It is important to consider your
decision carefully when buying a motorcycle, the same way you would do while
making any other major investment. Furthermore, it is important to choose your
motorcycle dealership to avoid getting a raw deal. You need to understand that
a motorcycle dealer is out to maximize on profits, with some using every
crooked means to get the most from the deal. Therefore, before visiting a
dealership, it is advisable to shop around and perform a background check on
several dealers you may wish to engage. The tips for buying a motorcycle
include:
· Pricing
The advertised prices are often
the starting price. Therefore, before signing any contract, it is advisable to
know what you will be paying for getting the motorcycle delivered at your
doorstep. It is not uncommon for dealers to include various hidden costs,
including the delivery fee, to increase the profit margins.
· Retail market value
If you are interested in buying a
used motorcycle, find out the 'market retail value' and 'trade-in value'
because they are normally different. This should be done before heading to the
dealership. Avoid taking the dealer's word about the worth of the bike.
Furthermore, consider doing the research yourself by consulting the motorcycle
blue book.
· Financing options
Most dealers offer several
financing options for willing buyers who are experiencing challenges acquiring
a bike. The loan is often arranged and the contract is signed in the dealer's
office. However, in several instances the loan facilitated by the dealer is not
always the best. The interest is usually much higher because it factors in the
lender's referral fee. Therefore, if you have a good credit score, it is
advisable to consider shopping around to find a financing option on your terms.
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