Motorcycle blue book value is an indication of how much a preowned motorcycle is worth between private parties. While there are many resources that you could use to find a motorcycle’s private party value, Kelley Blue Book and the National Automobile Dealers Association (NADA) have become the industry leaders. Knowing a motorcycle’s blue book value is advantageous for buyers, sellers and for motorcycle riders negotiating with their insurance companies after a total loss.
- What Is Motorcycle Blue Book Value?
- Why You Should Know Your Motorcycle’s Blue Book Value
- What’s My Motorcycle Worth?
- Kelley Blue Book Motorcycle Values
- NADA Blue Book Motorcycle Values
- What Is Motorcycle Blue Book Value?
- Why You Should Know Your Motorcycle’s Blue Book Value
- What’s My Motorcycle Worth? Finding the Blue Book Value on Motorcycles
- How To Find Your Used Bicycle Blue Book Value
- Tips for buying second hand bikes: The DOs
- Tips for buying second hand bikes: The DON’Ts
- Bicycle Blue Book Makes Buying Used Bikes Easy
What Is Motorcycle Blue Book Value?
Motorcycle blue book value is an indication of how much a motorcycle is worth in the private market. In other words, if you’re looking to sell or buy a motorcycle, a motorcycle’s blue book value is how much you should expect to either pay or receive in a transaction. The term “blue book value” was popularized by Kelley Blue Book, an automotive research company. However, today, motorcycle blue book is a generic phrase, meaning most people who use it are simply referring to a vehicle’s value. Each company that provides blue book values for motorcycles has their own methodology for doing so.
Why You Should Know Your Motorcycle’s Blue Book Value
Knowing a motorcycle’s blue book value can be helpful to a lot of motorcycle riders, particularly those negotiating with their insurance companies for a higher claim payout. One of the more popular options when purchasing full coverage motorcycle insurance is to opt for actual cash value coverage. Say you bought your Harley Davidson motorcycle for $25,000, but it has depreciated to $15,000. If it’s totaled, your insurance company would give you $15,000 (the current market price) minus your deductible. This is in stark contrast to replacement cost, which would reimburse you for the cost of a new Harley Davidson motorcycle. You’ll want your insurance company to use the most accurate value.
If you feel the settlement your motorcycle insurance company offering you is low, we recommend negotiating with your insurance company. One approach that you can take is to compare what your insurance company claims the market value for your motorcycle is to the motorcycle blue book value for your Harley Davidson. If your motorcycle’s blue book value is more than what your insurance company is offering you, you’ll want to point this out to your insurer.
Keep in mind that there are other ways to negotiate with your insurance company after an accident that don’t require you to research your motorcycle’s blue book value. For instance, you could hire an independent appraiser to calculate a value for your used motorcycle and then present this figure to your insurance company.
Anyone who is looking to either buy or sell a motorcycle would also benefit from knowing a motorcycle’s private party value. For example, if you’re attempting to sell your vintage motorcycle, how would you know what price to list? One popular method is to list it at or around its motorcycle blue book value. This would ensure you’re receiving a fair amount for your vintage motorcycle. Whether your transaction involves a vintage Harley Davidson motorcycle or a used dirt bike, we recommend checking the motorcycle’s blue book value.
What’s My Motorcycle Worth? Finding the Blue Book Value on Motorcycles
To find out what a motorcycle is worth, we recommend checking out Kelley Blue Book and NADA. Both companies offer free values, which you can check on their respective websites, and both use sales transactions when calculating a used motorcycle’s value. But each company uses a different methodology, so you’ll likely get a different blue book value from each.
Kelley Blue Book and NADA’s sites are easy to navigate. To obtain a NADA bike value, all you need is a used motorcycle’s make, model, year and your ZIP code. NADA’s site even allows you to select customized equipment. Kelley Blue Book’s site only requires a used motorcycle’s make, model and year in order to get a blue book value. Kelley Blue Book allows its users to check a used motorcycle’s accident history by entering its vehicle identification number (VIN) into an optional box. This “VIN check” can provide used motorcycle buyers with reassurance during the transaction that a seller is being honest about a motorcycle’s previous accidents.
