11 Factors That Affect the Value of ATVs
Updated on May 6, 2024 / 4 min read
Nothing beats the excitement of driving an all-terrain vehicle (ATV). These versatile off-road vehicles, often referred to as quads or four-wheelers, have been designed with low-pressure tires, high ground clearance, a sound suspension system, and heavy power output to thrive on any terrain. It is these qualities that have made them a crowd-favorite for both work and play, from hauling goods and equipment with ease to heading out on adventurous rides.
Factors that influence the value of ATVs
Like all other vehicles, ATVs are also subject to depreciation. In the first few years after purchase, one can expect a significant depreciation (15-20%) every year. Although this pace may slow down over time, one can expect a 5-10% loss of value annually, and time is not the only factor that affects the current value of an ATV.
1. Usage and mileage
ATVs that have been used more and have higher mileage begin to show greater signs of wear and tear, bringing down their current market value.
2. Condition
How one maintains their ATV has a significant impact on their driveability. Regular maintenance and repairs can help slow down the depreciation rate and help ATVs retain their value.
3. Model and brand
Brand name plays a massive role in determining the current value of any vehicle. Some brands and models have a reputation for being reliable, helping maintain the current value of the ATV.
4. Market demand
As with all other goods, the demand and supply chain are important factors that help decide the current value of an ATV. During periods of high demand, the vehicle’s depreciation is likely to slow down, improving its market value. This could be based on customer preferences, economic conditions, and changes in trends.
5. Upgrades and modifications
While modifications are a great way to get the most out of one’s vehicle, they do not always add to their market value. Often, buyers prefer the stock configurations when buying an ATV, which may affect the vehicle’s depreciation and current value.
6. Technology and features
New ATV models with advanced technological features and updates are typically valued better than old models with outdated technology.
7. Accidents and damage history
ATVs with a history of damages or accidents will depreciate faster and be valued lower due to the risk of increased reliability issues in the future.
8. Seasonal trends
In most places around the country, ATV usage is rather seasonal, generally around the summer and fall months. Since the demand is highest around this time, ATVs may sell for a higher value during or just before this season.
9. Location
Where one is selling their ATV will also affect its current value. Sellers may find the best value around tourist spots and areas where the weather is conducive to riding such a vehicle all year round.
10. Regulatory changes
Changing rules and regulations, such as emissions laws and safety regulations, may also impact the value of older ATVs.
11. Economic factors
Periods of economic uncertainty or recessions significantly impact people’s spending habits. This may lead to a slowed demand for recreational vehicles like ATVs, negatively affecting their value.
There are several ways to determine the current value of one’s ATV. To estimate the fair market price, one may start by checking the blue book values available online or compare directly with used ATV prices at storefronts. Alternatively, one can contact professional retailers and valuation services for a formal assessment. A simple browser search with the term “get the current value of my ATV” can help one find these service providers in their area.
Tips to maximize the current value of an ATV
One can take many steps to slow down depreciation on their ATVs and improve their selling value.
- Keep up with regular maintenance. This includes oil checks and changes, brake inspections, tire rotations, cleaning and replacing air filters, etc. Most people are not interested in buying vehicles that require much work.
- Consider getting accessories such as winches, cargo racks, and protective covers, which may help improve the ATV’s functionality.
- When not in use, park the ATV in a safe and dry location. Keep it covered to protect against natural elements such as dust, moisture, and the sun.
- Reduce the risk of damages and accidents by taking proper precautions when driving on rough terrains.
- Have the paperwork ready, including a detailed description of the vehicle (model, year, serial number, condition, etc.), so that the bill of sale can be created promptly.
- Keep a clear record of bills and receipts of all maintenance and other work carried out on the ATV. This will help potential buyers feel more confident about their purchase, resulting in a higher value of the ATV.
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