Going off-road is thrilling, and ATVs are the preferred mode of transportation for this type of adrenaline rush. With both new and used vehicles available, both new and experienced riders have a plethora of options. However, all automobiles, motorcycles, and ATVs, with the exception of collector’s items, depreciate over time.
Now, you may be wondering if it’s worth investing in an ATV at all. After all, the amount of money you can recoup when you sell depends on whether you buy new or used, as well as the brand. But investing may be more than just maximizing the return on your asset.
From the fun and the adrenalin rush, read on to find out what it means to invest in an ATV (and if it’s worth it).
The rider determines many things when it comes to buying an ATV. In this case, if you’re the sole owner, you may want to assess your lifestyle. Perhaps if you’re a family man, you may prefer a quad to a car for your child.
Who will use the ATV the most will determine your investment level.
Brand New or Pre-Loved
Of course, the first consideration is cash flow. If you’re feeling flush, you may be more encouraged to purchase a brand new model. If you’re on a tight budget, on the other hand, a used ATV in good condition might be a better option.
A new ATV can cost up to $10,000, depending on the brand, engine size, and other premium features, while a used ATV can cost between $3500 and $7000. To add, depending on where you live, you may need to rent a trailer to transport the ATV, which raises the cost.
To get a feel for off-roading, start with a used ATV. A good one with all the bells and whistles will usually cost less than a new one.
Insurance and Warranties
All new ATVs come with a warranty that covers any problems that arise after purchase. Buying a used ATV raises the possibility that the previous owner concealed mechanical or cosmetic flaws that you will discover later. On the other hand, some second-hand ATVs may provide you with full equipment to begin your adventure!
When it comes to ATVs, remember that function takes precedence over form!
Preserving Value Through Maintenance and Service
The level of maintenance and consistency of service will have an impact on the resale value of the ATV. You’ll get a higher resale price if your ATV has been well maintained, both mechanically and cosmetically.
Quality servicing and maintenance of the quad’s bodywork, shocks, and other critical components will ensure you get the best price if you decide to sell it.
Upgraded vs. New Components
Many riders who enjoy spending weekends dismantling ATVs and upgrading components to improve performance will look at used ATVs to see if the purchase is worthwhile.
They can also tell whether the ATV has been well maintained or neglected, requiring significant investment to repair. This could result in savings on a high-performance quad. So if you are not mechanically inclined, a new ATV may be a better option.
An ATV investment is more than just a monetary transaction. This type of vehicle provides a one-of-a-kind and fun experience you can enjoy with friends and family. The adrenaline rush of fast trail riding, the mud, and the sheer joy of the sport are all highly addictive!
Furthermore, there are human and worthwhile investments such as the social aspect, camaraderie, and the formation of lifelong friendships. And due to their low depreciation and high resale value, ATVs are an excellent investment. What more could you ask for?
Are you in need of an ATV loan? Canadian Powersports Financing Can Get You Moving! Among other things, we finance ATVs, snowmobiles, leisure vehicles, dirt bikes, jet skis, boats, and 4x4s! Online approval in minutes!