Motorcycle Blue Book Value Honda (2024)

FAQs

How do I find the value of my used motorcycle? ›

Refer to the Kelley Blue Book

The Kelley Blue Book provides motorcycle values for different makes and models based on their condition and features. You can also use this information to negotiate better deals from motorcycle dealerships in your area.

NADA stands for National Automobile Dealers Association. Like Kelley Blue Book, NADA takes information about motorcycles and the marketplace to determine values. Values are based on condition, mileage, age, etc. We use these values to calculate payouts on total losses and thefts for Rider Insurance claims.

To find out what a motorcycle is worth, check out Kelley Blue Book and J.D. Power, which you can find through NADA. Both companies offer free values, which you can check on their respective websites, and both use sales transactions when calculating a used motorcycle's value.

The term “Blue Book Value” refers to the value of a vehicle by a guide known as the Kelley Blue Book. The guide not only lists the value of new vehicles, but it also lists used car values. Since the 1920s, the Kelley Blue Book has served as a standard within the auto industry in the United States.

In today's digital age, numerous online tools and resources can help you estimate your motorcycle's value. Websites like Kelley Blue Book, NADA, and Powersport Buyers offer reliable used motorcycle value tools. However, remember to input accurate details to get a more precise estimate.

As defined by the International Risk Management Institute, actual cash value (ACV) is replacement cost (RC) minus depreciation. When buying a new motorcycle, like any new vehicle, the value of that bike depreciates as soon as it leaves the dealership.

Kelley Blue Book cannot address each individual situation but can only give values for standard motorcycles in clean condition. Due to variance in condition, the value could vary from one extreme to the other.

KBB factors in the condition of the vehicle, local market conditions, and popularity of the vehicle, so their prices tend to be a lower than NADA. NADA values tend to lean higher because they assume cars are in good conditions. Insights can be gained from both values, but KBB looks at more factors.

Generally, high mileage on a motorcycle is anywhere from 20,000 to 50,000 miles. For sport bikes, the high mileage number will be on the low end (usually around 25,000), while cruisers and touring bikes typically become high mileage in the 40,000- to the 50,000-mile range.

The accuracy of KBB values can vary depending on several factors, such as the condition of the vehicle, its location, and the current market demand for that particular make and model. KBB values are based on a number of factors, such as the car's make, model, year, mileage, condition, and features.

What's the resale value? ›

Resale value refers to what you'll receive when you trade in or sell your old vehicle. And no matter how long you intend to keep it, you'll want that number to be as big as possible.

The Black Book value is essentially the wholesale or auction value of a car. Black Book sources pricing data from both wholesale auctions and actual vehicle transactions from across the country. They update or validate their used car prices on a weekly basis.

Comps Are the Best Way to Determine a Bike's Value

Search for your bike's make and model on sites like Facebook Marketplace, Pinkbike Buy/Sell, Craigslist, eBay, and bike forums representing your local area. and to find comparable listings. Take notes on the price, condition, and components of bikes similar to yours.

Motorcycle-Specific History Report Providers

CycleVIN provides extensive details including DMV title records, lien records, salvage checks, theft, and accident history. On the other hand, VINData offers insights into specifications, title status, value estimations, and warranty information.

These factors include: The value of the motorcycle. Insurers calculate the fair market value of a motorcycle based on its original purchase price, age, condition, and mileage. Insurers may also refer to vehicle value guides, which often incorporate data on sales of motorcycles of the same make/model/year.

Salvage Value Formula

To calculate a salvage value, divide the depreciation % per year by 100, and multiply that value by the original price and the asset age in years. Take this result and subtract it from the original price to get the salvage value.