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June 11, 2021

Bike Valuation Tool - Get the most accurate value of your used bike

The bike valuation tool is a dream come true for people looking to buy/sell a used bike. When you consider the most important pain point of buying/selling a bike, it is bike valuation. On one side, a seller wants to get at par and beyond value for their used vehicle, and on the other, a buyer, does not want to end up overpaying for a vehicle.

Bike Valuation Tool - Get the most accurate value of your used bike


So, how do you bring two parties to a mutually acceptable price estimation? It is time to avail the best of technology. We are in a smart, digital age wherein every step of buying/selling journey is being transformed with tech innovation. Start with a smart solution to find a fair price estimation of a used bike online.

No need to spend hours to travel to your local dealership or pay for professional assistance. Get rid of those second doubts to settle with a fair market price to enjoy the perks of technology.

Key points

  • What is a bike valuation tool?
  • Accurate v/s Fair Market price
  • Go online to check the used bike price?

What is a bike valuation tool?

The bike valuation tool is based on 21st-century machine learning functionality. It takes in the vehicle information provided by the user to go through the extensive database of information. A used bike valuation tool goes through the past transaction, depreciation value, current market trends, and other sets of the vehicle information to determine the price estimation.

For sellers, it gives them a precise valuation range. The final price can be set up by the seller based on the condition of a vehicle.

For buyers, it helps them to plan their budget and choose the right options within their budget to prevent overspending.

It provides the user with a Fair Market Price of a vehicle that is independent, unbiased, and transparent.

Accurate v/s Fair Market price

The word accurate is somewhat misleading when it comes to used vehicle valuation. Ask a seller “What is an accurate price of their vehicle” and, they will quote a higher price which is expected. On the other hand, for a potential buyer, the accurate price of a vehicle is whatever fits in their budget and helps them pay less than the market value.

In terms of business, it is better to go with a Fair market price than go over lengthy discussions to determine the accurate price. And, what better than scientific methods which have documented proof for reference?

Go online to check Fair market used bike price

Used bike price calculator puts all the guesswork to rest. Go ahead and check out the Fair Market price of a used vehicle online. There are two ways you can go about it.

The first way is to feed in all the necessary information manually in the form as shown below. To generate the used bike valuation, you have to provide:

  • Make
  • Model
  • Year
  • Trim
  • Kms Driven

Bike Valuation Tool - Get the most accurate value of your used bike

Or you can enter the simply “Select a Vehicle” as shown below:


Bike Valuation Tool - Get the most accurate value of your used bike

Once you provide the necessary information, click on “Check Price”. The tool generates a price estimation range based on the condition of a vehicle.


Bike Valuation Tool - Get the most accurate value of your used bike

Now, if you are looking for an advanced evaluation, you can do so by providing the necessary vehicle information as shown in the picture below:

Bike Valuation Tool - Get the most accurate value of your used bike


All it takes is few seconds to get the price estimation with a used vehicle price calculator. As you can see, it is all online. You do not have to go around looking for professionals to help you or be in doubt at the quoted price. It is a price estimation range that is further made precise based on the condition of the vehicle. Now, if your vehicle falls in Bad/Fair condition, you can work on your vehicle beforehand to increase its resale value.

Droom with its Orange Book Value tool brings in much-needed respite from all those unnecessary price negotiations. Why spend hours trying to convince buyers of the price when you can simply show them a certified report. Or as a buyer, why pay a higher amount for a used vehicle when you can access the used vehicle price calculator to know the Fair Market Price?



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Privacy Policy | Terms of Use
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 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 price 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 price 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 scooters, bikes and cars 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 in getting 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 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 gets 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 signify a healthy used car, Good and Fair indicate that it has problem with some of the parts and needs special attention and repairing.

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