BUYING A NEW BIKE
It is very exciting buying a new bike. Be careful not to buy on impulse! Do
Buy with confidence! Know what bike you want
and what you want to spend. Doing this will allow you to be prepared, likely
getting you a good deal.
Below are some additional tips
and suggestions you should follow when in the market for a new motorcycle. You
can also learn about buying a
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Buying the Right Bike
Size Matters -
Bigger is not always better! If you buy a bike that does not fit you, you
will not only have an uncomfortable ride, you increase your chances for crashing.
Driving a bike that is too big is not easy, especially if you are a new rider.
Type of Riding -
When trying to figure out what kind of motorcycle to buy, you need to think
about what kind of riding you are going to be doing the majority of the time. If
you plan on ripping up mountain roads, a sport bike is what you are likely going
to want to purchase. On the contrary, if you plan on riding the highways or
boulevards, then a cruiser motorcycle is a more practical choice.
Research the Bike You Are Interested In -
You want to educate yourself as much as possible before going to the dealership.
Buy magazines. Surf the web. You can find an abundant amount of information that will
give you the knowledge you need to make wise purchasing decisions. Most dealers
do not allow you to test drive motorcycles for insurance reasons. Therefore, you
need to read reviews until you are 100% sure that the bike is the right bike for
Talk to Other Riders - If you see someone on the road
with the motorcycle you are interested in, stop them and ask questions. Most
fellow motorcycle enthusiasts will be happy to help you in any way they can. Who
knows, maybe they will let you try their bike for a test ride.
Prices of new bikes will not vary too much from state to state and will be
pretty consistent to the MSRP and reports in magazines. The only thing
that can make the price of a motorcycle increase is if the bike is a very
Invoice Pricing - You can
find out what the dealers are paying for bikes at websites like
Closing the Deal
Buying a new motorcycle is nowhere near as confusing as buying a new automobile.
The majority of bike dealers do not look to swindle you for every penny they can
with high pressure sales practices.
More reasons why purchasing a bike is easier than
1. Motorcycle ads are straight forward. You really don't need to be concerned
about reading the 'fine print'.
2. Motorcycles do not have many extras or options available.
3. There are not different lines of the same motorcycles. You won't have to
worry about the dealer trying to sell you the 'top of the line' of a specific
4. Bikes do not have factory incentives or rebates or factory warranties.
5. Leasing a motorcycle is not an option. So the confusion of whether to lease
or buy is taken out of the equation
Trading in Your Old
This is an area that you need to educate yourself in before you go to the
dealer. Check out what your bike is going for in the classifieds and look up the
price in the
Kelly Blue Book. You want to make sure you get the best deal for your
NOTE - Do not talk about your trade-in until you are finalized on a
buying price of the new bike. The salesperson may look to get more money out of
you if they know you are trading in. Also, you may want to try and sell your
bike on your own. You will likely get more money than if you trade it in.
What Makes Up the Final Price of a Motorcycle Sale
The final price is made up of several components:
1. Selling Price - The total cost you will be paying.
2. Shipping - This is the cost of having the bike
delivered to the dealer from the manufacturer. Sometimes the dealer will absorb
this cost in the selling price.
3. Preparation - This is the cost of having the bike assembled and
made 'ready' for you to drive.
4. Tire Disposal - This is a fee that everyone has to pay.
5. Tax - Everyone pays tax.
6. Tag/Title - This is the cost of getting a license plate and
registering the vehicle in your name with the state.
**If you are buying a new motorcycle or a used one from a
dealer, you should explore buying a
motorcycle maintenance contract.
Paying for Your Bike
You have two options. You can either pay for the total cost of your
motorcycle by yourself. Or, you can
apply for a
motorcycle loan with The Motorcycle Loan Center, Inc. and allow us to provide you
with convenient low rate financing. Consider a down payment to
avoid owing more for your bike than it is worth.
Insuring Your Bike
It is a good idea to explore the different options you have for
motorcycle insurance. When buying a new bike it is
important to consider
buying gap insurance.
We also feature purchasing information and riding advice for
first time motorcycle riders.
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