Motorcycle Value Calculator

The Motorcycle Value Calculator helps users estimate the current value and total depreciation of their motorcycle based on inputs like original price, model year, mileage, condition, modifications, and maintenance history.

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How to Use the Motorcycle Value Calculator

This guide will help you understand how to use the Motorcycle Value Calculator to estimate the current value of a motorcycle based on various criteria. Follow these steps:

Step 1: Entering the Input Fields

Original Purchase Price ($):

  1. Locate the field labeled Original Purchase Price ($).
  2. Enter the original purchase price of the motorcycle. This should be a number between 100 and 100,000.

Model Year:

  1. Find the field labeled Model Year.
  2. Input the model year of the motorcycle. Ensure it’s a number between 1950 and 2024.

Current Mileage:

  1. Locate the field labeled Current Mileage.
  2. Enter the current mileage of the motorcycle. It should be a number between 0 and 500,000.

Overall Condition:

  1. Select the field labeled Overall Condition.
  2. Choose the option that best describes the motorcycle’s current condition from the dropdown menu. Options include Excellent (Like New), Very Good, Good, Fair, and Poor.

Aftermarket Modifications:

  1. Find the field labeled Aftermarket Modifications.
  2. Select the option that applies, ranging from Significant Professional Upgrades to Amateur Modifications.

Maintenance History:

  1. Locate the field labeled Maintenance History.
  2. Choose the option that describes the maintenance history of the motorcycle. Options vary from Complete Service Records to No Service Records.

Step 2: Understanding the Result Fields

After entering all the input fields, review the result fields to understand the calculated values.

  • Age-Based Depreciation: This value shows the depreciation based on the model year, calculated using the formula: basePrice * (0.92 ^ (2024 - modelYear)).
  • Mileage-Adjusted Value: This value takes into account the mileage, calculated as: ageDeduction * (1 - (mileage * 0.0000075)).
  • Condition-Adjusted Value: This value adjusts for the condition of the motorcycle, calculated by: mileageImpact * condition.
  • Estimated Current Value: This is the final estimated value of the motorcycle, incorporating modifications and maintenance history, calculated with: conditionValue * modifications * maintenanceHistory.
  • Total Depreciation: This value represents the percentage of depreciation from the original price, calculated via: ((basePrice - finalValue) / basePrice) * 100.

Each of these calculations is formatted according to typical industry standards, with values expressed as currency (USD) where applicable. Use these results to gain a financial perspective on the current market value of your motorcycle.