You know you want to buy a motorbike, you may even know which type and model you want to spend your hard earned cash on. But what you might not know yet is if you should head to the showroom for a brand spanking new model, or head elsewhere or online to look for a used bike.
Now, it may seem like choosing a new bike is a no-brainer. But before you get a whiff of the salesman’s dodgy aftershave, there are some factors worth considering before you make your mind up. Here we’ve delved into them and broken them down:
Price
It’s the same in any industry, if you want to buy something brand new you need to be prepared to pay a little more for the privilege. After all, you’re likely paying for the highest spec and the latest technology.
Arguably the most influential benefit of buying a used bike over buying a new bike is that it’s more than likely going to be less damaging to your wallet. In most cases, last year’s models are depreciating at a quicker rate, meaning older bikes are more affordable.
If it’s applicable to you though, it’s worth checking if a particular older model you’re looking at is going to be exempt from the ULEZ charge that came into force in April.
Bike Condition
As mentioned above, buying new means you’re getting the latest and greatest tech in the market, there’s no damage, no scuffs and no problems. Additionally, there won’t be any surprises that could crop up as you’re riding home on your new set of wheels. It is worth mentioning that newer bikes are usually come with higher insurance premiums.
Alternatively, if you buy a used bike it might have a little wear and tear and need a little touching up here and there. However, if you are a motorcycle enthusiast or know a thing or two about fixing up a bike, a few minor issues might be something you can do with your eyes shut.
Your Riding Skills
This can be a key factor to take into account when choosing which bike to purchase. If you’re pretty new to riding a motorbike, a new model will likely allow you to ride more safely and be much smoother to ride. The brakes and other safety measures will also be brand new.
However, if you are a novice to riding on two wheels a used bike may be a good idea. If after a while you decide riding isn’t for you, you’re not spending as much on a brand new model.
Mileage
It goes without saying, the furthest a new bike has been is as far as a standard test drive. A used bike however will come with some miles already on the clock. Which means a service and some extra money to repair any issues might be needed in the near future.
As you can see, there are a number of different factors to consider when deciding to buy a new or used bike. It’s always important to do as much research as possible and choose the perfect bike for you and your situation. Whichever you go for, if you need insurance get in touch with the team to get a free quote.
And keep in mind, if the bike you buy is over 10 years old but below the 20-year mark necessary for a Carole Nash classic bike policy, then you’ll need to look at a future classic bike insurance policy to get the cover you need.
If the bike is over 30 years old though, then our vintage bike insurance will be able to cover you in various situations.
