Custom or modified motorcycles may have more market value than standard models that rolled off the assembly line and are not altered in any way. The only way to know for sure is to arrange for a custom motorcycle appraisal that can assess the condition and the impact that those modifications have on that value. Here are some examples of what takes place during this type of custom appraisal and how they impact the value.
Close Scrutiny of the Modifications
Much of the focus is on how the bike has been altered from the factory design. Everything from the seats to the handlebars will be considered closely. The goal is to determine what value, if any, those modifications provided.
Keep in mind that modifications done purely for the comfort of the owner may or may not have much impact. Modifications that help improve general performance are more likely to increase the market value. For this reason, don’t assume that any alternations done to the bike automatically create greater value.
Checking the Footpegs
Little things do mean a lot with this type of appraisal. There are ways to tell if a motorcycle has been taken care of or if it’s been rode hard. One happens to be an examination of the footpegs.
When a bike is well maintained, the footpegs usually have few if any scratches on them. The presence of a lot of scratching indicates the bike has been leaned over often and without a lot of care. This one sign may motivate the appraiser to look even closer as some of the other aspects of the cycle.
Evaluating the Engine Performance and the Cycle’s Handling
A test drive will definitely be part of the custom motorcycle appraisal. The goal is to determine how well the bike accelerates and handles in different traffic situations. During the test drive, the engine performance as it relates to mileage and the use of oil will also be noted.
The goal is to determine if there are any apparent issued with the engine and the way the bike is controlled by the driver. Assuming all is well, that will bode well for the appraisal results and the determined market value.
Looking for Missing Components
It’s not just about what’s present on the cycle. The appraiser will also be on the lookout for the absence of any of the standard equipment that was included in the original design. This is particularly important in terms of components designed to provide greater safety while the bike is in use.
Keep in mind that components that were rendered ineffective due to some of the modifications won’t necessarily have a negative impact on the bike’s market value. This is true if those modifications do add value in the form of increased performance and safety. You can expect the appraiser to take that into consideration rather than assuming a missing part equals a reduction in value.
Whether for insurance purposes or due to a plan to sell the motorcycle in the future, it’s a good idea to have it appraised. Understanding the current market value will make it easier to make decisions about the amount and type of insurance to secure, or how you should set the asking price.