The age-old debate of buying a new or used motorbike has become even more complicated with the massive amount and variety of bikes available. Budget and personal preference are two key factors that will affect which route you decide on, but whichever option you choose there are some pros and cons to weigh up. We’ve listed them below to help you make the right choice for you.
New bike pros
One of the biggest pros of buying a brand new bike is that you will get a warranty and free servicing (the cost of which can add up over time). Additionally, new bikes will be easier to resell, especially if they’re electric – parts and technology don’t become outdated as quickly as with petrol-powered bikes.
New bike cons
However, a new bike also has its downsides. The bike will depreciate as soon as you take it out of the shop, so if you’re planning on selling the bike after a year or two then buying second hand could be a better option. New bikes can also come with expensive insurance premiums
New bikes also have higher servicing costs, although this is a small price to pay in the long run. Finally, if you’re looking for a customised bike then buying second hand is the only way to go.
The obvious pro of buying a used bike is that it will be a lot cheaper than buying a new one. Plus, you won’t have to shell out for servicing or warranties, so your overall outlay will be much lower. If you buy a used bike from a dealership they will have the same standards as if it were new, so quality shouldn’t be an issue either.
If you’re looking for a particular make or model then you’ll have a limited choice if going second hand. If you want a brand new bike then this won’t be an issue, but if you want to revamp the look or features of the motorbike then there are only certain models available for this.
There’s also a chance that there might be issues with the bike that you don’t know about at the time of purchase, and you might end up spending more than anticipated on servicing and repairs.
In conclusion, it is advisable to weigh up all of your options before making a decision. Generally, new bikes are better for customisation and performance while used bikes are better value for money.
If you do decide to buy a new bike then buying one from a bike dealership is the best way to go – just bear in mind that this will affect the overall cost. If going second hand, try asking around family or friends if they know of a bike that might be for sale.
It is possible to get a used bike from a dealership, but it will cost more because the warranty and servicing costs are included in the price. However, you can at least benefit from a pre-sale inspection which helps to reassure you that the quality is good and there are no severe problems with the bike.
There are many pros and cons to consider when buying a new or used motorbike, but ultimately it’s up to you to make your own decision. Bear in mind that different options suit different people, so only buy the bike that will best suit YOUR needs.
When it comes time to find motorcycle finance, make sure you take the time to assess all of your options and ensure that you’re getting the best deal.