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Nov 23, 2020

Get The Best Value Of Used Bike With Bike Valuation Calculator

Get The Best Value Of Used Bike With Bike Valuation Calculator

When putting a used bike on sale, it is important to acquire an estimation of the value as much as possible. Knowing the market value of that particular model can mean a lot when selling. There are a number of price estimation engines and online tools including a bike valuation calculator through which it is possible to know your used bike’s value in the market. This will help you in quoting a good amount to reap the maximum benefits.

Why online bike estimation calculator proves to be beneficial?

Online bike estimator available on the Internet not only helps to check used bike price but also gives complete peace of mind. There’s no room for errors and confusion. The value of the bike can be checked by filling the details in the form and then submit to achieve the result. Bear in mind, used bike valuation is based on the brand of the two-wheeler, its model, accident-free condition, general condition, documents, registration, and type of insurance. Therefore, the quoted price may change based on these factors and also the city in which you are living. The city trends and demands play vital roles when it comes to selling bikes online. As there are multiple sources available for checking the estimated value of your bike, it is crucial to choose the best. Sometimes, the bike dealerships, on their website itself offer a bike valuation calculator to help the sellers determine the current valuation of their bikes.

Why it is better to go as per the dealership’s estimation?

It’s a good choice to stick with the dealership’s online calculator because it is the very same source through which you will be selling your used bike. Now, the estimation shown on other sites may vary to others (to some extent) and it is certainly not logical to get an estimation from an online calculator and sell on another, especially, because of the price difference. Online vehicle platforms are now considered the most authentic source of selling and buying second-hand vehicles including cars and bikes.

Hopefully, the dealership through which you will be selling will provide a maximum price calculator. On the contrary, if you wish to stay away from dealerships and want to sell it individually, things may fall out of hand leading to a significant loss.

How does bike valuation calculator work?

Online bike valuation calculators offered by the professional dealership are trustworthy. This is because they do their business based on reputation and utmost customer satisfaction. The calculator works by thoroughly analysing the market factors before coming up with the tentative price range of the used bike proposed to sell. Such a conclusive bike price helps sellers in making the final deal swiftly. The online estimator works on specific algorithms developed to provide the maximum benefits both to the sellers and buyers. In case of any price change, they gather the information and then calculate the value on the same pricing structure. Therefore, there’s no chance of getting affected or experiencing losses by selling your second hand bike through certified and skilled bike dealerships.

Document Needed

Documentation plays an important part in second-hand bike selling or buying. If you are a seller, you have to ensure that the registration certificate (RC) and insurance papers are showing your name and other information right. If there is any spelling mistake or wrong info that should be rectified immediately. If the two-wheeler has been taken on loan, be sure to provide a NOC from the bank. However, you will get all sorts of assistance from an online dealership like Droom.

Increasing the value of a used bike can be crafted smartly through a proper series of documents and of course with the professional dealers.



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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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