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Do you want to sell your Harley Davidson motorcycle or exchange it with a new one but are worried about its evaluated price? We have a complete solution for all your motorbike sell issues and believe me; they’re quite easy to follow.
Any motorbike you own, sometimes you’ll definitely want to know the current value of your bike to look for a better exchange, sell, or just show off before your friends and that is what brings you here on our blog. In this guide, we have come up with the full process and methods to know the current value of the bike you own. These evaluation processes will surely help you know how much you need to spend on your next purchase when you will be looking out for your next bike purchase.
Benefits of evaluating your bike value
Evaluating a good price for your bike can be beneficial to you in several ways. It does not only improve your selling skills as well as evaluating skills but provides you ease when you would be looking for your next motorbike to purchase. Doing your bike evaluation leads you to understand the exact and real value of your bike.
In this blog, you would be learning all the basics and advanced methods to evaluate a profitable value for the bike you want to sell. We will be learning the best evaluation procedure from some of the best price evaluating sites on Google. Please note that the evaluation procedures of different sites differ according to their policies but at last, you’ll get an average understanding of how to evaluate your bike value.
Also Read: Kelley Blue Book for Motorcycles To check Value of Your Motorbike
Please read all the procedures carefully and try to understand the common evaluating processes that most of the best-rated sites and companies use.
The best motorcycle evaluation sites online
There are several web companies or sites that evaluate the best selling value for your motorbike and from all the internet, we have listed down the top-3 competitors in the field with their detailed evaluation processes.
Kelley Blue Book
Kelly blue book is one independent portal on the web you should definitely check out for. This website is quite helpful in recognizing the true value of bikes when you look through the automotive and motorcycle industry. Kelley Blue Book has been a top contender in the automobile industry.
This website is one of the best ways to explore all the key factors and options for your bike’s make, model, and year in a quite easy way. By using Kelley Blue Book, you can choose your model, make and the year of your motorcycle and the software will provide you two different values of the same motorcycle.
Trade-in value: The first value is regarding the trade-in value of your bike. The trade-in value of your bike is the final amount that the buyer will give you for purchasing your website. The first value i.e. the trade-in value is specified for the bike sellers like you.
The suggested-list price: You’ll be getting information about the suggested listing price of the bike you want to sell. The suggested listing price is the average value that the dealerships are willing to sell the motorcycle for.
Pro-tip: There is a great option that if you are looking to sell your motorcycle at your own evaluated rate, you should choose between the trade-in value and the suggested retail price. Another expert tip is that try listing a higher value first and when you see no effective results, just decrease the value gradually to improve the selling chances.
How does Kelley Blue Book evaluate bike values?
Kelley Blue Book allows you to compare different values of different models, makes, and years of motorcycles in a quick and we all know what is the importance of comparing, it surely brings the best out.
The major factors while determining the bike’s value at KBB are its condition, mileage, and market rate. However, KBB has not added any kind of value increase on adding additional accessories to your bike or upgrading it. KBB also does evaluate the price of a bike according to its worn and torn parts. We hope KBB will bring these kinds of further changes in their evaluation procedures later.
All these factors make KBB a great platform to determine the base value of your bike whether it is a super-upgraded bike or just a simple motorcycle.
NADA GUIDES
Most of the bike buyers or sellers may have heard the name of NADA during their work time. NADA is a trusted and easy-to-use platform to perfectly evaluate your bike value. NADA stands for National Automobiles Dealers Association and as reflected from the name, it is an international level evaluation platform where you can evaluate your bike value even out of state.
The evaluation process of NADA is quite similar to that of Kelley Blue Book but the value differs at KBB’s listing price and NADA’s average retail value.
How does NADA evaluate the value of your bike?
NADA uses some factors to complete its evaluation process accurately. The factors include make, model, year of the bike, and its condition.
Also Read: A Comprehensive Guide to selling your Motorcycle in 2021
There are three ways NADA uses to evaluate the bike process, namely, suggested retail value, average retail value, and low retail value.
Suggested retail value is the total price displayed at the homepage of a customer. Suggested retail value depends on your bike condition, additional upgrades, and parts availability.
The average retail value is for the bikes that are in average condition after a long-time of use. It is slightly less than the suggested retail value.
The low retail value is evaluated when your bike is in a poor condition with wear and tear parts. Please note that in rare cases, you’ll see a low retail value bike at NADA.
