You’re looking to sell your Bike but have no idea on whether you should sell it to a dealer or privately.
Let’s look at selling privately first.
The upside, most of the time you will get more money for your Bike, all it takes is a little time and effort, look at it from the buyers side, would you buy a dirty scruffy Bike. You should ensure it is in saleable condition – make sure the Bike is clean and presentable, and most of all roadworthy. You’ll need to be available for interested buyers to contact you and ask you any questions about the Bike. Do you have a mobile phone, can you receive email enquiries, make sure it is switched on. Respond to all enquiries quickly, nobody likes to be kept waiting, remember your Bike is not the only fish in the sea. Decide on the lowest price you will accept before negotiations, try and stick to that figure.
Stay safe when selling.
Do not provide any buyer with your personal identification details like a copy of your licence, registration details or banking information
Be wary of buyers who offer you much more than the asking price If you have an item for sale, a potential buyer may contact you and offer to pay over the asking price for it. At first, it might seem crazy to pass up a generous offer, but often it’s a trap. The buyer will pay with a fraudulent cheque. You sell the item but days later you find that the cheque bounces, leaving you with nothing
Do not rely on “proof of payment” from the buyer. Check with your bank, PayPal or other provider that the money has been cleared and make sure you can see the funds in your account
Give the buyer a receipt to confirm you’ve received their payment
Selling to a dealer
Many people find selling to a dealer the easiest option however ther is little doubt that selling to a dealer will cost you. You’ll get less money for your Bike, saying that if you don’t want the hassle of waiting for potential buyers or tyre kickers to pick fault at you prized vehicle then dealers are by far the easiest option. If you can, trade in. This makes a huge difference to the value you’ll gain from the transaction. Overall the trade-in still represents a good deal.