Check fair market value

  • I want to buy
  • I want to sell

What Is OBV

Algorithmic
Pricing Engine
Provides Fair market value
of any used vehicle
Built on
Data Science
Orange Book Value is an algorithmic pricing engine by Droom that suggests Fair Market Value for any used vehicle. Orange Book Value is built on Droom's proprietary technologies and data science. It takes into account category, make, model, year, trim, kilometer driven, and condition to suggest the fair market value. Orange Book Value is category agnostic pricing engine and suggests unbiased fair market value for car, motorcycle, scooter, bicycle and planes. Unlike other sources that just report historical transaction data that is flawed, Orange Book Value uses data science and empirical evidences in terms of depreciation curves, margins and spreads with intermediaries as any vehicle changes hands, and dozens of factors that have impact on valuation.

Why Orange Book Value

Independent
Unbiased
Data Driven

How OBV Works

Select Purpose
Buy / Sell
Select Category
Car, Bike, Scooter, Bicycle, Plane
Select Parameters
Make, Model, Year, Trim & KMS Driven & Condition
Get OBV
Fair Market Value Of The Vehicle
View Sample OBV Basic Report | View Sample OBV Premium Report

Benefits of OBV

Buyer

Leave the guesswork behind! OBV gives you benchmark market value of a used vehicle to give you confidence to buy

Seller

Stop pulling a number from the hat! Orange Book Value gives you a fair market value of any used automobile. This helps in gaining buyer's trust and reduce price negotiation, so that you can sell quickly at optimum price.

Bank and NBFCs

OBV is a comprehensive evaluation tool to write-off auto loan for used automobile. For more authentication, download used vehicle-pricing report for free.

Insurance Companies

21st century approach to evaluate the price of a used vehicle based on real-time data science instead of historical data. This helps to analyse the current market value of used automobile to calculate right Insured Declared Value (IDV).

Web Publisher

Anyone who has a website can earn more money by deploying OBV widget running on Javascript. Widgets are available in different dimensions. Send inquires on support@orangebookvalue.com

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What is OBV?

Orange Book Value is a platform that helps in determining the fair market price of used vehicles. It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off. However, we do not get to understand the proper valuation of our vehicles.

In order to come up with a proper used car valuation or used bike valuation, Orange Book Value uses real time data science to value depreciation of automobiles. It helps the sellers to put a fair price in front of the buyer, and for the buyers, it helps them get a product that serves great value for their money. This is a service by droom, which was founded by Sandeep Aggarwal.

Why OBV?

Orange Book Value works as an independent value calculator for cars, bikes and scooters that determines second-hand vehicle prices. It uses Droom’s proprietary technology and data science to come up with fair market value of used cars, bikes and scooters, and utilises scientific data to get the exact value for the vehicle. The primary objective of this used-vehicle price guide is to get the fair market value for second-hand vehicles.

Another reason for using Orange Book Value is its unbiased results that help in obtaining reliable data on used-vehicle pricing. Also, it is the kind of valuation tool for used scooter, bikes and car that calculates the data on real-time basis with a scientific method of suggesting their current market value.

How Does it Work?

To get the fair market price of your used vehicle, you need to follow just four simple steps. At first, you need to select the purpose, that means whether you want to buy or sell the vehicle. After that you need to select the category of used vehicle, which is whether you have a used car, bike or scooter. The next step is selecting the parameters such as make, model, year, trim, etc., of the product for which you need to get the correct market valuation. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. After that, you will get the exact valuation of your vehicle through Orange Book Value.

Benefits of OBV?

Orange Book Value helps buyers to understand the fair value of a used car, bike or scooter. This way, the buyer will not have to guess the price of a used car or bike and can be satisfied with price that he/she is paying for the product. For sellers, it helps in determining the best market value for their used vehicle. This valuation tool for used cars and bikes creates a transparency in the overall process. This is a pricing guide for used cars, used bikes and used scooters that helps in quick selling of second-hand vehicles.

For banks and NBFCs, it helps get the fair pricing of used vehicles that further enhances the process of loan approvals. For insurance companies as well, the real-time data obtained through scientific calculation helps in obtaining the current valuation of the second-hand cars, bikes and scooters.

OBV Methodology:

Being the most advanced algorithmic and data science-based value calculator, Orange Book Value is the most accurate valuation tool for used cars, bike and scooters in India. Unlike the other pricing engines, Orange Book Value utilises Droom's proprietary data science methodologies and latest technologies to get the correct pricing of used cars, bikes and scooters depending upon various factors that lead to value depreciation such as make, model, trim, data for kms driven that is obtained through odometer reading, current condition of the vehicle that includes wear and tear, dents, major repair works, etc. A vehicle that is well-maintained and kept in good shape get to score more in the OBV methodology and gets a better market value.

Appropriate Condition:

Orange Book Value calculates the valuation of a used car, bike or scooter according to different parameters that cause value depreciation of second-hand vehicles. When pricing engine comes up with a particular result based on the make, year of manufacture, trim of the vehicle, odometer reading that decides the total number of kms driven and the physical and mechanical condition of the vehicle, the used cars and bikes are rated on its basis. These ratings include Excellent, Very Good, Good and Fair. While Excellent and Very Good signifies a healthy used car, Good and Fair indicates that it has problem with some of the parts and needs special attention and repairing.


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