Are you thinking of selling your motorcycle? If you are, you’ll likely want to know, “how do I find the value of my motorcycle?”
The answer is not always easy to find. In some cases, you can take the bike to a dealer or an appraiser and get an estimate based on its condition, mileage, and features. However, if that isn’t possible or convenient for any reason—maybe the bike is too heavy or hard to move, for example—there are other ways to determine your bike’s value.
Let’s dive into how to find the value of your motorcycle.
Determine What Kind of Valuation You Need
Say you want to sell your motorcycle. You’d want to know its value, right? Maybe you want to trade it in or use it as a credit for another model or to insure it.
Let’s say you’re just curious about what your bike is worth. Maybe you have no plans to sell or trade—it’s just fun to know! Either way, getting a ballpark figure of what something is worth can be difficult without some context and guidance, and having a clear idea of why you want the valuation is key.
Find a Buyer’s Guidebook or Website
If you’re looking for an easy way to find the value of your motorcycle, there are several options. You can look up the value in a buyer’s guidebook or website. These publications offer information about how much a certain type of motorcycle should be worth based on its make and model, as well as what other people have paid for similar bikes.
You can also search online for used motorcycles that are listed for sale. This will give you an idea of what other sellers are asking for their bikes by comparing their prices to similar models (i.e., the same year, type, etc.).
Use the Kelley Blue Book
Another good way to find a valuation is through the Kelley Blue Book (KBB). This website is also free, and as its name suggests, it’s a popular guide for used car buyers.
Kelley’s system is similar to NADA: you can get an idea of what your bike is worth by entering your vehicle details and the age of your motorcycle.
The KBB will give you a range of prices based on those criteria. It will also assign values that are comparable to other bikes similar in make and model so that you can see where yours fits into the market, if at all.
Consider Taking the Motorcycle to an Appraiser
If you are unsure of your motorcycle’s value, you can take it to an appraiser. Appraisers are independent professionals who specialize in determining the fair market value of vehicles.
The process used by appraisers is unbiased and standardized, so they will give you a more accurate answer than an insurance company or family member might.
Contact the Manufacturer or Dealership
If you’re not sure which model your motorcycle is, look at the license plate and the serial number. Then contact the manufacturer through email, telephone, or their website. Be sure to quote this information when asked alongside your full name and the location you purchased the bike.
You can also contact the dealership where you purchased your motorcycle, or a dealership from which you intend to purchase a new bike. Many dealerships offer a free estimate of your motorcycle’s value for trade-in deals. Typically, these estimates will be based on information like the typical make and model in addition to more specific information, such as whether the bike is still under warranty or whether there is an outstanding lien on the motorcycle.
This information will help the dealership determine a value that is likely to be more accurate than something like the KBB, as not only is the information more detailed, but the experienced appraisers at dealerships are some of the best experts in the industry.
Visit NADA Guides
One of the best ways to determine a used motorcycle’s value is by going online. The National Automobile Dealers Association (NADA) provides information on a large number of vehicles, including motorcycles, ATVs, and snowmobiles.
In addition to providing you with a fair market value for your bike, NADA guides also allow you to compare prices from dealers in your area and search for specific makes or models that are currently on sale.
The NADA website has an extensive database of current values for used cars and trucks as well as boating equipment, off-road vehicles, and motorcycles. You can use this information to determine what you might expect to receive if you sell it yourself or through an auction house or consignment shop.
For example, if you have a Harley-Davidson Dyna Street Bob that has been well kept over the years but still looks like new, with only 787 miles on it, then NADA guides may suggest that it could fetch between $13k-$15k depending on its condition, among other factors.
Search Auction Sites
Search auction sites like eBay and CycleTrader. These sites often have many listings of used bike parts, such as frames and engines. This is a great way to find components that are compatible with your motorcycle, or perhaps even an entire motorcycle! The cost of individual parts can help you better understand your motorcycle’s value.
You can also search for other items that may be useful in repairs or maintenance, such as tires and chains.
To get an idea of what your bike might be worth, take pictures of it from different angles and post them on these sites. Be sure to include detailed information about the make/model/year/mileage in your description so potential buyers can tell if they’re buying something worthwhile (or something they’ll need to spend more money replacing).
Motorcycle Valuation at Harley-Davidson of The Woodlands
Now that you have the answer to the question “how do I find the value of my motorcycle,” you can get started on reaching out to the various resources we have outlined to find your bike’s value.
Ultimately, your motorcycle is worth what someone is willing to pay for it. If you want to sell it, the amount of money you can get for your motorcycle depends on how well the bike has been maintained and how much use it has seen.
That being said, your best bet for a fair price is likely to be your local dealership. Not only will the appraisers at your dealership have unique, expert knowledge of what will add or subtract from your motorcycle’s value, but a dealership provides your best chance for someone purchasing your motorcycle.
With sites like KBB, NADA, or eBay, you can value your bike and list it for sale, but there’s no promise that anyone will purchase it. With a dealership, on the other hand, you’re much more likely to get an offer for a trade-in or just to outright purchase your motorcycle, as the dealers will have the resources to fix it up as they feel is necessary.
For more on Harley-Davidson motorcycles and how we can help you trade in or value your motorcycle, be sure to contact us today.
Harley Davidson of The Woodlands
Harley-Davidson of The Woodlands has been serving Southeast Texas for more than 20 years. We provide the Greater Houston area with new and pre-owned motorcycles, riding apparel, parts, maintenance service, and more at our state-of-the-art dealership. Whether you’re a new rider or a seasoned Harley vet, our friendly team of Harley-Davidson experts is ready to help you find the perfect bike today. Stop by and visit the Harley-Davidson of The Woodlands Showroom off of I-45 North in The Woodlands, TX.