How to Buy a Motorcycle: A Step-by-Step Guide

Owning a motorcycle is a pursuit embraced by a select 14% of Americans seeking thrill and practicality during the warmer months. 

If you are wondering how to buy a motorcycle, this article will provide the essential steps to confidently ride into ownership, from research and budgeting to test rides and sealing the deal. 

Key Takeaways

• Choose the right motorcycle style for your needs and skill level.
• Research and budget wisely for the full cost of ownership.
• Consider dealers, private sellers, and online platforms for purchase options.
• Prioritize safety with proper gear and insurance coverage.

7 Steps to Buying a Motorcycle

With a staggering increase in on-road motorcycle registrations, it's evident that more and more Americans are embracing the allure of two-wheeled freedom. Whether you're a seasoned rider or a newbie enthusiast, these seven steps will steer you confidently through the motorcycle buying process, helping you make the perfect choice for your riding adventures. 

Let's hit the throttle and get started!

What Is My Budget?

Before embarking on the thrilling journey of buying a motorcycle, being fiscally responsible is essential. While motorcycles offer exhilarating adventures, they are typically classified as a want rather than a need. Prioritize essential financial obligations such as rent, utilities, and bill payments, ensuring at least 30% of your after-tax income is allocated to wants. 

By adhering to the 50/30/20 budgeting system, you can confidently set a reasonable motorcycle budget that complements your overall financial well-being. 

What Type of Motorcycle Should I Get?

With so many options available, choosing the right type of motorcycle is crucial to ensure an optimal riding experience. Consider your riding preferences and needs. Cruisers offer laid-back comfort, while sport bikes deliver thrilling speed. 

Scooters provide practicality and ease of use, while sport touring cycles blend comfort and long-distance capabilities. Analyze your riding style and purpose to find the perfect match, and let the road ahead unveil a world of two-wheeled wonders.

Should I Buy a New or a Used Motorcycle?

When purchasing a motorcycle, one must decide between the allure of a brand-new ride and the potential savings of a used gem. Used motorcycles can offer excellent value, ranging from $4,000 to $10,000, while new bikes average between $4,000 and $20,000 (with a 2022 average of $10,000). 

Consider the following pros and cons to make an informed choice:

Pros of buying new:

• Latest features and technology
• Manufacturer warranty and reliability
• Customization options

Pros of buying used:

• Lower upfront cost
• Depreciation has less impact
• A wider selection of models available

What is the Best Place to Buy a Motorcycle?

When seeking the best way to buy a motorcycle, options abound including dealerships, private sellers, and online marketplaces. Each avenue offers unique advantages and considerations. Explore these avenues to discover the ideal fit for your motorcycle purchase. 

Later, we'll delve into the finer details to help you make an informed decision and ride away with confidence.

What do I need to Buy a Motorcycle?

To turn your dream of motorcycle ownership into a reality, a few crucial requirements must be met. From holding the appropriate driving license to securing insurance and financing, here's a checklist to ensure a smooth purchase:

• Possess a valid driving license or motorcycle endorsement.
• Schedule a comprehensive inspection if opting for a used motorcycle.
• Acquire motorcycle insurance to protect yourself and your investment.
• Arrange for motorcycle financing if needed, exploring various loan options.
• Purchase essential protective gear for safe riding.
• Ensure you obtain the title for the motorcycle to establish ownership.

Go Motorcycle Shopping

Armed with the knowledge of essential buying aspects, it's time to hit the road—this time, on a shopping spree of places to buy a motorcycle! Explore your preferred dealerships or online platforms to find the motorcycle style that speaks to your heart and fits your budget. Enjoy the thrill of the hunt and discover the ride of your dreams!

Sign the Deal 

Once you've found the motorcycle that meets your needs, it's time to seal the deal. Sign all the required paperwork, complete the formalities, and officially make the bike yours. With the i's dotted and the t's crossed, it's time to pick up your gleaming new ride and embark on unforgettable adventures ahead. 

Get ready to rev up and hit the road!

What You Need to Know Before Purchasing a Motorcycle

While we have suggested much of this before, you must understand some crucial considerations before hitting the open road to ensure your motorcycle journey is smooth and safe. 

