Five Expert Tips For Selling Or Pawning Your Motorbike

Written By Alla Levin
February 24, 2020
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Expert Tips For Pawning Or Selling Motorbike

Motorbike Pawn Loans are a great way to get your hands on some quick cash.

But how can you be sure that you’re getting a fair deal when you pawn your beloved bike?

Let’s take a look at our 5 top tips to help you make the right decision:

Know the value of your motorbike

To ensure you negotiate a good deal, it is important to know exactly how much your bike is worth.

So before you put your bike up for sale or apply for a Pawn Loan, look up the make and model of your bike online and see what it’s worth on a few key platforms (eg. eBay, Bikesales, Gumtree).

If you have time, another great option is to take it to a few local bike shops for a professional valuation.

The more information you have about the value of your bike, the more empowered you’ll be to negotiate.

Fix any damage

It doesn’t take a rocket scientist to know that a damaged bike isn’t going to be as valuable as a bike in good working condition.

So wherever possible, try to fix any damage on the bike before heading to the Pawn shop for a loan.

Of course, some damage may be a bit more difficult or complicated to fix so use your common sense here.

If the bike is in terrible condition and likely to cost a lot of money to repair, then it may not be worth exploring bike Pawn Loans in Sydney at this time.

The bike doesn’t have to be in 100% perfect condition, but it does need to be in working order to be accepted for a Pawn Loan.

Make sure it’s clean

This is an easy and simple way to make sure you get a good valuation for your bike.

If it’s been sitting in your shed gathering dust, give it a good wipe down and make sure that it looks clean and in good condition.

Make sure the tires have enough air in them and that any cobwebs are removed.

Spending ten or fifteen minutes cleaning your bike could actually add hundreds of dollars to the final price when selling motorbike.

Research

Before you pawn your motorbike, make sure you find the right provider.

Most pawning companies will have all of the relevant information available online so that you can read through all the details at your leisure.

Make sure you read all the fine print and know exactly what you’re getting into.

Take a look at a few different pawn shops or lenders before making any commitments.

Have a repayment plan

Selling Motorbike or Pawning your Motorbike is a great way to get your hands on some quick cash but it is also important to know that you do in fact have to repay the money, it is not a direct sale.

So before you commit to anything, make sure you have a manageable repayment plan in place.

Reputable lenders will allow you to pay back in installments over a period so make sure you have the means to pay the money back accordingly.

If you need some quick cash, pawning or selling your bike is a great option.

Just make sure you do your research, have a repayment plan and present the motorbike in the best possible condition to ensure you get the best deal.

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