Your motorcycle pawning quest will be worthless if you do not hand over your title, much like selling a car. You can't credibly establish that you own the chopper until you have the title. As a result, even the most enthusiastic purchasers will have to reject your offer to purchase. Keep the title to your motorbike with you throughout the rest of the procedure to avoid any further complications.

2. Clean your bike

While pawnshops and secondhand bike purchasers might perceive the value in an unclean bike, you should still put your best foot forward. Cleaning your motorbike might mean the difference between making and losing hundreds of dollars. Also, give her excellent washing and polish, especially the glossy silver sections like the exhaust pipe and front fork. Remember that you don't have to be overly thorough. Simply giving the motorcycle a once-over will make it appear years younger!

3. Have It Inspected

Regardless of whether you ride the bike frequently or only on sunny days, it should be checked. Even if you are pawning your motorcycle, you should be aware of its present state. It could also help you figure out how much it would cost to fix any problems they identify. Knowing the significant repair costs may help you legitimize any pawnbroker's low-ball offers. While you're getting your car checked out, make sure to keep it in good working order to sell it. Make every effort to be completely upfront with the pawnbroker. They will not be deterred from making an offer by a bit of a snag. However, if they discover the problem independently, they may decide not to make an offer at all.

4. Consider a Motorcycle Pawn Loan

It may be challenging to let go of your motorcycle if you try to sell it for financial reasons. If this is your circumstance, you should be aware that there are alternative solutions available to you. You may apply for a motorcycle pawn loan, which will allow you to get the money you need right away while still allowing you to keep your bike. It operates straightforwardly. You may trade in your motorcycle for cash right away if it reaches particular price criteria. The bike will be kept in a secure location until the loan is entirely paid off. Even better, you may get this loan with no credit history and have cash in your hands when you need it the most.

5. Have Proper Documentation

Whatever way you choose to pawn your motorbike, make sure you have all the necessary paperwork available. You already have your motorbike title, but you'll need confirmation of previous servicing as well as any warranties you have on the bike. You should also acquire documentation for any modifications you've made to your motorcycle to improve its appearance or performance. Having those might help you get a better deal on it.

Don'ts

1. Don’t expect to get full resale value for your vehicle

On a pawn loan, pawnshops will not offer you the total market value of your motorcycle. Instead, they authorize you for a portion of the vehicle's worth depending on its condition and how much you can afford to repay, which is usually based on wholesale pricing.

2. Don’t expect to receive a little payment for an older motor or those in bad condition

The value of a motorcycle drops as it becomes older or worsens in condition. If you have an older or damaged vehicle, it is strongly advised that you call the auto pawn shop directly and inquire if you may use it to obtain a pawn loan.

3. Don’t believe all the bad things you may have heard about pawn loans and pawnshops

Most individuals are afraid of being taken advantage of. However, this is not the case. Many federal, state and municipal rules, legislation, and laws apply to pawn shops. Most pawn shops are trustworthy enterprises that can assist you when you need money immediately.

4. Don’t feel obligated to get a pawn loan

You have the option to alter your decision after having your car evaluated and learning how much you may collect by pawning it. You are under no obligation to secure a vehicle pawn loan at any time.

5. Don’t be afraid to ask for an extension if you are having problems paying back your pawn loan

If you cannot repay your loan in full by the end of your auto pawn contract, most pawn shops will allow you to extend it. Keep in mind that each time you open the loan, you will be charged an extra price. You may have to go back to the pawn store and re-sign your papers. Now that you've seen how to pawn a motorbike take your time and go over each step carefully. More importantly, think about which payment option is best for you. You are the only one who knows which approach you prefer. Cash Fast Loans offer safe cash loans for your motorcycle and do keep in mind that our service is the safest with the loan amount of $500 to $70,000. Give us a visit and explore us!