Motorbikes Out Of Warranty
A motorbike warranty is designed to assist with repair expenses. You’ll pay a monthly premium to cover the bills for fixing a wide range of electrical and mechanical issues that could develop in your bike. Unlike motorbike insurance, you’re not legally required to have a warranty in place in the UK. However, most owners prefer to have one, as it ensures their bike is free from any defects during the warranty period.
‘Bike Out Of Warranty’ In The UK
Most motorbike warranties last between one and five years, yet you may have the option to extend this. If you have exceeded the warranty period, your bike is just out of warranty. For example, if you have a two-year warranty, and you’ve had your bike for two years and three months, it is just out of the warranty period.
Should You Trade Or Sell A Bike Out Of Warranty?
If your bike is out of warranty, it’s a good idea to consider trading it or selling it. This is because the cost of repairing your motorbike will likely outweigh the value of keeping it. Once your warranty has ended, you’ll need to cover the repair bill in full yourself. If something goes wrong with your motorcycle, you’re either looking at a very expensive repair or a significantly devalued bike.
To put this into perspective, you may be shocked to learn that the cost of simply replacing a broken spark plug could be as much as £350 with some models! Furthermore, replacing a broken carburetor can be north of £1,000.
Most Motorbike Owners Prefer To Sell
The vast majority of motorbike owners prefer to sell at this stage. You can use a ‘Value My Motorbike’ service to discover how much you’d receive for yours. You can then put this money into a new bike if you wish. We Buy Any Bike websites make this simple and easy. You get your funds quickly without any issues, no matter the make or model.
When trading motorcycles, it can feel like you have less control over the deal, and you don’t always get great value. If you’ve recently had a repair done under your warranty, this won’t be factored into the deal. Plus, you will be limited to the local dealer’s inventory, which can be pretty restricted and reduce your options when looking for a warranty for your new bike.
It’s Wise To Sell Your Bike
If your bike is just out of warranty, now is the perfect time to sell it. The last thing you want to do is run the risk of something breaking now that your warranty has ended and you are no longer covered. Instead, you can sell your bike and use the funds you receive to put to a newer make and model with an extended warranty, so you don’t need to worry about covering repair costs in the near future!
Selling An Out Of Warranty Motorbike?
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Call our friendly team on 0800 009 6020 to receive a quote to sell your motorbike!