We recommend taking both figures into account when selling, buying or negotiating with your insurance company, and using the blue book value that most benefits you. For instance, let’s say Kelley Blue Book claims your used motorcycle’s blue book value is $10,000, but NADA estimates that it’s $9,000. In this scenario, anyone selling their motorcycle or negotiating with their insurance company should point to the $10,000 blue book value from Kelley Blue Book. On the other hand, buyers will want to highlight the $9,000 blue book value from NADA. Below, we outline how each organization arrives at its blue book values for motorcycles.
Kelley Blue Book Motorcycle Values
The motorcycle blue book values that Kelley Blue Book gives its users are based on several data points, including sales transactions and auction prices. Kelley Blue Book accounts for seasonality and market trends in its blue book values. Furthermore, its values reflect local conditions and are updated constantly. This means someone looking for a motorcycle blue book value in Florida is likely to get a different value than someone searching for one in Washington.
NADA Blue Book Motorcycle Values
NADA is the largest publisher of vehicle pricing information. To arrive at NADA blue book values, NADA’s editors review more than 1 million sales transactions each month. The sales that are reviewed include retail and wholesale figures. NADA’s blue book values take into account a motorcycle’s overall condition, mileage, history, and the local supply and demand.
How To Find Your Used Bicycle Blue Book Value
Used Bicycle Blue Book Value
The Pro’s Closet is staffed with a team of bicycle experts who evaluate high-end bicycles every day. We lead the market in high-end pre-owned bicycles. In this post, we will provide you with a couple of bicycle valuation strategies for when you are interested in selling your used bike.
The market value, or “blue book value,” of your used bike is indispensable knowledge. It lets you know what you should ask for and what you should accept for your bike when it comes time to sell. But how do you determine your used bike’s value?
Bicycle values are not a static thing. They fluctuate, which is why a bicycle blue book database will give you a wide range of values. It can be affected by a number of factors, ranging from the amount of available inventory in the market, current cycling fashion and trends, and seasonality. For instance, most bikes sell for less in the winter than in the spring.
To understand the value of your bike you must carefully study the marketplace. Since The Pro’s Closet is the world’s largest seller of pre-owned bikes, our experts can track asking prices, sale prices, depreciation trends, using a mountain of data. The average person, however, will need to carefully examine their own marketplace to estimate value.
Let’s look at a couple of easy options for you to quickly and easy determine an approximate value for your bike.
Option 1: The Pro’s Closet
If you don’t have the time to surf the used bike market and go through the hard work of determining your own used bike’s value, then listing it and selling it, then The Pro’s Closet can help. With expansive expert knowledge and experience in all sorts of high-end bikes, plus the resources to collect every possible bit of information, we can give you a quote for selling or trading in your used bike quickly, accurately, for free, and with no obligations.
Find out how much your bike is worth from our pre-owned bike experts, go to the Sell/Trade page on our website. Follow the instructions to submit your bike and you’ll receive an offer within one business day. Our goal is to make it easy for you to get a good value for your bike, and help you move on to your next bike.
*Note: The Pro’s Closet only purchases bikes with an original MSRP of $1500 or more.
Option 2: Checkaflip
Checkaflip is a simple online tool that helps approximate your used bicycle’s value using eBay listings. It compiles data from sold and active listings on eBay and draws its sold listing data from items sold in the last three months, so it remains current.
Checkaflip provides two handy metrics for sold listings. The first is the average selling price compiled over the last three months. The second is the sell-through rate. This lets you know how well the bikes sold at that average price. Anything above 50% is a fairly decent sell-through rate and the higher it is, the more in demand a bike is, and more likely you’ll be able to sell at the average sale price.
Checkaflip will also show the average asking price of bikes that are currently listed. This can help you to remain competitive with your competition, and also understand how much your bike is selling for compared to what sellers are asking. Often, bikes actually sell for under asking price, as most sellers post higher prices expecting to entertain lower offers.
Armed with this information, you can then deduce your bicycle’s real-world value. Your selling strategy then is up to you.
Buying a new bike can be a costly affair, but you can make your money go further by buying second hand.
The internet is home to a plethora of great deals for second hand buyers, but it also hosts a few people looking to rip you off – so it’s important to keep your wits about you.
