Lots of motorcycle enthusiasts choose to own Harley-Davidson motorcycles, not because they’re a status symbol, but because these American-made motorbikes offer one of the best two-wheeled investments on the road today. Harleys, as aficionados call them, use high-quality parts to create durable bikes that last for years and retain value. If you want to Purchase a Harley-Davidson motorcycle, consider these five items before you make your buy.
Buying a Used Bike Can Prove a Better Investment
Perhaps the latest Harleys interest you or maybe you love classic Harleys. Buying a bike that came out at least two years ago can nab you with the latest features and save you lots of money. If you love classic motorcycles, Harley-Davidson bikes retain their value through the years. Check the bike completely before investing in its purchase so you confirm that the prior owner did not replace its parts with aftermarket parts.
Purchasing From a Cold Weather State Can Result in a Low-Mileage Bike
In cold-weather states like Minnesota and Michigan, bike owners only ride for part of the year. Winter months prove too cold and the roads too snow-inundated for motorcycling. That means bikes in those northern states tend to have fewer miles on them than bikes from southern states. Shopping online for your Harley-Davidson can help you find a motorbike that features fewer miles.
Increase Your Life Insurance Before Purchasing Your Harley
Purchase Long-Term Care Insurance
Before shopping for your motorcycle, make sure you can pay for your medical care if you sustained an injury in a bike accident. While an AD&D policy pays out if you lose a limb or digits, long-term care insurance pays for your medical care in the event of an injury or illness that requires more than a short hospital stay. The average length of long-term disability lasts for 34.6 months, according to Finity Group, during which time a patient needs either care in an assisted living facility, rehabilitative hospital, or at-home nursing care.
Purchase Full-Coverage Motorcycle Insurance
Instead of buying a motorcycle policy that only provides the minimum coverage for your new or used Harley, choose full coverage. The premiums will cost a little more, but you will get comprehensive coverage, which protects you in the event your bike gets stolen. More than 77,000 vehicles get stolen each year in the U.S., so this insurance coverage protects you financially from a very real possibility.
Planning for a Major Vehicular Purchase
Why don’t you read the same kind of articles about purchasing a Corvette or Maserati sports car? Articles on buying motorcycles often cover the added insurance needs because bikes offer less protection than cars. Injuries in motorcycle accidents frequently include serious brain injuries despite the rider wearing a helmet. Planning to purchase a motorbike requires careful planning in multiple areas.
Each consumer needs to research their purchase, especially the problems experienced by that model year’s owners. Sometimes, recall information or reports of major mechanical issues in a specific year explain why used bikes of that year go for cheaper prices. Obtaining full disclosure before your purchase can get you a great Harley deal while upgrading your insurance protects you financially.
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