Short-term Buy Better Than Long-Term Rent
Do you ever spend an extended period of time away from home? And more importantly, from your bike(s)? For example, your job sends you somewhere for weeks or even months. Sure, that doesn’t happen to most of us but it does happen to some, and it did happen to me once.
So what do you do to feed your motorcycle need while away? I’ve mentioned this before in passing but want to spend a little more time on it today.
Certainly, if you are just gone for a week or a few days you ought to take advantage of the opportunity to ride somewhere new. That’s getting easier and easier thanks to there being more places that rent motorcycles. I did that when my company sent me to Nashville for a day, and I stayed over the weekend and rented a Harley.
But as we all know, motorcycle rentals don’t come cheap. You can pay that high price for a day or two, or even a week perhaps, but there gets to be a limit to how much you can justify spending.
Here’s a better alternative, and it’s what I did when my company sent me to Sacramento for a month. I bought a bike in Sacramento with the agreement that the dealer would buy it back from me for a specified price when it was time for me to go home.
Think about the options this opens up. Most rental companies have a fairly limited selection. But what if you walk into a dealership and make your selection from all the used bikes they have for sale? And if one dealer doesn’t have anything you’re interested in, move on to another. You ought to be able to find exactly the bike you want at a price you can manage.
So how does the repurchase arrangement work? First of all, both parties agree up front that if you drop the bike or bring it back in any condition different than when you took it, except with a few more miles on it, then the whole thing is up for reconsideration. You have to understand that there is a possibility that you will have acquired a new bike, or that the repurchase price will be less than you originally agreed upon.
The other key is finding a dealer to agree to this. Not all of them will. I got lucky that the first place I walked into, when I asked to speak with the manager and told him what I wanted to do, he was willing. He told me that not all dealerships would do this.
The key was, he rides and is a motorcycle lover himself. So when I presented myself as someone who just had to have a bike to ride while I was out there, he understood. Of course he wasn’t just being altruistic. I paid full price for the bike and if anything had happened to it he would have had a sale. As it was, he got a nice chunk of cash and put the bike back on the floor for the same price it was listed at before.
And my benefit was that I had a bike to ride for a month at a fraction of what I would have paid for a rental. As I recall, he made $400 off the bike for the four weeks I had it. I’d call that a bargain. And because I only had it for four weeks I could ride with just the dealer tag and didn’t have to get plates on it. Of course I contacted my insurance agent and had it insured.
As I said, I got lucky because the first place I tried I found someone who was willing to do this. If I was going to do it again I would call the local dealers in advance and see who might be willing. I’d be prepared to give all the reasons why it would benefit them, in case they were reluctant. And who knows, maybe you wouldn’t find anyone. But it doesn’t hurt to try it, and boy did I love having that bike for that month.
Biker Quote for Today
Every day is a good day to ride! Some are better than others.
Tags: motorcycle
