Negotiation is crucial for any type of purchase. There is always a chance to fix the price with direct interactions between sellers and buyers. It might save you money and get you a higher level of satisfaction. Therefore, if possible, make your purchase through negotiation. The chances are high for a win-win situation between sellers and buyers.

When it comes to buying a used bike, negotiation is a wise decision to take and must be done before purchasing. Buying a motorcycle is quite an expensive and long-term decision; that’s why it should be done carefully. 

Strategies, research, and effective communication can be used in the negotiation process.

This guide will help you how to negotiate a price for a used motorcycle in Bangladesh:

Research the value 

To start with, research the features and your budget and collect the model that you want to buy. For this, consider the availability of parts in the local market and when it has been launched. You can find all the detailed information online from the official websites of that particular brand or reliable blogs.

Look for the price of that specific model and its price on used bikes in online marketplaces. Search online marketplaces and other Facebook groups to see how much sellers demand for their used bike of that specific model. There you will have an idea about the price. Motorcycles lose their value when they have been used over time. Considering the used time and condition, come up with an estimate for a fair price.

Check the present condition

In this segment, the main parts and aspects of the motorcycle should be justified. Experts or those who have proper knowledge about bikes would be a better solution. Factors like mileage and age, damage and repair history, suspension, and others should be considered attentively when you are negotiating the price of a used motorcycle.

Be polite with the seller

Start a conversation about price once you are satisfied with the condition of the bike. Buyers should not offer any price first. After that, you offer at least 20 to 25% less than that asking price, considering the condition again.

Explain your position by giving examples like ‘I have watched the same model with a condition at a lower price. Talk about the issues, like the old engine, low mileage, and other performance to be remembered.

Use competition and new market trends

Give a hint to the seller that you are checking other bikes at the same time. If possible, mention specific ones with better prices and conditions to push to sell fast.

Try to buy time when people might need cash for emergencies, such as at the end of the month. In Bangladesh, off-seasons (in winter and rain) have lower demand for bikes. For that reason, it might be easier to get one at a lower price.

Make the final deal

Be clear about all the details of that purchase, including payment method, registration, and warranties (if any). It is safe to have a written document or receipt for the purchase to avoid unnecessary issues later. Confirm the payment method is secure and comfortable for both. It’s better to bring someone reliable with you throughout the whole process.

Exchange, sell, and buy your used bike with verification by experts. BikeTike.com, a reliable platform, would be a blessing for your deal with zero hassle. We will ensure your purchase is 100% fair and reasonable.