Tag Archives: repo motorcycles

repo bike

What are the Benefits of Buying a Repossessed Motorcycle

Driving a motorcycle is a definite way to get an adrenaline rush and feel happy, especially on the freedom of an open road. Aside from this, motorcycles are appealing because they allow bikers to ride together for a sense of camaraderie. Every twist and turn makes for an exhilarating experience. No wonder why people are willing to take their motorcycles halfway across the country for exciting excursions!

On average, motorcycles range in price from $5,000 to $10,000, though some cost a lot more! You can save a lot of money by buying a used bike. But not just any used bike – a repossessed bike. 

What is a Repossessed Motorcycle? 

A repo motorcycle is one that has been taken from its previous owner because they did not keep up with their payments. Many people finance their motorcycles, especially if they’re spending more than $10,000. When they sign the paperwork, they’re agreeing to make the payments on time. If they don’t, the lender can take the motorcycle away. 

You’ll be happy to know that most of the repo motorcycles that RepoFinder lists are more expensive. When a bike only costs a few thousand dollars, most people will pay in cash. But for those that are $20,000 and over, people typically finance their purchase. If they can no longer afford the payments, it puts the bike at risk for being taken away. 

RepoFinder offers a directory of banks and lenders in all 50 states that have repo inventory for sale. Click on your state and see which lenders have repossessions available. They are highly motivated sellers that are often willing to negotiate. This is how you can get a great deal on a high-end motorcycle! 

What are the Benefits of Buying a Repo Motorcycle? 

There are many advantages to buying a repossessed bike: 

  • Trustworthy lenders. If you’ve looked at the used motorcycle market before, you probably know how difficult it is to find a trustworthy seller. Hidden defects and dishonesty are unfortunately common. But lenders are open and upfront. They might not know everything about the bike, but they won’t lie about things. 
  • Lower prices. Repossessed bikes typically cost a fraction of the price of a new motorcycle.
  • Easy financing. A huge perk to buying a repo motorcycle from a bank or credit union is that they also provide financing. You can also negotiate for a better price and lower monthly payments. 
  • Good condition. You can often find motorcycles in mint condition from repo sellers. They tend to be higher priced models and this is why the owner could no longer afford them. 

If you’re interested in repossessed motorcycles, visit RepoFinder.com. Click on your state, or a state near you, to browse the bikes available. Check back often, as lenders get motorcycles all the time, and we update our lists accordingly. 

motorcycle riding

6 Tips for Buying Your First Used Motorcycle

Whether you’ve made up your mind about buying a motorcycle, or you’re still on the fence about it, there are important things you’ll want to consider. Purchasing your first motorcycle should be an exciting adventure – not a stressful one. But because it’s a big purchase, it’s normal to feel a bit overwhelmed.

Fortunately, there are ways to reduce stress, enjoy the experience and walk away with the bike you’ve been dreaming of. Below are six tips for buying your first motorcycle. 

1. Take a Motorcycle Safety Class

Before buying your first bike, it’s recommended to complete a Motorcycle Safety Foundation (MSF) course. In fact, most states require riders to take an approved motorcycle safety course before getting their license or permit. These courses are typically free and open to anyone 16 years of age and older. 

2. Consider Motorcycle Insurance 

Just as when you bought your first car, you’ll need to consider the additional costs of becoming a motorcycle owner. Most states require motorcycle insurance, which will protect you if you’re responsible for causing personal injuries or property damage. It can also provide coverage for your bike. Riders typically pay between $60 and $75 a month, though premiums can be much higher. 

3. Find a Bike that Fits You 

There are many different types of motorcycles available such as standard, cruiser, touring, sports, off-road and dual purpose. In addition to the various types of bikes, there are also many features that you can pick from like an adjustable seat, adjustable steering wheel, hazard lights, rear lift prevention and more. 

Learn about the different types of bikes and their features so that you can make an informed decision. For example, sports bikes are ideal for riding at high speeds, while cruisers are good for long trips. Some of the best motorcycle brands for beginner rides are Yamaha, Suzuki, Kawasaki, Triumph and Honda. 

4. Avoid Going Overboard on Power 

The average bike has more power than a lot of experienced riders need, so you don’t have to go overboard. Experts recommend sticking to the 500cc-and-under class or small-to-medium displacement bikes. If you really like motorcycle riding and want to move up, you can then trade your motorcycle in. But chances are, you won’t need that much power. 

5. Seat Height and Bike Weight 

As a new rider purchasing your first bike, you’ll want to pay attention to the seat height and bike weight. You’ll be most comfortable being able to plant both feet on the ground, especially if the bike is heavy. The weight of a bike typically goes with its displacement, though that’s not the case for every bike. Try to choose a weight that you’re comfortable handling. 

6. Shop Around for the Best Deals 

There are many places where you can buy a motorcycle – a dealership, private seller or repo seller. There are pros and cons to each. RepoFinder offers a huge list of repossessed motorcycles that you can browse through. These bikes have been repossessed from their previous owners and are now available for purchase.

The benefit in buying a repo motorcycle is that you get to enjoy significant savings. This is great for new riders, as you may not be sure whether you really want to invest that much into riding just yet. An inexpensive repo will allow you to get your feet wet. Find a motorcycle that meets your needs and budget on RepoFinder! 


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!