Counting on Nada and Kelley Blue book to Know Your Motorcycle Value and Price

Looking to sell a motorbike you own? Or maybe you’d like to buy a new one?

Whatever your situation is, you need a reliable guide to get a price check. And these 2 automobile guides “Kelley Blue Book and Nada Guides” that helps you to value your motorcycle.

Why Knowing Motorcycle Value is Necessary

There are many reasons why getting to know your bike’s price is a good idea.

For starters, it helps out with negotiations. That is, if you find the bike you want, you know what the market price for it is.

You also know what to pay, based on its condition.

And if you’re a seller, you can set a price tag that matches its real market value. You can check data like location, model, year, and condition to get the money you deserve for the bike.

It also helps with insurance negotiations. You can negotiate for a high claim payout on an expensive bike. And you can do so while referencing a reliable guide.

Example.

Let’s assume you purchased a Harley Davidson motorbike for $25K. However, over its ownership period, its price may have dropped by $10K.

It your motorbike gets totalled, the insurance payout will equal the motorbike’s used value (in this case, that would be $15K).

If you find that your insurance company is offering a low settlement for your bike, then you may want to negotiate with them.

An approach you can follow is to compare your insurance company’s pricing of the bike with the KBB value or Nada guide. If you find that the Nada or KBB value is higher, then you might have to show that to your insurer.

Negotiation Tips with Your Insurer

Do consider that there are a multitude of methods to negotiate with an insurance company. And you won’t need to research your Blue Book’s value in that case.

For example, you might hire an appraiser to figure out your used bike’s value – while presenting a final figure to your insurers.

Basically…

If you’re looking to sell or buy motorbikes, then you might benefit from understanding the bike’s value. And there are a multitude of sources that make that job easier.

Whether that be a vintage bike, or an average motorbike – we see that the KBB or Nada is the easiest method.

You can do the research from home. And you won’t have to pay too much to get the values you need.

Plus, it’s a reliable guide, saving you many headaches in negotiations!