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Showing posts from October, 2020

How Can Depreciation Hurt the Value of Your Motorcycle?

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When you purchase a motorcycle from a dealer, or a private seller, you are paying a retail price whether you buy new or used. This initial investment begins to decrease the moment you take possession of the bike. Over time, your motorcycle will lose some of its value for various reasons including wear, tear and mechanical issues. This deterioration of the fair market value is referred to as depreciation. The rate at which your motorcycle will depreciate is contingent on the number of miles you put on your bike, along with other important factors. These include the make and model of your bike, specific mechanical issues and the overall demand for motorcycles by consumers. Given advances in technology and shifting consumer requirements, certain models of motorcycle can quickly fall out of favor. The fair market value of these motorcycles can decrease rapidly. If you wreck your motorcycle or are in an accident with motorists, and the bike requires significant repairs, this can furthe...

What's the Best Way to Sell My Motorcycle or Powersport Vehicle During COVID-19?

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Since COVID-19 began barreling down on the United States, everything has changed, including options you have for selling your motorcycle. Fortunately, the team at Cash4Motorcycles offer a streamlined process where you can sell your motorcycle, ATV, watercraft, or powersport in as little as an hour— even during COVID-19. Our process means you are likely to deal with a single person and adhere to all social distancing protocols. Let's take a closer look at how Cash4Motorcycles makes selling your motorcycle as easy and contactless as possible. What's the Best Way to Sell a Motorcycle, Four-Wheeler, ATV, Watercraft, or Powersport Vehicle During COVID-19? Traditionally, selling your motorcycle, four-wheeler, ATV, watercraft or other powersport vehicle required you come into contact with several different people. Whether you traded it in at a dealership for a new motorcycle or sold it directly to another person, these methods make maintaining social distancing difficult. Sell...