4 Useful Haggling Tips When Buying Used Motorbikes
Owning the perfect motorcycle can be considered a pipe dream for many people. One reason is that they can’t afford to buy a motorcycle, another is they haven’t found the right one that suits their needs and preferences. However, don’t let those reasons stop you from owning a motorcycle. This is why there’s a market for secondhand motorcycles out there so you can have more options and you can easily find a machine that fits your budget. Used motorcycles can be an excellent investment as they are relatively cheaper than buying a new one while still getting a bike in decent enough condition you can use for years.
If you’re a bit more conscious about your budget, you can even haggle your way to a more reasonable price. While it may not always work, haggling can save you some money on your purchase. Here are some foolproof haggling tips to help you get that sweet spot on the price of a used motorcycle.
1. Know What You’re Buying
When purchasing vehicles, research really matters. You need to prepare yourself and do your homework if you want to get the best deals possible. Try to research motorbikes for sale that are similar to the one you’re looking for. Then, look up the price of any particular unit online to see its value. Finally, you should understand how rebuilds and upgrades affect the value of used motorcycles. With a bit of effort, you can sound like an expert instead of a novice.
2. Rethink the Book Value
Motorcycle book value can be a sore spot with sellers. Rather than looking at the street value of a bike, some owners fully commit to the book valuation. The problem is, book values don’t always align with the street value of a particular vehicle. Book values tell a seller how to price a bike theoretically, the street value is a much better indicator of the machine’s worth. This is where the battle of the wits occurs, where you need to outsmart the seller. You need to be able to provide detailed information about the motorcycle’s private property value so the seller can have an idea of what its street value is. This can be a tricky situation, especially if you’re dealing with someone who also aims to outsmart you.
3. Calculate Your Lowest Offer
Most negotiations proceed in the same way. The seller makes an initial offer to deliver the bike to you for the purchase price. Since your goal is to haggle and bring down the price, that initial offer will most certainly be followed by your own counteroffer. Generally, you should start by giving your lowest offer and work your way up to where you and the seller will agree to compromise. This isn’t an easy thing to do, as you can irreparably harm the possibility of continuing negotiations if you give an insultingly low offer. So be cautious and give your most reasonable lowest offer.
4. Be Prepared to Pay Using Cash
We’re talking about used motorcycles for sale, so financing isn’t exactly an option for these kinds of transactions. Most sellers will not wait around for you to figure out financing or wait for a paycheck. So, be prepared to pay upfront once the deal pushes through since most sellers are looking for a quick and easy way to get the money, which is why they put the bike on sale in the first place.
It’s also a better idea to do the haggling in person if possible. This allows you to inspect the bike and to talk more sincerely with the seller.
These are just some of the tips you can use when haggling for a used motorcycle. Since you’re already getting a cheaper priced bike, it wouldn’t hurt to push your luck and sweeten the deal even more so you can save a bit more money.
WeBuyMotorbikes is one of the leading independent motorbike dealers in the UK. Our expertise and passion for motorbikes has earned us a solid reputation over the last 20 years or so. If you’re looking for the best deals on used motorcycles for sale, WeBuyMotorbikes is the place to go. Contact us today to get a valuation of your bike.