With our help you’ll be able to find the best bike to fit your needs: both on the road and in the wallet. Here are our best tips for buying second hand bikes.
Tips for buying second hand bikes: The DOs
DO use a dedicated service
Use a dedicated service, like Bikemart
Online services like our Bikemart pages or eBay are a good way to go when buying second hand bikes. Forcing sellers to either provide contact details or housing feedback from previous buyers creates accountability.
Using Bikemart goes a long way at combating online scams by giving buyers the opportunity to meet before parting with any cash. Just make sure you choose somewhere safe when meeting a stranger, especially if you’re taking cash.
Sites like eBay provide feedback from past users which allows buyers the chance to make an informed decision on the seller’s trustworthiness before making a purchase.
On top of that, sellers must go through Paypal which uses Buyer Protection. This means that, should your item not arrive, be damaged in transit or be completely different from what you bought, you can still get your money back.
DO meet with the seller face to face
It’s not always possible to find the bike or your dreams in your local area, forcing you to look further afield. So what do you do when you find that two wheeled beauty you’ve been looking for? Well, go and see it in person.
Buying a bike is a lot like buying a car: you wouldn’t buy one without having tested it, so why would you with a bike? Asking to post a bike may be a lot less hassle for you but there is no way of knowing 100 per cent that you are getting a fair deal.
DO research the competition
Shop around before you set your heart on a second hand bike
Don’t go into this blind, be sure to see what prices similar bikes from that year, brand or set up have been going for before you open dialogue about the purchase.
Having researched the competition you can easily fight your case for a better price. Not only will this give you confidence going into things but will also show the buyer that you mean business and are eager to buy.
Once you’ve done your research, don’t be afraid to haggle. Be sure to have examples of other sales at hand. Make sure you have a number in mind before you start haggling and offer less than that: starting low you’ll eventually find that you work your way towards the middle ground which should be your preferred price if it all works out.
DO be prepared to walk away
Sometimes haggling isn’t successful – but that’s ok. If the owner isn’t budging and is determined to get their set price it’s key that you accept that and walk away.
Unless it’s a rare collectible, chances are you’ll find something similar soon enough so don’t feel like you have to pay through the nose.
DO check the bike for wear and tear
Inspect the bike to see if it actually works
It may seem obvious but be sure to check the bike over for any damage, particularly on the frame. Cracks should be major red flags, especially around the seat post and rear stays where they are most likely to fail catastrophically, causing you serious injury.
Things to check:
- Frame for cracks (rust or scuffs are usually surface deep and only affect aesthetic)
- Tyres are pumped
- Chain and cassette aren’t rusted or stretched (these won’t cost much to replace if they are)
- Brakes work and the pads aren’t worn down
- Shifting and gearing is effective
- The bearings work and move freely without any grating feeling (headset, bottom bracket and wheels)
DO consult a friend and bring them along
A great way of preventing you from spending above your means is to bring a friend along with you. Many of us get wrapped up in the romance of seeing a bike you love and wanting to get it at all costs but it pays to have an objective point of view nearby.
Whether it’s stopping you from paying £100 more than you should or realising the whole thing is a scam, an extra pair of eyes can make all the difference.
DO check if it’s stolen
Sometimes a deal that’s too good to be true is just that and you could be buying a stolen bike. Be sure to see if it has been security marked.
A good way to do this is by checking the frame number or BikeRegister ID’s free BikeChecker facility on the BikeRegister database to make sure that the bike is not listed as stolen. Alternatively, ask for any proof of purchase if the bike is relatively new.
Tips for buying second hand bikes: The DON’Ts
DON’T send money without seeing the bike
This is the most important tip for buying second hand bikes.
Apart from sites like eBay that have regulations in place to protect both buyer and seller, never send money having not seen the bike you’re buying in person.
Sites like Ukash, MoneyGram or Western Union are often used by scammers when asking for money to be sent prior to bike handover.
These services are not designed for money to be sent between buyers and sellers but for families sending money abroad, meaning that there are a number of loopholes that can be exploited costing you a hefty sum.
For more advice on transferring money, read this advice from Get Safe Online.
