Does Carmax buy motorcycles? Sell Your Motorcycle Fast

black and gray motorcycle on road during daytime

You’ve been considering selling your bike that’s been sitting in the garage for years. You’re not really using it anymore, so it’s just costing you money to maintain it. Someone told you about Carmax, so you’re curious – does Carmax buy bikes?

The answer is NO. Carmax is strictly into the business of buying cars alone. 

Is the article over after we’ve answered your question? Not quite, isn’t it? Where can you sell them if you already know that Carmax doesn’t buy motorcycles? Let me help you. 

You can sell your motorcycle in a variety of ways. Previously, you would have had to rely on word of mouth, fliers, posters, newspaper ads, and even phone book ads to inform people that you were selling your motorcycle (or anything for that matter). You have a lot of possibilities nowadays. Let’s look at a few of them.

RFS – Reason for selling

Oddly enough, this is one of the first asked by a buyer: Why are you selling your motorcycle? This use this question to understand your motive to sell your bike. For some reason, buyers use this question to gauge if the bike is worth the money you’re asking for it. This question can indeed be used to judge the value of a motorcycle, but I don’t think this is the main motive of the question. 

Some people sell their motorcycles because they are in a bad financial situation. Others sell because they want to take a break from motorcycle riding. 

Thus, it’s up to you to determine why you’re selling your motorcycle. You can say it’s for personal reasons, or you can just say it’s the wrong time for you.

It’s not uncommon for a buyer to ask you this question, but if you don’t want to share your specific reason, give them a broad one (e.g., I’m purchasing a car). You can also say that you’re just looking to sell because you don’t need it anymore.

Getting the Word Around

You need to get the word out to generate interest and potential buyers. You’re in luck. We live in the age of the Internet, so “getting the word” isn’t exactly a problem. Social Media platforms alone, not to mention sites like Craiglist, eBay, etc., telling potential buyers about your motorcycle is a piece of cake. 

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Private Party Sale

Private party sales are an excellent alternative for various reasons, including that they can offer you a lower price on your bike than a dealership would. It’s essential to make sure that you know the drawbacks, though. Private party sales require more effort on your part than a typical trade-in.

Many people sell their motorcycles through eBay, Craigslist, and Facebook online marketplaces. Many people buy their motorcycles from friends or family too. Selling one’s bike through these markets is just another way of sharing your experience with the world.

Dealership

A dealer is a commercial organization that owns, sells, or trades the goods of others. In the case of motorcycles, the owner is a private individual, but not all of them are. They are designed to turn a profit, unlike a private buyer. Because of this, you will usually receive less for your goods than a private buyer. The benefit of selling or trading your bike at a dealership is that you can quickly get rid of your bike right away.

The advantage of selling to a dealership is that you don’t need to worry about how the buyer will react. Buying from a dealer is often much easier than buying privately. Dealers often have a wider network of riders to whom they can sell your motorcycle.

Prepare your motorcycle

Start your bike and check if it runs smoothly and is mechanically sound. Consider having a mechanic inspect the bike and submit a receipt to potential buyers. Many consumers choose motorcycles still in stock, meaning they want to buy the bike in its original form.

If you’ve added personalized pieces, replace them with original stock parts or include the original parts you removed in the sale. Clean and detail your motorcycle thoroughly.

Taking pictures of your bike can be difficult in a cluttered environment. Try taking them in different light conditions, with a transparent background and different angles. You’ll also want to take pictures of the bike’s mileage and any damage it may have.

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Determine the value of your motorcycle

If you’re selling on Craigslist, don’t expect to get what you think you can get away with; you need to start out with a realistic price. Potential buyers will usually ask questions about your vehicle, and it’s best to be as transparent as possible.

You need a lowest-offered-price and a firm-price. If the customer refuses your offer, give up on the sale.

Picking a safe meeting place

You may want to prevent people from finding out where you live, especially if you sell something valuable to them. Instead, pick a safe, public location near a place where you have plenty of time to talk with potential buyers. You can also inquire with your local police agency about secure parking options in your region.

Safe Test Ride

When buying a used motorcycle, a few things are much different from just going out for a new one. For one thing, the buyer is almost always looking for the right bike for the right price. This is where a test drive comes into play. 

A good idea is to check if your potential customer is licensed and experienced before going for a test drive. Make sure that the license and the motorcycle are road-ready. If anything happened during the test drive, it’s wise to have an insurance agent on speed dial and be ready to help out in a pinch.

The Paperwork

Paperwork is easily the most challenging part of the sales process. While you may dislike some aspects, such as filling out paperwork or supplying documentation, many can be expedited, including pre-sale activities.

In a motorcycle transaction, the title is the most significant piece of documentation. The owner of a motorcycle is determined by the title. The title determines how the transaction is conducted and the price.

Every vehicle should be registered to use public roads. The state requires the vehicle owner to display a registration decal on the car. This registration decal contains the manufacturer’s plate number, year, and vehicle identification number (VIN).

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If the seller owns the bike outright and there is no lien on the title, transferring ownership of a motorcycle is as simple as both parties signing the title in the designated spots. Even if the bike has a title, it’s a good idea to have a bill of sale when selling it.

A bill of sale is the contract that transfers ownership of a vehicle from the seller to the buyer. Without it, the seller would not have the title or the legal right to transfer it.

A Vehicle Identification Number (VIN) is an essential piece of identifying information on a motorcycle, car, or truck. It is used by the manufacturer to identify the vehicle and for registration. It is also used by insurers to evaluate whether you are eligible for certain types of coverage.

Conclusion

You should first get on Google and search for similar motorcycles to find out the market value of the bike you’re selling. Many websites are available that list listing for motorcycles in your local area. You can also post an ad on social media sites like Facebook and Twitter.

Formerly, a person would use a phone book and go through the ads until they found a bike that they liked. Many websites list ads, but you have to search to find them.

After you have found the right bike, you need to make sure that it is in good working condition. The vendor should show you any issues with the bike and any repairs that have been made. If you don’t see any apparent problems, you should ask to see the service records. If you don’t see any service records, you may want to check with your local mechanic to see if they have any information on the bike.

So, there you have it, just a brief background on what options you have in selling your motorcycle