May 21, 2015

Best Time to Buy Motorcycle

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In the market for a motorcycle? It is possible to score a deal on a high quality bike without breaking the bank, starting with when you shop.

When is the Best Time to Buy a Motorcycle

January and February

© driver Photographer (CC BY-SA 2.0) via Flickr

This is when meteorologists across the nation are warning viewers about imminent snowstorms on the horizon, along with the associated dangers they pose for road conditions. Even hardcore riders are not thinking about getting on their bikes at this time of year.

But if you’re in the market for a new motorcycle, the slow season is to your advantage. You just might not be able to take a test ride beyond the parking lot. February in particular has decreased demand, which usually equates to steeper discounts and more negotiating power.

How to Save Money Buying a Motorcycle

  • Do your homework
    Ready to purchase the bike of your dreams? For starters, you’ll need to conduct an extensive amount of research to properly narrow down your options. Whichever option you select should not only suit your style, but it should also be appropriate for your intended use. A few additional items to consider:

    • Weight: The larger the bike, the more difficult it is to handle, so it may not be the best option for a newbie.
    • Power: This may not be as significant if you don’t plan to hit the pavement at high speeds on your new bike.
    • Seat height: If balance is an issue and you prefer both feet on the ground when you come to a complete stop, carefully consider this aspect of your bike.
    • Tank size: If you plan to use the motorcycle extensively or for lengthy trips, a small tank could quickly become a hassle.

  • Set a budget
    According to RideApart, new motorcycles range from $2,799 to a whopping $110,000, with the median price hitting $13,299. Since the purchase price is rather steep, you’ll need to weigh your options and think carefully about your budget.

    There’s more than the bike itself to consider: Don’t forget about insurance premiums as well as dealer fees, taxes, and the cost of your tag, title, and riding gear.

  • Take your time
    When you step foot into a dealership, expect to be greeted by a salesperson who is anxious to make a sale and fatten his monthly commission check. But it’s important to remain calm. Take control of the situation right away so you won’t end up driving off with a motorcycle that doesn’t exactly meet your needs or greatly exceeds your affordability threshold.

  • Take it for a spin
    Don’t forget your riding gear, but leave it behind in the trunk of your car at first. Otherwise, the sales representative will assume you’ll be an easy sale. You want to appear lackadaisical about the whole thing, even if you’re dying to take a motorcycle home. Now. Look beyond your urges and take your time to make sure you’re getting the best bike for your money.

  • Consider used options
    The sales representative will try to convince you of how stunning you will look riding the latest model of a particular bike, or how it’s perfect for your lifestyle, but don’t fall for the trap. Instead, take a look at any second-hand bikes they have on site, or conduct an online search to explore your options. A few additional tips on buying used:

    • Be willing to travel to check out the motorcycle of your dreams
    • Consider the mileage as a big part of the value you’re getting (or not getting)
    • Review service records
    • Have a good mechanic inspect the bike before you purchase it

  • Don’t forget to negotiate
    Whether you’re buying new or used, don’t forget to do your homework and confirm the suggested retail price. You want to provide a realistic offer. You don’t want to insult the seller from the get-go with a lowball figure.

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