DON’T haggle too soon
Hold fire before haggling on a second hand bike
Haggling is part and parcel of getting a good deal, but wait before going all guns blazing to get the best deal. Building a rapport with the seller, whether that’s through gentle conversation or talking about the bike will ease the seller into the deal.
Letting the seller bring up the issue of money first will go a long way to ensuring that you can work out a deal that you’re happy with. Storming in with low prices from the off can deter the seller from accepting any of your bids and could potentially lose you the deal.
DON’T buy from abroad
For best practice, keep your search to your home nation. As soon as a search goes abroad it becomes increasingly more difficult to secure a deal that won’t end in tears.
Buying a bike from France is tricky, but buying a bike from outside the EU is asking for trouble as the further the distance the less accountability the seller has.
How does it work?
Our seasoned mechanics will check over the bike and guide you through the valuation process using the third-party blue book service BicycleBlueBook.com. We will then issue you immediate credit for your purchase or a gift card which can be used at any later time towards any purchase at BEACON Cycling. You can get an estimate of your bike’s value here to get an idea what your bike might be worth.
How will a bike’s condition be evaluated?
One of our veteran mechanics will use good judgement to assess the condition of the following systems to arrive at an overall condition:
- Touch points (grips, saddle)
What bikes will be accepted?
In general, most bikes originally purchased from a bike shop will be eligible. To do our part to fight bike theft and for your security, we will require the following to process a trade in:
- Valid driver’s license
- Serial number on the bike must not be defaced or destroyed
Some other fine print:
Before you load up your bikes and family into the car, please consider the following:
All valuations will be provided by the 3rd-party BicycleBlueBook.com database. For bikes that do not exist in this database, an ad hoc good faith valuation will be made. BicycleBlueBook.com valuations assume all stock-componentry. Any upgrades/downgrades from the original specification will be taken into account. Some bikes may not qualify for resale and therefore will not be eligible for trade-in. Many department store bikes (Huffy, Magna, Next) will fall into this category.
Bicycle Blue Book Makes Buying Used Bikes Easy
Finding used bikes online is like coming across photos of Miley Cyrus’ tongue. You don’t have to look very hard-there are too many too count. Finding the right bike that’s within your budget, however, is much more challenging.
Even the cheapest beater bikes (you know, the ones wrapped in, cringe, duct tape) are overpriced for the simple reason that two-wheelers are really hot right now. In the last decade, bike commuting has increased 62 percent with nearly a million people pedaling to work, according to the American Community Survey. With so many eager new cyclists looking to ease into the trend, used bike sellers have a real opportunity to make bank at others’ expense. And who can argue with them since they’re the only one’s who know their bike’s worth. That is, until now.
Finally there’s a way to calculate the value of a hand-me-down bike and call these secondhand swindlers on their B.S. The new website BicycleBlueBook.com has taken a page from the famous Kelly Blue Book for used cars and created a pricing guide dating back to models made in 1993. The three founders came up with the idea when they started selling their own used bikes stacking up in their garages.
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Using their combined past retail experiences, they created this online database of used bike values based on millions of actual sales transactions, explains Matthew Pangborn, the site’s director. “Ultimately, we hope to increase the frequency of new bike purchases by helping cyclists sell their used bikes for fair and trusted prices in a safe manner,” he says.
Vice versa, if you’re looking to sell your steel steed to upgrade to a faster carbon-fiber frame, you can also use this same tool to determine an asking price and even list your bike on the site’s Marketplace (they’ll connect you to a local bike shop to help you ship it too). I recently used the value tool to sell my sister’s 2003 Specialized Allez on Craigslist and a savvy shopper questioned my price (we had both consulted BicycleBlueBook.com). I was able to justify the $50 increase because the bike had just received a tune-up, which included replacing the chain, and it had a new saddle. I might not have pointed out these improvements had the buyer not asked, so this tool can help you ask the right questions to make the best decision.
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With that in mind, one thing this tool doesn’t consider is any changes that might have been made to the bike since it’s original purchase. The owner might have pimped it out with a new wheel set, a better braking system, or more aerodynamic handlebars-and of course, all of these tweaks can add up to a pretty penny. Conversely, they could have also added scrapes, nicks, and seat gashes from crashes, so it’s worth discussing about the bike’s history before you agree on a price.
- By Cristina Goyanes