Written by: Emily Joswiak • December 13, 2020• Auto

How To Buy a Motorcycle for Less

If you’re looking for a vehicle with impeccable fuel efficiency, low insurance costs, and a highly enjoyable driver experience, a motorcycle is a great option. Typically, motorcycle prices range from around $5,000 and $10,000. If those numbers are a bit outside your price range, don’t worry. There’s no need to put your dream of owning a motorcycle on the back burner. Below, we’ll discuss some of the best tips on how to buy a motorcycle for less.

Choose Used

One of the best ways to spend less money when purchasing a motorcycle is to opt for a used model. They’re generally much cheaper than brand new ones. Despite having a past owner, there are still plenty of used models that have been kept in great condition-you may not even notice that it isn’t brand new!

Typically, motorcycles from the 1980s to the early 2000s will sell for the least amount of money as they have hit the bottom of their depreciation curve. Anything older, however, may be regarded as a classic and will likely have a higher price tag.

Purchase A Fixer Upper

Another tip on how to buy a motorcycle for less is to buy a fixer-upper project. Motorcycles that have sustained damage or are a little worse for wear often sell for far less than their pristine counterparts. This is the best option if you’re looking at buying a classic like a Harley Davidson. Head to Harley Insider if you have a Harley that needs some TLC – they have plenty of useful pages on how to keep your bike in tip-top condition.

However, if you’re considering purchasing a motorcycle that has sustained substantial damage or is even salvaged, make sure that you’re up for the job. If you don’t have a lot of experience repairing motorcycles, you’ll likely end up needing to take it to the mechanic-which can quickly rack up a significant bill. As such, you should take the time to fully assess the damage and calculate potential repair costs before taking on a fixer-upper motorcycle project.

Opt For A Smaller Motorcycle

If you’re on a budget, opting for a bike with a smaller engine in the 250cc to 500cc range is a great way to save money while still getting a sweet ride. Smaller motorcycles generally sell for much less than larger models.

Most people start out with a smaller bike because they’re more light weight and manageable. Once they get their bearings, they often sell the bike after a season or two for a larger model. As such, you can likely find a wide array of small used motorcycles in great condition. As an added bonus, smaller motorcycles are typically less expensive to insure which will result in attractive long-term cost savings.

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