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Know the Re-Sale Value Before You Buy That New Motorcycle

You should known exactly what the resale value of that new motorcycle is before you buy it. Out side of rider compatibility, resale value is probably the most important aspect in buying a new motorcycle. The reason for this is that when the time comes to trade your motorcycle for a new one, you will want to know that you will get what your motorcycle is worth, and you will not owe anything that will be tacked on to the end of your next motorcycle financing. I can assure you that in most cases you will not get what you think your motorcycle trade in is worth. An example of this is, I bought a new Honda VTX 1300S in 2005, and in 2007 I wanted to trade up for a new Yamaha Raider.

I went back to the Motor Sport dealer that I bought my VTX from in hopes of getting a great trade in offer. Even though I had purchased my motorcycle from them, the best the dealer could do was giving me $ 4800.00 trade in for my used motorcycle. I stilled owed roughly $ 6500.00 on the VTX, so I would have had to tack the difference on to the end of my financing for the new Yamaha Raider to pay off my Honda VTX or pay the difference out of pocket. I did have one other option though, and that was to sell the Honda my self to get what the bike was worth. The option to sell my Honda out right was the best way for me to get the best return and assure that I could pay off my motorcycle before I financed the new Raider. However, with all of the special incentives and deals on new motorcycles offered by the dealer, trying to sell my used VTX was easier said then done.

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