What Affects a Bike Valuation? Mileage, Condition, and More

What Affects a Bike Valuation? Mileage, Condition, and More

When it comes to selling your motorbike, there are likely a few questions you have in mind, such as how and where you can sell it, as well as how long the process will take. But ‘what is my bike worth?’ is one of the hardest questions to answer, especially without the help of the experts. 

To help you assess your bike’s worth in advance, we’ll take a look at some of the things that affect a bike valuation, as well as the most reliable place to get a bike valuation check and quote. Let’s get into it. 

Key Factors That Affect Bike Valuation

Mileage

Mileage is one of the biggest influences on a bike’s value. Generally speaking, lower mileage means higher value. Buyers see low mileage as an indicator of less wear and tear, fewer mechanical issues, and a longer life ahead. While higher mileage doesn’t necessitate that a bike is in worse condition, it can be an indicator to potential buyers. 

That said, there are different considerations for different types of bikes. Sports bikes tend to have lower mileage as they’re ridden more for leisure than commuting. Touring bikes can rack up higher mileage without losing as much value since they’re built for long distances. Buyers may be forgiving about commuter bikes, too, which typically have a steady mileage.

Mileage is often considered against age, so a bike with unusually high mileage for its age will typically see its value drop as opposed to an older bike with unusually low mileage. 

Condition

When it comes to a bike valuation, condition is just as important as mileage, and the two are often considered in tandem. A bike that has been carefully maintained and looks the part will always retain more value. 

Valuers will typically look at bodywork, tyres and brakes, chain and sprockets, and any cosmetic extras. A full service history, stamped booklets, and receipts for work done also help prove your bike has been well cared for, which can boost its bike valuation.

One of the benefits of selling online with a site like BigMoto is that you don’t have to upload as much information as you would for a private seller, saving valuable time. 

Age

It’s not surprising that older bikes tend to lose value, especially with high mileage. Depreciation isn’t necessarily linear, though - value loss can plateau somewhat after the first three years. 

Plus, age isn’t the whole story. A 5-year-old bike that’s in the same condition as a 2-year-old bike could sell for more than a newer bike. 

Sadly, bikes always lose value the minute they leave the showroom. If this puts you off buying a new bike, buying a used option is an alternative. 

The age rules don’t always apply, though. A classic or vintage bike might even increase in value if it’s particularly rare or becomes trendy to own, especially if it has been kept in good condition. 

Service History

An up-to-date service history can reassure a buyer, especially if you opt for a private sale. A bike with regular servicing records shows that a seller has taken care of it, while a recent MOT with no advisories is a strong selling point. 

Market Demand

Even if your bike is new, has low mileage, and is in great condition, the market will still influence the price you can expect to get in a bike valuation check. Some models are in higher demand or hold their value better. On the other hand, if lots of a particular model are being sold at once on the second-hand market, supply and demand dictate that the price for that particular model will likely decrease. 

Why Get a Bike Valuation Check?

A bike valuation check can help you decide whether or not to sell your bike. If you’re undecided based on how much you can expect to get from your bike sale, or you’re considering waiting a little longer, a bike valuation can help you make an informed decision. 

Plus, a bike valuation helps you avoid under- or overvaluing your bike on the market. Undervaluing can result in you not getting the best price for your bike, while overvaluing it all but guarantees it will sit on the market for way too long. By checking where your bike stands in the current market, you’ll get a better price and enjoy a hassle-free process. 

How to Get a Quote for Your Bike

The quickest and easiest way to get a bike valuation check is via BigMoto. It couldn’t be simpler - we just need a few basic details such as reg and mileage, and you’ll receive the best offer possible based on model and market conditions. Your sale can be turned around in as little as a few days, and you’ll avoid some of the delays and downsides that come with a private sale.