Whether you are purchasing your very first motorcycle or are looking to buy another bike to add to your collection, deciding to buy a new vs used bike can be quite the tough decision. In the end it is ultimately the buyer’s decision as to what meets their needs the best. We know getting to that point can be a tough choice so we thought we’d give you the pros and cons of buying new vs used!
Buying A USED Motorcycle
- Price- Used bikes are relatively cheaper than their brand new alternative. You will not have to pay any hidden fees such as dealer fees, set up or delivery fees.
- Insurance- Although it depends on the motorist and the style of bike used bikes generally have a lower insurance premium
- Sellers/Dealers- If buying from a private seller they will have all of the general maintenance information on the bike as well as wear and tear. A dealer on the other hand will have had a certified mechanic look over the bike and fix any repairs that need to be done before putting it up for sale
- History- Although private sellers will know the history, accidents and other repairs of the bike it doesn’t mean they will fully disclose it. They could have also done work on the bike with minimal mechanical knowledge. If choosing to go with a private seller it is always best to bring a certified mechanic with you to look at the bike before you decide to purchase it.
- Maintenance- One thing you must take into account is that older/used bikes often require more upkeep and maintenance because their parts are older. Budget the cost of regular maintenance and suggested service before purchasing as well.
- Mileage- While its safe to say most buyers will be looking for a used bike with lower miles, you still need to take in account the mileage. How close is the bike mile wise to needing a big servicing such as replacing the chain, quality of brakes, tires, engine etc.
- Value- used bikes depending on how old they are and the make and model of bike can lose a lot of their value over time. It is suggested to look up the make and model as well as year of the bike on a platform such as Edmunds or Kelley Blue Book before choosing to purchase.
Buying A NEW Motorcycle
- History- With the bike being brand new there isn’t really too much history to worry about. You are starting with a bike that has generally a completely clean slate
- Mileage- Where as high mileage can be a downfall of a used bike, new bikes have 0 to very few miles on them. There’s that clean slate again!
- Warranty- Most bikes will come with some kind of warranty or you can purchase an extended one. This offers a little more protection and piece of mind should anything go wrong once you own the bike.
- Technology- If you are looking for a bike with the latest bike technology and newest upgrades purchasing a new bike is the way to go
- Expense- While you are getting a new bike the hidden dealer fees can increase price drastically. Also once you have ridden your new motorcycle off the lot it has already depreciated in value
- Insurance- Although like we said before it does depend on the driver and the type of bike new motorcycles tend to have higher insurance premiums
- Depreciation- Worth mentioning again. It is usually advised against to buy a brand new car. Example its 2018 buying a 2018 car is ill advised because of the amount it depreciates once taken off the lot. Instead waiting even 1 year so that the model is a year older will help somewhat with expense and also the bike will not depreciate as much when driven away.
In the end you must weigh out the pros and cons to both purchasing new or used. Should you still be indecisive compare values with online platforms and try to calculate a total overhead cost with fees, maintenance etc factored in.