Explained: Simple Ways To Maximise The Resale Value Of Your Bike
As a bike owner, oftentimes things can be overwhelming when you think about selling your bike because of the bike’s resale value. You as an owner may have multiple reasons to sell or get rid of your bike but simultaneously you would want the best price for the same.
The question is how to do it? How to receive the best bike resale value out of your two-wheeler? The answer to this question may seem tough but you can achieve it even though you may not have done it earlier. In this article, we will provide you with the information through which you will be able to maximize the resale value of your bike and receive the proper amount you are obliged to sell the two-wheeler.
Second-hand bikes have more resale value than brand-new bikes.
Before delving deep into this article, you need to understand something about the bike resale value. The resale value of new bikes falls rapidly for at least five years from the moment of purchase, therefore you won’t receive much as a seller of the bike in comparison to what you had invested.
On the other hand, if you purchase a second-hand bike from an online second-hand bike selling platform such as Beepkart, your bike resale value would be almost the same because the resale value of second-hand bikes remains the same for a significant period.
Moreover, with Beepkart you won’t have to deal with any additional issues related to bike purchase because the platform takes care of everything and anything (such as insurance, quality of bike, paperwork, etc.) related to your bike purchase, creating a win-win situation for you.
Basic aspects of your bike’s resale value
While determining your bike’s resale value things like service history, number of previous owners, number of times insurance claimed, etc. always come into the picture. Not to mention the current physical condition of the bike also matters a lot while figuring out the bike resale value.
As a bike seller, you also need to keep the core of the bike intact, meaning do not substitute the original body parts of the bike with the ones readily available on the market. Due to the original parts, the resale value of your bike will go up by a lot. In case you are trying to sell an adventure bike and have already installed extra items such as hand guards, extended windscreen, panniers, and engine guards can also fetch you an extra price and maximize your bike’s resale value.
Keeping the mechanical body parts and body paint in top-notch condition is one way to increase the resale value of your bike.
Valuation
Bike resale value is determined by multiple variables like kilometer run, brand, age, ownership, third-party bike insurance history, engine features, and its overall general condition. Several websites and online tools can help the seller calculate an estimate of the ideal bike resale value. You can also check with your local mechanic for the specifics to be well informed from various sources. However, remember that getting the best price for a used bike is dependent on the buyer’s price negotiation abilities in addition to its overall conditions.
Finding the right buyer
The most vital aspect of getting the ideal bike resale value is finding the right buyer who will give you a fair price as per running conditions. Two possibilities where you can get the right buyer are the neighborhood garage and online websites.
While the neighboring garage is the most traditional option for finding reselling vehicles, it is also convenient if you have an urgent need. Due to same-day price finalization, transaction and delivery, local garages are the best places to get an ideal bike resale value. Also, you can check the conditions firsthand with the help of local mechanics.
As far as online websites or web marketplaces are concerned, it is becoming the most preferred and popular means of getting the ideal bike resale value in the current times. The most convenient aspect of online marketplaces is that you can simply upload the bike’s image, its specification, and features and get a quote from several websites.
This will assist you in price comparison better and then you can zero in on the web marketplace that gives you the best bike resale value. Another attractive thing about reselling bikes online is that you can showcase detailed features of your bike and personally communicate with potential buyers to advertise your vehicle for the best rates.
Things to check before determining the resale value of your bike
Here is a list of things that you should mindfully check, update or repair before you set out to choose a used bike selling medium. Ensuring these things are functioning perfectly will increase your chances of getting the best bike resale value:
- Top-notch condition of the drive chain
- Considerably good condition of the sprocket
- Fair state of tires with a justifiable amount of treading around
- Potential damages to the bike’s wheel rims
- Checking for leakage, spots, and cracks in the bike’s wiring
- Good condition of the bike’s bar ends, lights, instruments, and indicators
- Properly running brake and clutch levels
- Checking for possible engine leakages
- The smooth functioning of the engine’s plugs, and radiator
- Checking for rusts on the frame
- No big blemish, cracks, scratches, or blotches on the bike’s physical surface beyond what is expected for the vehicle’s age
- Refurbishing or renewing the bike’s paint
Once you have tested for the above factors and repaired the needful, you must ready the ownership and insurance papers that you will have to provide to the buyer for getting a good bike resale value. Now, you are left to choose as per your personal preference whether you want to sell it through neighborhood mechanics or garages or online marketplaces and sellers such as Beepkart.
Selling your bike is not an easy task and most importantly you will have to be extremely patient with it. Things may become problematic for you if you are dealing with a professional or rookie but you have to remain patient until you find the best buyer for your two-wheeler who is also matching your bike’s resale value. To determine the best price for your bike, you can visit Beepkart and refer to the bike prices given on their website.
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