Follow these essential tips to make the right choice:

• Choose a motorcycle style that suits your needs and matches your skill level, whether it's a cruiser, sport bike, or touring cycle.
• Ensure the motorcycle's fit and power are comfortable and manageable for you, promoting confidence and control.
• Prioritize your safety by investing in high-quality protective gear, including helmets, jackets, gloves, and boots.
• Secure comprehensive motorcycle insurance to safeguard your investment and provide financial protection in case of accidents or theft.
• Budget wisely for the total cost of ownership, including financing payments, insurance premiums, routine maintenance, and potential repairs. Being financially prepared will let you enjoy the thrill of the ride without unnecessary worries.

Where to Buy a Motorcycle?

You can find your dream motorcycle through various channels. Dealerships offer a wide range of new and used bikes, while private sellers may have unique options. Online platforms provide convenience and access to a diverse marketplace. Choose the avenue best suits your preferences and embark on your riding journey.

How to Buy a Motorcycle from a Dealer?

Purchasing a motorcycle from a dealer offers a structured and reliable process. Consider the following pros and cons to make an informed decision:

Pros:

• Extensive selection of new and used motorcycles to choose from.
• Dealerships often offer financing options and trade-in opportunities.
• You can have peace of mind with warranties and after-sales support.

Cons:

• Prices at dealerships might be higher compared to private sellers.
• Negotiation room could be limited on new motorcycles.
• The buying process may involve more paperwork and formalities.

How to Buy a Motorcycle from a Private Seller?

Purchasing a motorcycle from a private seller can offer a more personalized and direct buying experience. Consider the following pros and cons to make an informed decision:

Pros:

• Potential to negotiate a lower price with the seller.
• May find unique or rare motorcycle models not available at dealerships.
• Simpler and faster paperwork process compared to dealerships.

Cons:

• Limited recourse for issues or disputes after the sale.
• No financing options or trade-in opportunities.
• Less comprehensive information on the motorcycle's history and condition.

Can You Buy a Motorcycle Online?

Absolutely! The digital age has opened up a world of online motorcycle shopping. Check out these popular platforms to find your dream ride:

• Cycle Trader: A vast marketplace offering new and used motorcycles.
• RumbleOn: Buy, sell, or trade motorcycles entirely online.
• MotoHunt: An aggregator platform to search for motorcycles across various sites.
• Craigslist: A classifieds platform where private sellers list their motorcycles.
• Facebook Marketplace: A social media-based marketplace for buying and selling motorcycles and accessories.

How Much Do Motorcycles Cost?

Motorcycle prices can vary significantly based on the type and model you desire. A motorcycle may cost between $4,000 and $20,000, with the 2022 average being $10,000. 

However, the spectrum is wide, with used motorcycles available for just a few hundred dollars, while brand-new top-of-the-line models can soar past $60,000 and beyond. Whether you're on a budget or seeking the ultimate luxury ride, there's a motorcycle suited to your preferences.

Motorcycle Buying Tips

To make a well-informed purchase, pay attention to these vital considerations:

• Ensure the motorcycle's seat fits you comfortably to enhance your riding experience. The most effective method to find a motorcycle that suits your height is by visiting a motorcycle dealer and test-fitting several models. This hands-on approach allows you to gauge weight distribution, seat-to-foot, and hand control distance, and ease of reaching the ground, ensuring a comfortable and safe riding experience.
• Plan for storage solutions that protect your bike from the elements.
• Conduct thorough research on local service centers and parts availability for future maintenance.
• Opt for a bike with a power level that matches your skill and confidence as a rider. When considering engine size for novice motorcyclists, the common suggestion often lies within the 500CC to 600CC range. However, our recommendation leans towards 250CC, 300CC, or 400CC engine sizes, as these provide ample power for beginner riders while promoting a smoother learning curve.
• A motorcycle is stolen every ten minutes in the U.S. So, perform a thorough check on its history to ensure it is not stolen or involved in any legal issues. 

Final Word: Start Your Journey to Owning a Motorcycle

With this comprehensive motorcycle buying guide, you can embark on an exciting journey towards owning your dream ride. From understanding the key steps of how to buy a motorcycle to considering the right style, budget, and safety aspects, you're all set to hit the road. 

Rev up your engines and take the first step towards unforgettable adventures on two wheels!