Often asked: How To Find The Resale Value Of A Motorcycle?

How do I know the resale value of my bike?

Use OBV and get fair and realistic value for your used bike. How to find the right bike resale value with OBV? Immediately after you click submit, based upon the fields you filled, you will get a price range which denotes the old bike valuation.

What is depreciation value of a motorcycle?

Depreciation rates for your Bike

Age of the Bike Depreciation %
2-3 years 30%
3-4 years 40%
4-5 years 50%
5+ years IDV mutually decided by the insurance provider and policyholder

What motorcycles hold their value?

By brand, according to data compiled by the Kelley Blue Book Official Motorcycle Guide, Harley-Davidson motorcycles retained an average of 84% of their value over a five-year period. BMW was not far behind, at 81%, with Indian, Ducati and Triumph trailing slightly at 77%, 73% and 72%.

How much do motorcycles depreciate per year?

Example: $12,500 – $1,875 / 8 = $1,328 per year. Multiply the value you calculated in Step 2 by the number of years since you purchased the motorcycle. Then subtract that value from the purchase value of the motorcycle to get the depreciated value. Example: $12,500 – (5 years x $1,328 ) = $5,860.

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What old bikes are worth money?

The most valuable vintage bicycles

Vintage bicycle Copake Auction selling price
c. 1890 “The Rochester” $23,000
1937 Elgin Bluebird $17,250
C. 1960 Bowden “Spacelander” $13,800
C. 1870’s child’s boneshaker $7,020

Which bike has more resale value?

Till that time, have a look at the best resale value bikes in India that you can purchase in the year 2020-21. Best Resale Value Bikes Price list in India.

Model Price (Ex-showroom Delhi)
Bajaj CT 100 ₹ 44,890
TVS Star City Plus ₹ 63,995
Honda CB Unicorn ₹ 94,548
Royal Enfield Classic 350 ₹ 1,61,688

Why do motorcycles hold their value?

They simply sell for what the market supports. Low mileage is a positive factor in any vehicle valuation. Bikes have always been weird like that. They depreciate fast like cars when you buy them – people are either buying new or looking for used, so a year old bike is worth substantially less than a new one usually.

How is depreciation rate calculated?

The depreciation rate can also be calculated if the annual depreciation amount is known. The depreciation rate is the annual depreciation amount / total depreciable cost. In this case, the machine has a straight-line depreciation rate of $16,000 / $80,000 = 20%.

How much do new motorcycles depreciate?

What is the depreciation rate on a motorcycle? According to the ‘BikeSocial’ page on Bennetts, a brand- new motorcycle’s value drops nearly 20 percent during the first two years of ownership, and this figure doesn’t even include mileage or overall condition.

What is the most reliable motorcycle?

They surveyed over 11,000 subscribers and the results were that the most reliable motorcycle brand were (in order): Yamaha, Suzuki/ Honda (tied), then Kawasaki. Cross referencing with Consumer Reports.

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Motorcycle brand Likelihood of buying same motorcycle brand again
Victory 80%
Harley-Davidson 72%
Honda 70%
BMW 68%

Where is the best place to sell motorcycle?

Here are a few market places that might help you get top dollar for your bike. Autotrader ( motorcycles only), Motorcycle Classics, and of course Cycle Trader. For local listings you might even try Oodle, Pennysaver, or one of my favorites, Offerup. Local listing platforms usually have lower or zero fees to sell.

What is the best motorcycle for the money?

With that in mind, getting the most bike for your money is key, and here are the ten best value motorcycles of 2020.

  • Suzuki-SV650.
  • Kawasaki Ninja 650 review.
  • Honda CBR650R (2019)
  • MT-09 SP.
  • 2017 Suzuki GSX-R1000R 2.jpg.
  • Kawasaki Vulcan S.
  • Harley-Davidson Softail Standard.
  • Royal Enfield Himalayan.

How much is a brand new motorcycle?

Common Price Points. A new motorcycle can cost anywhere from $4,000 to $6,000 for an entry-level model to $30,000 and up for very high-end bikes. Most motorcycles are priced somewhere in between.

Is a motorcycle an investment?

Motorcycles are no exception. Don’t expect to make money on a motorcycle you buy and use regularly. Actually invest your money. But if you buy a motorcycle don’t pretend it is an investment, it is a depreciating asset.

How much do Harleys depreciate?

Average Depreciation Per Year For Harley-Davidson Motorcycles

Model Average Depreciation
Harley -Davidson Street Glide 47.9%
Harley -Davidson Road King 50.1%
Harley -Davidson Road Glide 7%
Harley -Davidson Street (500&750) 58.5%