KBB lets you check a used motorcycle's accident history by entering its vehicle identification number (VIN) into an optional box. Kelley Blue Book's site only requires a used motorcycle's make, model and year in order to get a blue book value. NADA's site even allows you to select customized equipment.
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To obtain a NADA bike value, all you need is a used motorcycle's make, model, year and your ZIP code. Kelley Blue Book and NADA's sites are easy to navigate.
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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. To find out what a motorcycle is worth, check out Kelley Blue Book and NADA. You can consult different sources for a motorcycle's blue book value, but each company will use a different methodology, resulting in different blue book values from each. If you're attempting to sell your vintage motorcycle, for example, you might get a sense of your asking price by consulting its motorcycle blue book value to ensure you'd receive a fair amount in a sale. For instance, you could hire an independent appraiser to calculate a value for your used motorcycle and then present this figure to your insurance company.Īdditionally, anyone who is looking to either buy or sell a motorcycle would also benefit from knowing a motorcycle's blue book value.
There are other ways to negotiate with your insurance company after an accident that don't require you to research your motorcycle's blue book value. If the blue book value was $20,000, you might be able to get a better settlement, which means more money towards a replacement bike. If it's totaled, you'd be reimbursed for $15,000 (the current market price) minus your deductible. If your motorcycle's blue book value is more than what your insurance company is offering you, you'll want to point this out to your insurer.įor example, say you bought your Harley Davidson motorcycle for $25,000, but your insurer maintains it has depreciated to $15,000. One approach that you can take is to compare what your insurance company claims the market value for your motorcycle is to the motorcycle blue book value for your bike. If you feel the settlement your motorcycle insurance company is offering you is low, you can negotiate with your insurer using evidence of your bike's value before the accident. Knowing a motorcycle's blue book value can be helpful to a lot of motorcycle riders, especially riders negotiating with their insurance provider for a higher claim payout. Why you should know your motorcycle's blue book value Each company that provides blue book values for motorcycles has their own value scoring. However, today, motorcycle blue book is a generic phrase, meaning most people who use it are simply referring to a vehicle's value. The term "blue book value" was popularized by Kelley Blue Book, an automotive research company. In other words, if you're looking to sell or buy a motorcycle, a motorcycle's blue book value is how much you should expect to either pay or receive in a transaction. Kelley Blue Book receives real-world used car prices on a daily basis from wholesale auctions, independent and franchised dealers, rental fleets, auto manufacturers, lessors, and private party transactions.Your motorcycle blue book value is how much your bike is worth in the private market. How Kelley Blue Book Determines Car Values Potential problems with Blue Book values include a delay as price information is assessed, the consumer tendency to overrate the value of the car they are selling or trading in, and a mismatch between wholesale values listed by Kelley and the prices used by dealers, who access special industry-only pricing info.Kelley determines Blue Book values by analyzing pricing information from real-world used car prices, as well as industry developments, economic conditions, and location.Kelley assesses the following values: private party value, trade-in value, suggested retail value, and certified pre-owned (CPO) value.The Kelley Blue Book-and its equally popular website-is one of the most trusted guides for automobile pricing, used by those who are buying or selling cars.