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Jan 20, 2021

What You Need To Know About Used-Car Pricing

The primary query of everyone while going out to buy a second hand car is the price. Though, when you go out to buy a car from a known person, chances are that you take the word of mouth to place your trust. However, the car performance, cannot be relied upon the word of mouth; there must be proper second hand car valuation by taking into consideration various parameters.

It helps you evaluate the fair market price, performance, and resale value of the car. Gone are the days when you had to travel to the local dealership or invite a mechanic to evaluate the car's performance. Today, with the emergence of sophisticated tools, you can get your car evaluation done at minimal expense.

Irrespective of the fact if you are a buyer or seller; first and foremost, you must be aware of Fair Market Price before you go on to check used car price.

What is the Fair Market Price?

Fair Market Price is the impartial assessment to determine car price. It is evaluated by taking assistance of a sophisticated algorithmic pricing engine which takes into consideration brand, year of manufacture, KMs a car has run for, the life cycle of car components, and other parameters. With a Fair Market Price assessment, both the sellers and buyers can put unnecessary negotiations at rest.

How do You Evaluate the Price of a Used Car?

The online platform offers an exciting opportunity for the sellers to evaluate the price for a used car at ease. Tech innovation comes to your rescue by incorporating data science and empirical evidence in terms of depreciation curves, margins, and spreads with intermediaries based on:

  • Category, make, model, year, and trim of the vehicle
  • Condition of the vehicle and the kilometers it has run


Car valuation tool online is a perfect combination of efficiency and ease of operations. You can rely on sophisticated systems to get you a fair market price. This not only helps you find the value of your car but helps the potential buyers put their trust in the quality of the car.

What is the Importance of Car Valuation?

A comprehensive used car valuation serves as the perfect bridge for the sellers and buyers to reach a common ground.

As a seller, you expect to receive the very worth of your car. Nothing lesser than what you should get. However, with traditional means of going to the local dealership, you tend to be in a state of confusion which means that you are going around the city trying to get the best quote. Well, not anymore! With the performance certifications and vehicle history, you get to know the exact price for your car. It saves you:

  • Time: Do it on the go from the very confines of your home. Find the fair market price of your second hand car, get it listed, and then let the online world direct potential buyers to your listed page.
  • Unnecessary negotiations: Put a full stop to unnecessary negotiations. Let the standardized certifications such as OBV do the talking while you take a comfortable back seat to enjoy the whole process.
  • Underpricing: You are sure to get the exact worth and more for your car when the exact condition and performance are highlighted for the potential buyers.


There is no scope of miscommunication or any one party leading the discussions. Car valuation eases the whole process of selling a car. Moreover, you can get the car valuation done from anywhere by providing the necessary information on the go.

Get your car valuation done within seconds

Droom is leading the charge to offer the perks of sophisticated tools and tech innovation. It is a result of its sincere methodology that the company brings to you Orange Book Value to determine the fair market price of your car within 10 seconds for free. No middlemen commissions, no waiting period. Go online today to check used car 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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