New vs. used motorcycle: Cost, financing, condition, and safety
New vs. used motorcycle costs
A new motorcycle generally costs more than a used motorcycle, but your total costs will depend on the make and model of the motorcycle, insurance costs, future maintenance or repairs, and more. Here are the listed prices for a few of the most popular new and used motorcycle models in the U.S. in 2023:
New motorcycle costs
- 2024 Kawasaki Vulcan 1700 Voyager: starting at $19,799
- 2024 Harley Davidson Softail: starting at $14,999
- 2024 BMW G 310 GS: starting at $5,695
Used motorcycle cost
- 2013 Honda CBR600RR: typical listing price of $9,105 (KBB)
- 2007 Yamaha FZ1: typical listing price of $5,730 (KBB)
- 2006 Triumph Speed Triple: typical listing price of $5,505 (KBB)
The cost of motorcycle insurance and maintenance will also factor into the total cost of owning a motorcycle. These costs can vary greatly depending on your bike's safety features and history, so it's important to research more than just the listed price.
Financing
If you have cash in hand and don't need to finance, you'll have much more flexibility whether buying new or used. If you're financing your bike, a used motorcycle may have a higher interest rate than a new one.
Condition
Motorcycles are often hobby machines. Owners tend to make modifications by swapping out parts and tuning them up. Motorcycle crashes are also more common and more damaging. Buying a used motorcycle means you might be purchasing a bike that's been in an accident and has had significant repairs or modifications.
If you don't mind a motorcycle that isn't in its original condition, buying a used motorcycle can be an easy way to reduce costs. However, if you're worried about long-term damage or expensive repairs down the line, buying new gives you a blank slate.
Also consider the climate in which the previous owner stored the bike. If you buy a motorcycle from a dealer, you can expect the dealership to store new motorcycles indoors, away from the elements. If you're purchasing a used motorcycle, it's important to know if it's been stored inside or left outside in potentially damaging weather.
Safety
New motorcycles have more safety features than older models. Newer models have traction control, different riding modes, and more. Many riders want the most up-to-date safety features to compensate for the higher risk.
If you're buying an older model of motorcycle and don't want to sacrifice safety, keep an eye out for these features:
- Anti-lock brakes
- Adaptive headlights
- Airbags
New vs. used motorcycle: Pros and cons
Buying a new or used motorcycle will come down to your experience, budget, the dealer or seller, potential expenses, and more. Both new and used motorcycles have their benefits and drawbacks.
New motorcycle pros
- Updated safety features
- Knowledge of its condition
- Often includes a warranty
- Potentially lower loan interest rate
New motorcycle cons
- Often more expensive
- Sharp post-purchase depreciation
- Higher costs for replacement parts
Used motorcycle pros
- Often less expensive
- Spare parts may be more available
Used motorcycle cons
- Outdated safety technology
- Potential maintenance issues
- May not have a warranty
Take the time to research which motorcycle fits your needs and budget, and then look at the market in your area. Based on the selection available to you, you can decide whether a new or used motorcycle is the best choice.
