NADA Guides and Kelley Blue Book are two of the most popular used motorcycle pricing guides as of 2015, while CycleTrader.com also has a useful price checker tool for used motorcycles. These pricing guides enable users to determine the average market value of a used motorcycle based on its year, make, model, condition and mileage.
While the pricing guides are a good place to start researching the price of a used motorcycle, these guides do not always reflect the actual local selling price. For this reason, it is also recommended to search through classified sites like Craigslist or online motorcycle sellers to determine the selling price of similar motorcycles.
It is also important to consider the difference between dealer and private sales. Used motorcycles sold by a dealership are generally more expensive than the same bike would be if it were sold by a private party. Most pricing guides allow users to view the average trade-in, dealership and private seller price.
While dealerships may charge more for the same motorcycle, Allstate notes that there are still benefits to buying a used motorcycle from a dealership, such as the fact that the dealership may take an old motorcycle as trade-in, or they may be able to provide a complete service record or warranty for the motorcycle.