Investing in a Harley: Understanding Resale Value and Longevity
Investing in a Harley: Understanding Resale Value and Longevity
Purchasing a new Harley-Davidson motorcycle isn't just a good way to get around or enjoy weekend rides. Much like purchasing an automobile, it's important to remember that it's an investment. When you're looking into a Harley, you're buying something that will hopefully last you for decades to come, and you're also buying something that you may be able to sell later to afford your next bike. With that in mind, it's hard to make such an investment without understanding the resale value and longevity of said investment. If you're ready to purchase your first Harley-Davidson motorcycle but need a little more insight into what you should consider first, let's take a closer look at the resale value and longevity of the average Harley-Davidson bike.
How Long Do Harley-Davidson Motorcycles Last?
The length of time that your Harley-Davidson bike lasts depends entirely on how you treat it. Harley-Davidson motorcycles are designed with quality and longevity in mind, but that doesn't mean that they can't degrade faster without proper maintenance and care. The more that you put into your Harley-Davidson bike, the longer your bike is going to last. That being said, there are averages that you can look to so you can get a better idea of how long your motorcycle is going to last. As a general rule of thumb, you can expect your Harley-Davidson to last around 20 to 25 years, which is plenty of time for you to enjoy it before you need to purchase a new one.
What Are the Resale Values of Harley-Davidson Motorcycles
Should you decide to sell early in order to get your hands on a new motorcycle that you really want, you'll want to have a better idea of the resale value of your bike. It's important to remember that resale value is subject to change and a wide variety of factors, including how many miles are on it, the demand for the model that you own, the overall quality, whether there were any modifications made during the lifetime of the bike, and so on. Moreover, you'll also need to consider how you're going to sell it and who you're looking to sell it to, which can impact resale value.
Of course, the question here that most riders are asking is: do Harley-Davidson bikes retain their value? The answer to this is typically, yes. Harley-Davidson motorcycles are one of the more popular brands of bikes out there, so you won't have to look far to find a buyer interested in getting a new bike (or in this case, a used bike) for themselves, especially if they're able to get a good deal!
Buy Your First Harley Here at Redline Harley
Harley-Davidson motorcycles are good investments that can last a long time with the right care and will likely help you afford a new bike later when it comes time to sell the one you're looking to purchase. But you have to make the investment first! Shop for your first bike here at Redline Harley. Visit us or get in touch with us if you have any questions!