Additionally, NADA Guides says its valuation team "uses the latest technology, deep knowledge of each segment's market, statistics, analytics and econometrics to derive our values." And, if you’re selling a motorcycle, you’ll want to avoid pricing it significantly above or below its actual value. Note: If you want to buy a used bike out-of-state but are concerned about its condition, you can get a vehicle history report or have the bike inspected.
We’ll explain how to do this in the section below. Note: Keep in mind that buyers frequent KBB just as sellers do. Somer G. Anderson is an Accounting and Finance Professor with a passion for increasing the financial literacy of American consumers.
The manufacturer's suggested retail price (MSRP), which includes only standard equipment and excludes taxes and transportation and destination fees, which cover the cost of getting the vehicle to the dealer. When a dealership buys a used motorcycle, it has to be inspected. After you select one, the other will be available right next to it. It’s quite easy to do.
Therefore, dealerships must pay to repair unsafe vehicles before selling them.
But, if your model is in high demand and is “hard to keep on the shelf,” its value will be much higher. Before we get started on the steps to using Kelley Blue Book’s valuation tool, there are a few terms you’ll want to know first. Before we get started on the steps to using Kelley Blue Book’s valuation tool, there are a few terms you’ll want to know first.
You may feel that the KBB value does not reflect all the hard work you’ve put into your motorcycle. This is the price a dealer would expect to pay to purchase a private buyer’s motorcycle (that it is in good condition with typical mileage) when that buyer purchases a motorcycle from their dealership. The other major motorcycle pricing resources are the NADA Guides produced by J.D. Dealerships also take into account the amount of demand for your motorcycle. You’ll be prompted to select trade-in value or typical listing price. A dealership may also make cosmetic repairs and add upgrades to make the motorcycle more attractive to potential buyers. KBB.com is an essential third-party research source to attract and engage motorcycle shoppers. You’ll pay $12,500. sell your current bike before buying another, how to negotiate when buying a motorcycle, Ultimate Guide to Selling Your Motorcycle, How to Safely and Successfully Sell a Motorcycle During a Health Crisis, The Ultimate Guide to Selling Your Motorcycle, How to Use NADAguides to Determine Motorcycle Value, How to Get Top Dollar When Selling Your Motorcycle. While Kelley Blue Book tries to ensure all the information on their site is up to date, this system is anything but perfect.
The best way to determine your motorcycle blue book value is to visit the official Kelly Blue Book site for KBB Motorcycles value or NADA Guides for NADA Motorcycles value. The motorcycle blue book value is the generic term for the market value of a motorcycle made in a particular year by a selected manufacturer. Kelly Blue Book published its first blue book … We bet you’re here because you’re planning on buying or selling a motorcycle. Learn How It Works, How to Get Extra Incentives From a New Home Builder, Get Bragging Rights on Scoring the Best New Car Deal, vintage, collectible, and retro motorcycles, auctions, dealer sales reports, and dealer surveys, road conditions and the previous owner's riding style, uses data from more than 1.5 million vehicle transactions a month. You can also add value to your motorcycle by clicking “view options.” This is located on the results page below the description of the motorcycle’s engine, which is located below the motorcycle’s value. Those transactions include wholesale, retail, and auction sales. But, if the dealership values your trade-in at $2,500. But, keep in mind that the value calculated by KBB represents a motorcycle in good condition with typical mileage. Your email address will not be published. The motorcycle blue book value is the generic term for the market value of a motorcycle made in a particular year by a selected manufacturer. This way, you’re not surprised by how much worth when you decide to sell it. The Kelley Blue Book (KBB) is the origin of that term and is one of the most well-known pricing guides for those in the market for a used motorcycle.