Part-exchanging your motorbike or scooter can be a great option when you’re switching to another model. The way it works is simple: the dealer values your bike and offers you that sum off the purchase of a new model. Some dealers will also part-ex your used bike with another used bike they have in stock but you’ll probably get a better valuation if you’re looking to part-ex against a new model.
The amount your bike is worth will depend on its age, mileage, service history, condition, popularity and the dealer’s desire to take it on.
Some dealers will take your part-ex, buff it up, roll it onto their showroom floor and stick a price tag on it. Other dealers aren’t interested in sitting on used stock and will find a different outlet for your used bike, either a local independent dealer they have a good relationship with or they’ll sell it at a trade auction.
The more margin a dealer thinks they can make on your bike, the keener they’ll be to take it on. However if they think they can get you onto a different bike they’ll make good money on, they might take your bike as part-ex just to make the sale.