KELLEY BLUE BOOK vs. NADA
Both the platforms have proved to be great sources in evaluating bikes’ values as they use probably the same algorithm and evaluating factors. However, you’ll generally see a bike’s value higher at NADA and slightly lower at KBB.
Role of modification of bike in its final value
No bike rider would deny that he loves to modify his motorcycle as per his desires and requirements. Adding new and updated customizations to your bike can be as satisfying as getting a new bike right from the showroom. In this section, we will be discussing the importance of adding upgraded features and equipment to your bike. This process somehow plays a crucial role in finalizing your bike’s value at the platform you are willing to sell.
Most of the bike holders add modifications and upgrades to their motorcycle and really it’s an interesting thing to enhance your bike’s looks and appearance but very few of them know that it can add a significant value to your bike at the time of sale. When you are adding modifications and upgrades to your bike, make sure you do not spend so much money on it just to increase the value because some buyers may not like your upgrade or modifications.
You have to accept the fact that most of the buyers at platforms like KBB and NADA are looking for good bikes at a low rate so it doesn’t matter that much whether you’ve put a lot of money into upgrading your bike or not because it will affect the final retail value minorly. Never feel bad and guilty if you are not receiving the value that you want in return for the modifications and upgrades.
Sometimes, it is a better step to not do anything special with your bike to maintain its real value. For example, if you own a Harley Davidson, adding modifications and upgrades would leave some dents on its body affecting its look and value negatively. We suggest you do not do anything extraordinary with high-valued bikes
How to use the modifications in your bike to increase its value?
Yes surely, you can increase the final retail value of the bike a little bit if you had it modified and have added upgrades.
- Make sure to add high-quality and fresh parts to your bike.
- Describe the importance of the added equipment at the time of setting the final retail value.
- If you know that your owned motorbike is rare and can be worth a fair amount without any upgrades, let it be untouched.
Do some deep research
Having all the necessary information will surely lead you to a fair evaluation of your bike so make sure you Do some deep research using the internet or at your locality.
Google is a simple and perfect platform to get key information about your bike in a short time without any issue. We have listed down some of the best ways to get relevant and helpful information regarding your Harley Davidson, so just scroll down and read the detailed article.
Using Motorcycle forums
Bikes like Harley Davidson have several online forums dedicated to their owners and they can help you with evaluating the perfect selling price for your bike. Usually, you’ll get precise information about every model and year of Harley but if you can’t find it, you can also create your make, model, and year and check who’s interested in it.
Also Read: NADA Value for Used Cars Vaulation
Using Motorcycle forums, you can also get relevant information about which items and parts to invest in and in which to avoid.
Using Social Media
Yes, you heard it right. Using social media can be a great strategy to find out the real information about your Harley Davidson without wasting too much of your precious time.
Platforms like Twitter and Instagram are full of Bike lovers who keep updating about the bikes regularly and you can use these platforms to get some key information about your Harley Davidson.
Using E-commerce websites
You can also visit several websites that sell motorcycles to check your motorcycle’s current value. Two good sites you can visit are eBay and Craigslist. They provide relevant and precise information about your Harley’s current value, its market value, and many other things.
The Impact of Season on your Harley’s value
It will sound a little bit odd but the time of the year you are selling your Harley also affects its value in a fair amount. If you search the web for a year, you can easily see the changing value of any bike with the change in season.
We have mentioned the different purchasing seasons with their respective effect on the final retail value of your Harley Davidson.
Summer
Summer can be the best time to sell your Harley as it is called the height of riding seasons. On these warm sunny days, people love riding bikes on the roads and thus are willing to pay a higher price to get their desired motorbike.
We suggest you get your Harley in the stores for sale during the summers to get a comparatively higher value.
Winter
We suggest you avoid putting your bike in the sale store during the winter seasons as their prices are significantly low during this time.
In winters, people avoid getting out of their home and want to enjoy the warmth of bonfire and coffee in their houses so you’ll rarely get a buyer willing to pay a fair amount for your bike.
Spring and Fall
The price of the bikes dips from the springs to the falls as they are called off-season for bike purchase.
We suggest you price your bike at an average value during these seasons going lower in the falls. At the end of the fall, you might get a good buyer who will give you a fair price for your Harley.
Conclusion
In this article, we have mentioned the best ways that you can follow to evaluate the perfect price for your Harley Davidson.
The article includes the role of social media, online platforms, and the change in seasons. We recommend you choose an average value for your bike to get the best buyers who are willing to pay your asked amount happily.
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