Book
You can use the below steps when you want to value a motorcycle using Kelley Blue Book:
1. Head to www.kbb.com/motorcycles.
2. Choose the make of your motorcycle.
3. Then you will be prompted to type your zip code.
4. After inputing your zip code, choose the model and the year of your motorcycle.
5. Now choose to view either the trade-in or retail value of your motorcycle.
The trade in value will be provided by Kelly Blue Book. This is the estimated price a dealer will consider paying if your motorcycle is used as trade in for a new one.
• RETAIL VALUE
The purchase value for a motorcycle that is good is your retail value.
Another factor that influences the price of a motorcycle is the condition. The condition of your motorcycle will affect the price even more than the distance it can travel. There are motorcycles with good travelling distance that also have very good condition. One factor you should never overlook is motorcycles that changed due to journeying hard areas for a long time, they wouldn’t work properly.
NADA GUIDES to determine the value of a Motorcycle
Click on the ‘’Motorcycles’’ tab in the main menu when you enter NADA GUIDES website. It is www.nadaguides.com. After clicking on the motorcycles tab, you will be redirected to ‘’Motorcycles and power sports prices.’’ Click on ‘’start here’’ next. Fill in your zip code and click ‘’continue’’.
After this is done, NADA GUIDES will present you with a motorcycle manufacturers list. You will be told to select the model of the motorcycle and year of production after selecting your manufacturer. You will be shown a list, search through it in order to see your particular motorcycle.
Information about your motorcycles engine will be provided by you. Also you will need to provide information about your motorcycle’s exterior, glass, lights, seats, e.t.c. After doing all this, click on ‘’continue’’. You will be taken to a page titled ‘’Values’’. Here, the value of your selected motorcycle can be seen. Information about the List price, low retail price and average retail price are all included by NADAGUIDES.
Different specifications for each motorcycle can be seen on NADA Guides. It is good to compare these specifications. This can be done by selecting three different motorcycles, click on “Compare” link on the “Values” page.
AVERAGE RETAIL PRICE.
The price for motorcycles that are functioning properly lacks damages and has a working condition that is okay.
LOW RETAIL VALUE PRICE
The price for motorcycles that require little repair is the low retail value price. It has a good working condition though.
SUGGESTED LIST PRICE
The price for a brand new motorcycle by the manufacturer is the suggested list price.
Factors to be put into consideration when purchasing used motorcycles.
- Research, NADA guides and Kelley Blue Book can assist you in buying used motorcycles.
- The motor cycle type, seller type and motorcycle’s condition and history should be considered.
- Will there be room to discuss price? Always find out price range.
- Test Ride. Go on a test ride with the motorcycle you are about purchasing to know if you would like to ride on it. And also its distance.
- Why are they selling it? Is the motorcycle already experiencing issues?
- Think of the right store to purchase. Purchasing of the motorcycle from the owner personally from the owner will give you more information about what you are about to buy and can also reduce cost.
- Inspect the motorcycle. Check the sprockets, battery leads, tires, frames, chains, e.t.c.
- Take knowledge of pieces that are missing.
- Try to find out when the motor cycle was last serviced. If possible ask for service record.