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Buying a used bike instead of a new one can be a smart decision if you get a good deal. There are so many used bikes from every segment which are available for resale and you can get a well-maintained used bike in a much lesser price than the new ones if you look properly and get it checked by experts before buying. Before buying a used bike from a dealer or any other person, the first thing that you need to understand is how the seller puts the final price in front of the buyer.
If you are buying a second-hand bike from a used bike dealer, you need to know the factors the dealers keep in mind while coming to the final pricing. At first, the dealer calculates the cost that that goes from his pocket. After that, he decides the extra cost to be added on the sticker price of the used bikes. The total amount is decided as per the physical and mechanical condition of the used bike. Also, there are other factors that include make of the bike, model of the bike, the odometer reading, etc. that helps in determining the actual price of the vehicle.
However, you can always negotiate with the seller on the quoted price while buying it. More negotiation can be done if the model you are looking for is not very much in demand in the used bike market. In this case, the seller tries to sell it off at a very reasonable price. The final price will come to a point which will be similar to the models sold by other dealers.
The buyers in the used-vehicle market are looking for better options among the pre-owned vehicles as they serve as a great value for money product. Customers can buy a used vehicle, which is in excellent condition both aesthetically and mechanically, at a very reasonable price. And this way, we do not have to spend a fortune on the car we want to buy. However, the trickiest part of all this comes when we get to determine the correct value of a used vehicle. Both as a seller and buyer, we fail to understand the fair pricing of any pre-owned vehicle.
There are various factors that play an important role in the depreciation of the value of your vehicle over the time. Some of these factors are the model of the vehicle, year of manufacturing, trim/variant, the odometer reading that states the kms driven, etc. But for understanding all this, we need to get expert opinion and professional advice. And this is where the online price calculating tools like Orange Book Value (OBV) come in.
Orange Book Value from Droom, the first and only algorithmic pricing engine for used vehicles in India, comes as a boon for the used car buyers and sellers as it helps in determining the exact value of any used automobile. OBV suggests the fair market value of pre-owned vehicles including cars, motorcycles, scooters, bicycles and even aeroplanes in less than 10 seconds. This has brought a revolution in the used vehicle industry that has made buying or selling of second-hand vehicles a lot easier than it was ever before.
Apart from that, you should refer to the used bike pricing engines that determine the fair market value of any used bike. These pricing engines also consider the various factors that lead to the price depreciation of any bike and then come up with the fair value. Used vehicle pricing engines like Orange Book Value by Droom suggest the accurate price of a used bike by using scientific methodology and real time data.
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