Bike Buyers Tip: How to get the most for your used bike
Bike Buyers is in the business of purchasing motorcycles which then find themselves on the showroom floor of the famous Fire It Up dealership in Fourways, and the number of motorcycles on the Fire It Up floor suggests they are damn good at what they do. Collectively, they have many decades of bike buying experience and will be sharing their knowledge with The Bike Show Website every Monday offering tips, advice, guidance and warnings regarding your bike buying or selling experience. For this week’s tip, we look into how to get the highest price for your used bike when taking it to a dealer.
We have already established that selling your bike privately comes with massive risks, both financially and physically, and more people are, instead, relying on selling their bikes through dealers. While this is a safer option, it’s not the end of the story, because people want to get the highest possible price for their bike. Here are some tips.
Keep in mind that a dealer is taking a risk by buying your motorcycle. They are departing with some of their cash-flow, and need to ensure that it is replaced, with profit, as soon as possible. The faster they can sell your motorcycle for the best price, the more they will be willing to offer you. If the bike looks as though it has to spend time in the workshop being repaired or waiting for spares before it can be placed on the floor, the dealer will be less keen to buy it.
A busy dealer is more likely to make you a good offer, because used bikes are in demand at the moment and most busy dealers are selling more motorcycles than they can buy. Your bike is desperately needed.
The first and most important thing to do before offering your bike to a dealer is to make sure it’s clean. Not simply rinsing it down with a hosepipe clean, but gleaming everywhere. The bike needs to be properly detailed whereby every piece is cleaned thoroughly, every piece is polished to shine, and every scuff and scratched is completely buffed out. And by piece, we don’t just mean bodywork, but every piece everywhere on the motorcycle. The dealer is going to look into every nook and cranny.
This gives the dealer confidence in the machine, because not only does it tell the dealer that the owner cares about it but it also means the dealer can inspect the bike completely without having to look through layers of grime.
Do as many quick-maintenance fixes as you can, like make sure the chain is clean, rust free, lubed and correctly tensioned. Replace the brake and clutch fluids to make sure they are clear and that the brakes are sharp and clutch takes smoothly. The dealer looks for these things.
These are the tricks you can do without spending much money, but if you do have some cash to spend on your bike before taking it to the dealer, then it is a good idea to do so.
If the tyres look worn, even if they are not finished, it is worthwhile replacing them. The same with brake pads. Re-cover the seat if it has any nicks, replace the grips, have any scoffs in the metal buffed out, replace any parts that are scratched and get it repainted if the paintwork is faded or scratched.
Try and make your bike look completely new. This tells the dealer that it is a low-risk machine that they can sell quickly without any delays or comebacks. To a dealer, this is gold.
It’s very likely, to put it in perspective, that if you spend R10,000 making your machine look pristine, you will get an extra R20,000 from the dealer.
To the dealer, it is worth it.