Category Archives: Repo Bikes

repo motorcycle

Why February is the Best Time to Buy a Motorcycle

Are you thinking about buying a motorcycle in time for spring? February is the best month to buy a motorcycle! Regardless of whether you’re buying a new, used or repo bike, the signs point to making this purchase in February. And, we have to agree! At RepoFinder.com, we’re already seeing a great selection of motorcycles that were repossessed over the winter and are ready for a new owner. 

Below are the reasons why February is the best time to buy a new bike. 

February is a Short Month 

For starters, February is a short month at just 28 days. Motorcycle salesmen have quotas to reach, and they’re working with several less days compared to other months. This means they’re more motivated to cut a deal and sell you the bike you want. Not all sales commissions are structured in the same way, but it’s something to think about if you plan on buying from a dealership. 

It’s Not Good Riding Weather 

It’s still winter in February, and for many parts of the country, this means snow, ice and frigid temperatures. Definitely not the type of weather you want to be riding a motorcycle in! Because of this, motorcycle prices are often lower in the winter because people aren’t thinking about buying them. Previous-year models take some of the biggest price slashes as they don’t look as appealing during a short, cold month. 

Bikes are Defaulted on in the Winter

The winter months are tough on many people. It costs money to heat the home, pay for snow removal, purchase holiday gifts, attend holiday parties, etc. To top things off, some people work less in the winter (i.e., general contractors, roofers, landscapers). 

With money being tight and other expenses increasing, a motorcycle used for recreation is often one of the first things to go. The weather isn’t nice, so people aren’t taking their bikes out. By the time the bike is repoed and listed for sale on RepoFinder.com, it’s around February. 

Tax Returns are Coming 

The IRS gives employers until January 31st of each year to send out their W-2 forms so workers can file their tax returns. Once people have their returns, they can file their taxes and wait for their refund, which is often deposited straight into their bank account. With some extra cash on hand, some people are motivated to buy a new car or motorcycle. Spring is just around the corner and the extra cash makes it easier to cover a down payment or taxes and registration fees. 

Shop for Repo Bikes Today

At RepoFinder.com, it’s always a good time to buy a motorcycle! We have a great selection of previously owned vehicles that are being sold by banks, lenders and credit unions. Check them out today and find an affordably priced repo motorcycle in great condition! 

orange motorcycle

Don’t Get Burned: Tips for Buying a Repo Bike

Now that the weather is warming up and summer is just around the corner, many people have motorcycles on their brains. Riding a bike is far more enjoyable than being stuck in a car listening to the radio. You get to live in the moment and have more freedom on the road, plus save on fuel costs. 

If there’s a spot in your garage for a motorcycle, now is a great time to make the investment. The good news is that you can pick up a bike for a relatively low cost when you shop for repossessed and salvage bikes. Most online repo sites are still in full operation amid the coronavirus pandemic because everything is done online. 

To ensure you don’t get burned by a bad bike deal, here are some tips to follow. 

Know Who You’re Buying From 

To ensure you’re looking at true repossessions, be sure to shop with a legitimate seller like RepoFinder.com. We maintain an active list of banks, lenders and credit unions selling repossessions. Dealerships and other online sites claim they sell repos, but usually, they purchase them at the discounted price and resell them to you for more. 

RepoFinder.com is great for do-it-yourselfers who aren’t afraid to hunt for a great deal. You’re cutting out the middleman and getting low prices, as well as the ability to negotiate a better deal. This is why we always recommend asking the banks for better loan terms and rates, as they’re often willing to incentivize repo buyers. 

Be Clear about What You Want 

As you shop for repo motorcycles, it’s helpful to know what you are willing to splurge on and what you aren’t. If you’re a beginner, you probably don’t need a new bike. Eventually, the bike will hit the pavement, so it’s best to get more comfortable riding before buying an expensive bike. For now, here are some questions to ask yourself: 

  • How do I plan on riding? Are you intending to use the bike for relaxing rides in the country? To get to and from work with less fuel? To show off to your bike-loving friends? 
  • Will anyone be riding with you? If so, you’ll want a motorcycle that has an extra seat. 
  • How much am I willing to spend? Motorcycles range in price from $500 to $25,000+. Decide how much you are comfortable spending. Keep in mind that repo bikes often require maintenance, so leave some room in your budget to cover it. 

Things to Watch for with Used Motorcycles 

When shopping for repo bikes on a site like RepoFinder.com, you’ll find all the information you need to make a decision. Narrow your search based on the features you’re looking for and the price you’re willing to pay. 

We always recommend doing an inspection or hiring someone to do an inspection before signing anything. Here are the things to look for in pictures and in person: 

  • Check for rust and scratches on the bodywork, tank, fenders and footpegs. Oxidized paint and a cracked seat indicate that the bike has been through a lot of use.
  • The chain should be clean and tight. A rusty, grimey chain indicates a lack of maintenance.
  • Inspect the engine and transmission for signs of oil seepage or leaks. The brake discs should also be smooth and clean. 
  • Start up the bike (if possible). It should emit little smoke. Beware of blue smoke or blue brake discs, as these are signs of abuse. 

Ready to ride off in style? Get yourself a motorcycle this summer with a budget you can afford at RepoFinder.com