Your motorcycle or bike has given you years of enjoyment. It deserves better than to be stored away in a storage unit or left to collect dust in your garage. Simply put, it makes dollars and sense to sell your Harley or motorcycle. And if you’re looking to do so, you have no shortage of options; but some options are better than others. Let’s take a closer look at the good, better, and best options when you’re looking to “sell my motorcycle.”
The Dealership Is the Good
One of the most popular ways to sell your motorcycle is by trading it in at the dealership. While easy, it traditionally results in you receiving the least for your motorcycle.
Pro: Easier and Less Paperwork
The main reason people opt for selling their motorcycle to the dealership is ease and simplicity. For the most part, the dealership handles all the paperwork and title work.
Pro: Reduced Sales Tax on a New Vehicle
Another key benefit of trading your motorcycle at the dealership is you’ll pay less taxes on the purchase of a new bike or vehicle from the dealership. If you live in a state that charges sales tax, this can be a significant benefit. Instead of paying sales tax on the entire purchase price of your new vehicle, you’ll only pay sales tax on the difference between your motorcycle trade-in value and the new vehicle purchase price.
Con: Lowest Purchase Offer or Value
If you’re looking to “sell my motorcycle,” the dealership will almost always net you the least amount of money. Here’s why:
- The dealership has massive overhead, and one way to cover these costs is by paying as little as possible for trade-in motorcycles.
- The dealership charges you for potential reconditioning costs. Even if your bike is in immaculate condition, the dealership will likely assume it has to be reconditioned and offer you a lower value as a result.
Selling My Motorcycle Vehicle Privately Can Be Better for Most
Although selling your vehicle privately can yield more money than selling your bike to the dealership, you will have to work hard for the money!
Pro: Get More Money
Simply put, private buyers will pay you market value, which will usually be higher than the trade-in values offered at the dealership.
Con: You Have to Recondition It
Remember how we mentioned the dealership charges to recondition your bike? When you sell it privately, you will be responsible for doing it — if you decide to. Failure to clean the motorcycle up, repair mechanical issues, and remedy cosmetic issues can result in you getting less than you desire.
Con: It Takes a Lot of Work
Selling a motorcycle to a private party isn’t easy and takes a lot of time. You’ll need to:
- List and advertise your bike
- Filter through several calls and potential buyers
- Show the bike
- Gather all of your documentation, including maintenance records, title, and more
- Conduct research to learn a fair selling price. If you price it too low, you’ll leave money on the table; but if it’s too high, you will turn potential buyers off before they ever inquire.
- Manage sales tax documents as well as tag and title paperwork, so the new owner can register the motorcycle in their name.
- And more
From start to finish, selling your motorcycle privately can take several weeks or months. During this time, you may need to continue making payments and continue paying motorcycle insurance.
Con: Selling Your Bike Privately Can Be Dangerous
Not everyone who responds to your advertisement will be serious —or safe. In fact, nefarious individuals often target classified ads and private vehicle sellers for scams or worse.
Cash 4 Motorcycles Is Best for All
Can’t decide between taking less or your motorcycle vs taking weeks to sell it? Fortunately, you don’t have to! Cash 4 Motorcycles offers you the best of both worlds in a fast, efficient, and high-yielding way to quickly get cash for your motorcycle.
Pro: Selling Your Motorcycle Is Fast and Easy
At Cash 4 Motorcycles, we take everything you love about selling your motorcycle at a dealership without the negatives. For starters, we take care of all the paperwork and title work, and you’ll receive cash or a check on site
Pro: We Come to You
When you sell your motorcycle at Cash 4 Motorcycles, we will come to you or meet at another convenient location. This means you don’t have to visit a dealership to be pressured into purchasing a new motorcycle or meet different strangers, putting your safety at risk.
Pro: Get Top Value
At Cash 4 Motorcycle, we pay top dollar for well-kept motorcycles, ATVs, watercraft, and other power sport vehicles. Instead of trying to haggle out of nickels or dimes as a dealer or private citizen would, we pride ourselves in delivering honest, fair deals.
Pro: It’s Fast
While selling your motorcycle at the dealership has traditionally been the fastest, Cash 4 Motorcycles is faster. Simply pick up the phone today and tell us what you’re looking to sell. We will ask you all the right questions to deliver you an accurate and fair price quote.
Ready to “Sell My Motorcycle” or “Sell My Harley”? Contact Us Today!
If you’re ready to get top dollar for your motorcycle, you’re only a few clicks or a phone call away. Contact Cash 4 Motorcycles today for your free quote.