If your motorcycle's blue book value is more than what your insurance company is offering you, you'll want to point this out to your insurer.įor example, say you bought your Harley-Davidson motorcycle for $25,000, but your insurer maintains it has depreciated to $15,000. One approach that you can take is to compare what your insurance company claims the market value for your motorcycle is to the motorcycle blue book value for your bike. If you feel the settlement your motorcycle insurance company is offering you is low, you can negotiate with your insurer using evidence of your bike's value before the accident. Knowing a motorcycle's blue book value can be helpful to a lot of motorcycle riders, especially riders looking to sell, buy or negotiate with their insurance provider for a higher claim payout. Why you should know your motorcycle's blue book value Each company that provides blue book values for motorcycles has its own value methodology. However, today, motorcycle blue book value is a generic phrase, simply referring to an expert estimate of a vehicle's value. The term "blue book value" was popularized by Kelley Blue Book, an automotive research company. In other words, if you're looking to sell or buy a motorcycle, a motorcycle's blue book value is a baseline for how much you should expect to either pay or receive in a transaction. The weights using combined retention rates of vehicles of different ages.Your motorcycle blue book value is an estimate of how much your bike is worth in the private market. ![]() In order to ensure a consistency of the Index from month to month, we adjust The year, the mix of different model years (ages) on the auction floor changes. Used vehicles as a percent of the original typically equipped MSRP. Using Black Book’s published Wholesale Average Value on 2- to 6-year-old Purpose of Black Book’s Wholesale Used Vehicle Retention Index is to provide anĪccurate and unbiased view of the strength of used vehicle wholesale market
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