Oops! 3 Mistakes to Avoid When You Sell Your Motorcycle

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Right now is a great time to sell your motorcycle, Harley Davidson bike, ATV, personal watercraft, or other powersport vehicle. Due to the parts shortage for cars, trucks, and SUVs, sales of other motor vehicles have exploded. According to Motorcycle Data, motorcycle sales were up 19.4% in the first half of 2021 compared to the same period in 2020. Even more, motorcycle sales in the first half of 2021 were revved up 33.8% compared to the same period in 2019.

With such a hot market, it may seem a foregone conclusion that you'll get top dollar for your bike. However, this isn't the case. While there are several steps you can take to maximize the value of your bike, there are certain steps you should avoid outright. Let's take a closer look at three costly mistakes to avoid when selling your motorcycle or Harley.

Don't Trade Your Motorcycle in at the Dealership

While selling your motorcycle to the dealership may seem easy, you will pay dearly for the convenience. And most people who have sold their motorcycle to the dealership agree the cost is much more than the benefit. When compared to selling your vehicle to another person, the dealership offers less paperwork and an easier experience. Surprisingly, the dealership can even help you save money if you're purchasing a new bike. This is the case in many states because you'll only pay sales tax on the difference between the new motorcycle purchase price and the trade-in value.

However, that's where the benefits of selling your bike to a dealership end. When you choose to sell your motorcycle to the dealership, they will almost always offer you less than you could receive on the fair market. This amount will be even lower if you sell your motorcycle to a dealership that doesn't sell motorcycles. And even if you sell your Harley to a motorcycle dealership, you're likely to get less if the motorcycle is made by a manufacturer that is different from the one the dealership represents.

A Picture Is Worth a Thousand Words...and Thousands of Dollars

Let's say you decide to skip the dealership and choose to sell your motorcycle on one of the exchanges. In this case, it's imperative you cast your motorcycle in the best possible light. To do so, your pictures are everything. One of the top mistakes people make is only uploading one photo of the motorcycle. Because online shoppers are most likely unable to see the bike in person, they rely on photos. When you place your motorcycle for sale on an exchange, make sure you upload several, high-quality photographs. You should also capture these photographs in a clutter-free environment. In particular, avoid taking pictures of your motorcycle around other motorcycles or other vehicles because they can complicate identifying the motorcycle for sale.

Failure to Properly Process and File Paperwork

If you sell your motorcycle to an individual, the onus is on you to ensure all boxes are checked. And it's worth noting there are several boxes that must be checked — literally. To protect your interests, make sure you get all paperwork signed and processed in a very timely manner. At the same time, some documents must be notarized to be accepted and legal. Failure to properly have documents signed, notarized and can cost you and cause a world of trouble.

Don't Wait! Sell Your Harley Today at Cash 4 Motorcycles the Easy Way

If you're looking to "sell my motorcycle," you have several options. While the dealership may be the easiest, it will net you the lowest amount. On the other hand, selling to a private seller requires the most time, effort, and leaves you exposed to potential negative ramifications. However, when you sell your motorcycle to Cash 4 Motorcycles, you will enjoy the best of both worlds.

At Cash 4 Motorcycles, we pay top dollar for all types of motorcycles, ATVs, personal watercraft, dirt bikes, side-by-sides, campers, and more. Similar to selling your vehicle to a private seller, you'll enjoy fair value for your bike. Unlike selling your vehicle personally, we handle all the paperwork to provide a flexible, easy, and streamlined process. Best of all, you can get started today by requesting a free, hassle-free quote.

Contact Cash 4 Motorcycles today for a free quote.

Source Url :-  https://www.ssgnews.com/2022/02/10/oops-3-mistakes-to-avoid-when-you-sell-your-motorcycle/