Motorcycle Blue Book Value Honda (2024)

FAQs

How do you lookup the value of a motorcycle? ›

To find out what a motorcycle is worth, check out Kelley Blue Book and J.D. Power, which you can find through NADA. Both companies offer free values, which you can check on their respective websites, and both use sales transactions when calculating a used motorcycle's value.

A motorcycle's "blue book value" is the generic term for the market value of a motorcycle made in a particular year by a particular manufacturer. The Kelley Blue Book (KBB) is the origin of that term and is one of the most well-known pricing guides for those in the market for a used motorcycle.

Honda has earned a reputation for producing some of the most reliable motorcycles on the market. This deep dive into their most iconic models will explore why these bikes have garnered such a following and how they continue to influence the riding experience today.

As with any other product, motorcycle trade-in values are driven by the laws of supply and demand. If there is a large number of used motorcycles for sale and not enough buyers, prices will be lower. On the flip side, if there is high demand for used bikes and limited supply, prices can be higher.

As defined by the International Risk Management Institute, actual cash value (ACV) is replacement cost (RC) minus depreciation. When buying a new motorcycle, like any new vehicle, the value of that bike depreciates as soon as it leaves the dealership.

Generally, high mileage on a motorcycle is anywhere from 20,000 to 50,000 miles. For sport bikes, the high mileage number will be on the low end (usually around 25,000), while cruisers and touring bikes typically become high mileage in the 40,000- to the 50,000-mile range.

The Short Answer. Honda motorcycles are known for their impressive longevity, often lasting between 60,000 to 100,000 miles with proper maintenance. Many riders report their Honda bikes running smoothly for over a decade, with some even reaching 150,000 miles or more.

Unlike a car, motorcycles have a shorter lifespan, and their condition can deteriorate much faster. While the brand and model of the bike are important, the number of miles on it can be a telling sign of its overall condition. Generally, a motorcycle with over 50,000 to 70,000 miles may be considered high mileage.

That said, a bike that has never been maintained can be worn out within 25,000 miles, while bikes that are cared for perfectly (with some serious maintenance investments) can last 100,000 miles or more.

One of the standout models in terms of resale value is the Harley-Davidson Road King. Known for its timeless design and reliable performance, the Road King is a perennial favorite among touring enthusiasts. Its comfortable ride and robust engine make it a solid choice for long-distance riders.

Do Honda motorcycles hold their value? ›

I'd say they are competitively priced for all the excellent engineering, quality of manufacture and of the components they use and their incredible reliability. This is why they are the price they are, when new and why they retain their value when sold as second hand.

But even with a title, it's best practice to have a bill of sale when selling your motorcycle. A bill of sale protects both the buyer and the seller. A properly filled-out bill of sale containing the signatures of both parties legally transfers ownership of the motorcycle.

NADA stands for National Automobile Dealers Association. Like Kelley Blue Book, NADA takes information about motorcycles and the marketplace to determine values. Values are based on condition, mileage, age, etc.

Once you have the VIN, you can go to VinFreeCheck or VINCheck, enter the VIN, and you'll get a free report that includes collision reports, detailed history records, odometer readings, real-time market pricing, and more.

Salvage Value Formula

To calculate a salvage value, divide the depreciation % per year by 100, and multiply that value by the original price and the asset age in years. Take this result and subtract it from the original price to get the salvage value.