Repossessed (or Repo) motorcycles have always been part of the used motorcycles market, but never been available in such volume. You know the reason, banks or other lending institutions repossessing bikes from owners failing to pay on time their motorcycle loan.
If the loan has been given by the lending arm of a motorcycle manufacturer, the repossessed bike will probably end up being offered for sale on the show floor of one of its dealers. But if the loan was given by a bank or independent lender, the bike will be sold in one of the many public auctions organized weekly in each county all over the country. And it’s where you can find find the best bargains in a range of motorcycles of all styles going from the old to the current year model with sometimes only a couple of hundred miles on the speedo.
Great buys for some dealers, custom builders and you the individual taking advantage of another biker unable to fulfill its financial duties. Don’t forget that you need to inspect the bike and that in counterpart to the fact that you can buy at a much lower price than at your dealership used department, the motorcycle will often be sold as is (but may still carry some kind of manufacturer warranty). Talking around me I realized that the main reason many still don’t visit auctions is that they don’t know when and where they are held. Check your local newspaper or make a geographic online search with these keywords: seized-cars-motorcycle-auctions