Kbb Used Motorcycle Prices (2024)

FAQs

How do you lookup the value of a motorcycle? ›

To find out what a motorcycle is worth, check out Kelley Blue Book and J.D. Power, which you can find through 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.

You can use motorcycle value guides like NADA Guides to get an idea of motorcycle trade-in value. The NADA guide provides motorcycle values for different makes and models based on their year, mileage, condition, features, and extras.

“Fair” condition means that the vehicle has some cosmetic defects that require repairing and/or replacing and requires some mechanical repairs. The paint and bodywork may require refinishing and body repair. The engine compartment has leaks and may require a tune up. This vehicle may have some repairable rust damage.

The high prices of used bikes were also influenced by the shortage in supply of new bikes, greater competition between brands, and the constant race to introduce the latest motorcycle technology. All these factors resulted in expensive used bikes, leaving buyers with limited options.

As defined by the International Risk Management Institute, actual cash value (ACV) is replacement cost (RC) minus depreciation. When buying a new motorcycle, like any new vehicle, the value of that bike depreciates as soon as it leaves the dealership.

Know the numbers, but look beyond them. Generally, high mileage on a motorcycle is anywhere from 20,000 to 50,000 miles. For sport bikes, the high mileage number will be on the low end (usually around 25,000), while cruisers and touring bikes typically become high mileage in the 40,000- to the 50,000-mile range.

Consider the Depreciation Rate of New Motorcycles Over Time

But there's often a silver lining. As depreciation slows, used bikes hold their value better, and you're more likely to recoup a larger portion of your investment - especially if the bike is well-cared-for and kept in great condition.

Once you have the VIN, you can go to VinFreeCheck or VINCheck, enter the VIN, and you'll get a free report that includes collision reports, detailed history records, odometer readings, real-time market pricing, and more.

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions. Insights can be gained from both values, but KBB looks at more factors.

Is KBB always accurate? ›

The accuracy of KBB values can vary depending on several factors, such as the condition of the vehicle, its location, and the current market demand for that particular make and model. KBB values are based on a number of factors, such as the car's make, model, year, mileage, condition, and features.

The tires may need to be replaced. There may be some repairable rust damage. "Poor" condition means that the vehicle has severe mechanical and/or cosmetic defects and is in poor running condition. The vehicle may have problems that cannot be readily fixed such as a damaged frame or a rusted-through body.

Fair market value is what the current market would pay for a motorcycle in good condition on the used market. The mechanical and visual condition of the vehicle also factor into determining fair market value.

Florida, Ohio, Minnesota, Connecticut, parts of New York, and the Detroit, Michigan area can be some of the most affordable places to check. In some of these colder places, a bike that is stored and cared for properly can be a gem of a find. Don't forget to check CaJ.

Average motorcycles price in the U.S. 2020-2029

The average price in the motorcycles market in the United States was forecast to increase between 2024 and 2029 by in total 0.2 thousand U.S. dollars (+1.68 percent). This overall increase does not happen continuously, notably not in 2027 and 2029.

Salvage Value Formula

To calculate a salvage value, divide the depreciation % per year by 100, and multiply that value by the original price and the asset age in years. Take this result and subtract it from the original price to get the salvage value.

Is there a CARFAX on motorcycles? No, Carfax specializes only in cars and light trucks, but some motorcycles may be found in their database. However, not finding a motorcycle on Carfax does not necessarily mean the seller is not legitimate.