Selling a used bike can be an overwhelming feeling for many riders who love their travel partner.
Certainly, it's fun and exciting for you to ride your motorcycle at short or long distances. However,
it's hard to bid farewell to the same.
Somehow, it's the rule of nature that nothing can last forever. Even machines have stipulated shelf
life and you have to leave at some point in time.
In the case of reselling your second-hand bike, it is something you cannot prevent after a few years
of usage factor.
So, if you have decided to sell the bike, then make sure to know the value of second hand
bike before reaching an interested buyer.
However, it is important to know the major factors that can affect the value of a used two-wheeler
and tips you can follow to maintain its condition.
Here, in this blog, we will be uncovering things that affect two-wheeler resale value and different
ways to maximize the same.
So, with no further ado, let's get started on the same.
Key Factors Affecting the Value of Old Motorcycles
1. Bike's Physical Condition
It goes without saying that the current physical condition of the bike can affect its resale value
directly and extensively. The way your motorcycle appears to the buyer is of significant importance
that will decide whether you will get the desired price or not.
2. Demand for Particular Motorcycle
There are many motorcycle brands available in the Indian marketplace. Not all brands have the
same demand and supply. For instance, the Hero Motocorp brand of vehicles has always been in
great demand with people ready to buy new bikes and resale the old ones at an expected price.
Therefore, it is essential to know the demand and supply factors directly responsible for impacting
the resale value.
You can check the current market scenario to know which brands of bikes are in high or low
demand these days. Accordingly, you will get to know the reselling impact and the current bike's
true value.
3. Mileage Efficiency of Bike
As we have mentioned the bike's condition, has a direct impact on its resale value. In a similar
fashion, mileage can increase or decrease the two-wheeler's value to an optimum extent. Every
buyer wants to have a motorcycle with increased fuel efficiency that can run wide kilometers within
the limited fuel inside the tank.
So, it depends on your bike's mileage to ensure getting the desired choice of reselling price. To
know the same, you can fill up the petrol and run for few kilometers to know its mileage.
4. Original Condition of Two-Wheeler
Several riders are in the habit of modifying their ride by adding the desired choice of accessories,
new paintwork, different components, and more. Although, there is no harm in doing little
modifications to your used bike, but try to maintain the originality.
Maintaining the original parts, suspension, paintwork, and components is important to resale with
ease. Any kind of heavy paintwork and changing the physical attributes of the bike can negate its
value.
5. Timing of Sale from Your Side
Even resale timing has an integral role to play. A particular time when you decide to resale the old
motorcycle is important to know. Especially from the buyer's point of view, it is essential to know
which type of motorcycle can be profitable to sell.
For instance, you can sell entry-level motorcycles all around the year. However, wait for a perfect
spring season to sell an adventure or a premium-looking motorcycle. Make sure to know the exact
demand at the marketplace and finalize the seasonal deal accordingly.
6. Revival Factor in Place
You have to check your rival brands before dropping at the marketplace to resale the existing
motorcycle. As we have already mentioned, several two-wheeler manufacturing brands like Hero,
Bajaj, Honda, TVS, etc., are available in the marketplace with different valuations and customer
preferences. Thus, the competition among different brands can directly impact the current resale
value of your ride.
Follow Different Ways to Maintain Bike's Condition & Increase Resale Value
In the above section, we have mentioned the things affecting the resale value of your existing
motorcycle. Next to know the thing is steps taken to increase valuation.
Best Online Platform for Doing Bike Valuation
Finally, when you're done with the above-mentioned ways to increase the valuation of your existing
motorcycle. Next to do the thing is actually checking its value at a reliable platform. In light of this,
Wheels of Trust (WOT) is a reliable platform where you can do the bike's valuation online. This
easily accessible website allows you to add basic details of the bike, physical, and mechanical
status, along with your location information to check the exact value.
For those who don't know, WOT is a platform created by the leading two-wheeler manufacturing
brand Hero Motocorp. The company allows people with an existing bike to check its valuation free
of cost, sell the motorcycle, or even exchange it on the same platform itself.
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