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How to Buy Repossessed Motorcycles

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Some repossessed motorcycle auctions require a dealer's license.

One of the best ways to save money when buying a motorcycle involves considering repossessed bikes. Motorcycles are repossessed for reasons including nonpayment, numerous tickets or law enforcement seizure. You can often find repossessed motorcycles at auction.

  1. Auctions

    • Auto auctions often feature motorcycles too. The two main types of vehicle auction -- those open to the public and those that require a dealer's license -- often provide vehicle reports on motorcycle history for interested buyers. Bidding begins at a price set by the auctioneer and increases as interested motorcycle buyers place bids; if your bid wins, you must pay the same day.

    Obtaining a Dealer's License

    • A dealer's license auction decreases the amount of potential bidders because the general public cannot gain access. Obtaining a dealer's license begins by contacting the Department of Motor Vehicles. Laws vary by state.

    Warning

    • You must buy repossessed motorcycles as is. Overlooking problems, missing parts, cosmetic damage or fees required can turn a great deal into a costly endeavor.

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  • Photo Credit red motorcycle image by Crisps85 from Fotolia.com

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