Blue Book For Motorcycle (2024)

FAQs

How do I find the fair market value of my motorcycle? ›

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.

You can use motorcycle value guides like NADA Guides to get an idea of motorcycle trade-in value. The NADA guide provides motorcycle values for different makes and models based on their year, mileage, condition, features, and extras.

“Fair” condition means that the vehicle has some cosmetic defects that require repairing and/or replacing and requires some mechanical repairs. The paint and bodywork may require refinishing and body repair. The engine compartment has leaks and may require a tune up. This vehicle may have some repairable rust damage.

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.

Know the numbers, but look beyond them. 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.

Consider the Depreciation Rate of New Motorcycles Over Time

But there's often a silver lining. As depreciation slows, used bikes hold their value better, and you're more likely to recoup a larger portion of your investment - especially if the bike is well-cared-for and kept in great condition.

Once you have the VIN, you can go to VinFreeCheck or VINCheck, enter the VIN, and you'll get a free report that includes collision reports, detailed history records, odometer readings, real-time market pricing, and more.

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.

Many experts believe Edmunds' values are more accurate than KBB's. That's not always the case, of course, which is why getting several estimates and averaging still makes the most sense.

Is KBB always accurate? ›

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.

How fair market value is calculated. There's no absolute formula for calculating fair market value. But is often calculated by taking the value of three or more comparable homes, or comps, that have recently sold and obtaining an average, Garrity says.

The NHC's Fair-Market Value (FMV) Calculator, part of the NHC Patient Compensation Tools, provides guidance on how companies can provide fair compensation and reimbursem*nts to patients, caregivers, and patient representatives who are involved in patient-engagement activities.

The Fair Market Range for new cars is Kelley Blue Book's estimate of what a consumer can reasonably expect to pay this week in their area for a vehicle configured with their selected options, excluding taxes, title, fees and any available special offers. Each dealer sets and controls its own pricing.

Due to the COVID-19 pandemic, the global Motorcycle market size is estimated to be worth US$ 88720 million in 2024 and is forecast to a readjusted size of US$ 104710 million by 2032 with a CAGR of 2.8% during the forecast period 2024-2032.