Appraising a motorcycle for financing or insurance qualifies as a necessity when requirements dictate. In addition to accuracy, an appraiser who prepares a valuation report for a motorcycle should strive to present professional-looking documents that will impress a bank, credit union or insurance company as being valid. There are other reasons that appraisals may be necessary such as in matters involving tax-deductible donations estates, bankruptcy, purchase & sale, damage claims, a total loss dispute or equitable distribution.


Appraising and donating a motorcycle to charity is both worthwhile and financially beneficial to you. A motorcycle can enhance many lives through the funds they provide when sold or auctioned. The tax deduction that is enjoyed by the donor is, of course, another good reason for considering such a gift. The St. Lucie Appraisal Company provides fair market valuation appraisals in all 50 states for many useful purposes such as estate dissolution, equitable distribution, damage claims as well as for donations. Knowledge of motorcycles is one key requirement but another essential necessity that an appraiser of motorcycles needs is a database of past sales of comparable items. Whether the appraisal is going to the IRS, an insurance company, a bank or a magistrate, it must be documented by sources for the information contained therein. In the case of a tax deductible donation in excess of $5,000.00, you must have a written appraisal in which the appraiser will complete an IRS Form 8283 for you.

Due to changes in IRS reporting requirements, a motorcycle can no longer be appraised by the dealer where it was purchased unless the item will be donated within two months of when it was acquired. If the vehicle is worth less than $5000.00, then usually you don’t need to hire an appraiser to value it for you. Like most automobiles, motorcycles can be evaluated by year, make, model and condition. Other factors that should be considered are whether motorcycles have been upgraded or customized.

Insuring a motorcycle is usually a straightforward process unless upgrades or custom work was done. Claims, however, are a different story. Obtaining a fair settlement for a wrecked, stolen or total loss motorcycle can be a nightmare because insurance companies are far less accommodating paying claims then they are in collecting premiums. An appraisal based on real world comparables is a necessity in these cases.

Hire an Expert to Appraise your Motorcycle for Donations, Financing or Insurance

Obtaining financing from a bank or credit union for the purchase of a motorcycle often requires the borrower to have it appraised. Motorcycles depreciate over time so lenders are careful about financing used bikes. The Kelly Blue Book and NADA motorcycle evaluation guides don’t address upgrades and customization. Many motorcycles have been refurbished to a degree that will extend their lifespans by many years. Choppers also fall into this category. Banks and credit unions, when searching through their guide books can’t help but fail to realize these and decline to offer adequate loans. Hiring a licensed appraiser is a means to obtaining the necessary financing.

The St. Lucie Appraisal Company has provided valuation appraisals for motorcycles since 1981. We are licensed appraisers and provide service in all 50 states. The cost of a fair market value appraisal depends upon the research necessary to make an accurate determination. However, with the extensive database of past and present sales at our disposal, we can most often provide an appraisal of a motorcycle for $275.00.

The St. Lucie Appraisal Company
Service in all 50 States
Phone: (772) 359-4300

Service throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming