6 Mistakes to Avoid When Buying a Used Motorcycle

Transportation and commuting have always been the talk of everyone's tongue in the United States. Nevertheless, with the escalating vehicle prices, you might find yourself turning toward the idea of buying a two-wheeler. Owning a motorcycle is a cost-effective solution that offers a more affordable means of getting around and unmatched freedom and flexibility. You will no longer be held captive by fixed public transport timings.

While it might be tempting to buy a brand-new bike, a used motorcycle can be a more viable option, especially if you are on a tight budget or are still studying. However, as is the case with buying a used car, there are a few things you need to consider when buying a used motorcycle. Here are six mistakes to avoid when buying a used two-wheeler.

Failing to understand your limitations and needs

One of the biggest mistakes you can make when shopping for a used bike is failing to understand your limitations and needs. This is particularly true if you are a novice rider who doesn't have much experience with motorcycles.

Therefore, it's important that you look for a manageable bike that matches your needs. Bikes between 125cc and 500cc are ideal for a beginner motorcycle rider. On the other hand, a classic 1000cc motorcycle can be ideal for an experienced rider.

You also need to understand different types of motorcycles and the style of bike you plan to purchase. Failing to understand these aspects could lead to various consequences, such as ending up with a bike you can't ride or one that doesn't meet your needs and expectations. Shortlist your options according to your riding needs and experience to ensure you get the best bang for your buck.

Not doing enough background research

Neglecting proper research is another significant mistake you can make when shopping for a used motorcycle. Embarking on a motorcycle-buying process without adequate research can lead to costly consequences.

Get as much information as possible from the owner about the bike's history. Ask about any damage or mechanical issues, why they are selling, and whether it has been in an accident. You should also request the motorcycle service history report. If the seller claims that they have been doing regular servicing on the bike without showing any servicing record, ask for receipts as proof.

If the bike you are buying has any modifications done, make sure they are LTA-approved. To play safe, ask to take the motorcycle to an LTA-authorized inspection center for an assessment.

Don't forget to research the motorcycle model you plan to buy. Take time to research different motorcycle models, their pros and cons, common issues, and their current market values. In addition, familiarize yourself with the specific year and generation of the bike you are interested in. Gathering these details will help you make an informed decision and avoid potential hassles down the line.

Despite everything, buying a motorcycle from an authorized dealer is the safest option. These people usually play by the book and send the bike to an evaluation service center for an inspection before listing it for sale.

Failing to check for wear and tear

It's easy to get excited about buying a motorcycle you really like; you can give it one look-over and think it is good for you. However, when it comes to investing your hard-earned money into a used bike, it's good to take your time to ensure you are getting a fair return on your investment. Here are a few critical parts that you should check before buying a used motorcycle.

• Tires: Check to ensure both tires are inflated to the optimum pressure, roughly 28 to 40 PSI. In addition, ensure there are no cracks, uneven wear, or creases on the tires.
• Chain: A well-maintained chain should snugly wrap around the sprocket, not loose. If the chain is completely worn, it will reveal about half of the sprocket. To check, slowly pull the drive chain away from the rear sprocket. It should remain halfway attached to the sprocket teeth.
• Fuel tank: Open the bike's fuel tank and use a flashlight to check for any signs of corrosion or rust.
• Steering head: Try moving the steering head around to ensure that the bearings aren't worn out or rusty.
• Front fork: Place a flat, long ruler across the forks to check for misalignments.
• Sprocket: Ensure that the teeth are not in a hooked-like shape or chipped off.
• Electric system: Check to ensure indicators, lights, and battery are all in good working condition.
• Brakes: Ensure that the brake pads aren't worn out and that the brake parts aren't warped. You should also ensure that there is no noise upon braking and no drag upon release.

Generally, there shouldn't be any visible dents, scratches, or other damage on the motorcycle parts. Ensure that the used bike you are planning to buy is in good condition before investing in it.

Choosing a long-term loan rather than a short-term loan

You can finance your motorcycle loan within 36 to 60 months after making a down payment of about 10%-20%. The interest rates for a new and used bike range between 5% and 8%. However, the monthly repayments on your loan will be determined by your preferred settlement period and interest rate.

For instance, your loan amount will total up to $6,800 after deducting a 15% down payment ($1,200) for a used motorcycle that costs $8,000. If you take a 36-month (3-year) loan with an interest rate of 8%, you will pay a monthly payment of $234.22 and a total repayment of $8,432. On the other hand, (with a similar interest rate), you will pay a monthly payment of $158.67 and a total repayment of $9,520 if you take a 60-month (5-year) loan.

Despite the higher monthly payments, the total repayment is much lower for a 36-month loan. A long-term loan translates to lower monthly repayments, but you will end up paying more for the overall cost of the bike.

Skipping the test ride and viewing

There are two ways to buy a used motorcycle in the United States. You can buy from a dealership or a direct seller.

Most dealers allow customers to test-drive their motorcycles, which is good, especially when you are looking for a used motorcycle. Testing riding a bike is as important as testing driving a car, as it allows you to assess the bike's comfort level and roadworthiness.

During your test ride, remember to check the motorcycle's throttle response, handling, wheel alignment, and brakes. If a dealer doesn't allow test rides, walk away since they might have some underlying problems with the bike they don't want you to know.

On the other hand, some direct sellers do allow test-riding a used motorcycle. Most fear a crash or theft and will not allow you to test-ride unless you have fully paid for the bike. In such a case, be sure to ask for a viewing before buying the motorcycle to check whether the parts are all roadworthy.

Not purchasing motorcycle insurance

Getting covered by an insurance plan is the best way to keep yourself protected while riding your motorcycle. In fact, in most states, it's mandatory for a rider to have motorcycle insurance.

While you need at least an insurance policy that covers third-party liability, there are other motorcycle insurance available. These include a comprehensive motorcycle insurance policy and third-party, fire and theft motorcycle insurance policy. Regardless of which plan you choose, all these policies cover other parties' deaths or injuries and property damage.

Conclusion

Buying a used motorcycle is easy and affordable. However, it will take some time to do your due diligence in comparing offers and checking the roadworthiness of the bike you are planning to buy. Fortunately, avoiding these common mistakes can boost your chances of finding a reliable and enjoyable ride. Remember to seek professional help when purchasing a used bike, negotiate wisely, and take your time to make an informed decision.