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May 27, 2022

How to Calculate On-Road Price of a Car?.

Do you know that a car’s price is classified into two categories i.e. On-road price and ex-showroom price? It is a common mistake to confuse the two. However, when you are planning to buy a vehicle, it is important to be aware of the difference between the two for better financial decisions. Now, what is on-road price, and how to calculate the on-road price of any vehicle?

Well, as is the case with any journey, you got to fasten your seatbelts. So, without further ado, here is all that you must know to check on-road price of car.

Let us start with the beginning only. So, what is the on-road price and how is it different from the ex-showroom price? Here is your answer:

What is the on-road price?

On-road price in simple terms is the cost a buyer pays to use the respective vehicle on the road. It is inclusive of:

  • Ex-showroom price - Vehicles are usually advertised with the ex-showroom price which is the cost OEMs charge. Ex-showroom price can be deemed as the cost of manufacturing a vehicle charged by the manufacturing companies.
  • RTO registration - Every vehicle is registered in the local Regional Transport Office. The number plate you see on every vehicle is provided by the RTO office only. It carries a unique identification of every vehicle which helps to identify the owner and state in which the vehicle is registered.
  • Road tax - Road tax, collected by the RTO office, is the tax you pay to drive the respective vehicle on the roads. It is generally paid for 10-15 years.
  • Insurance - Vehicle insurance is also mandated by the government. It is classified into three forms namely Third-Party, Comprehensive, and Zero-Depreciation. You have the choice to choose the best one according to your liking and budget.

Now, that you are aware of the on-road price of the vehicle. Here is how you can check on-road price of a car or any other vehicle:

How to Check on-road price of vehicle?

Technology my friend! Tech innovation is thy ally to find an unbiased on-road price of new cars.

And, for that, you will need a smart gadget, laptop, or a phone, with a running data plan to access the official website. Rest is all about enjoying the perks of tech innovation.

Here is how you can find out the on-road price of any vehicle:

- Step 1: Enter the respective vehicle details which include vehicle category make, model, year, trim, and location.

Vehicle input form

- Step 2: Click on “Check Price”

Vehicle filled form

- Step 3: Check out the On-road price

On Road Price

As you can see, the on-road price of Mahindra XUV 700, AX7 Diesel AT 7 STR 2022, in Delhi is Rs 24,24,647. You can also check out the price breakdown as well.

Orange Book Value has made finding out the on-road price of any vehicle a simple affair. All it takes is less than 10 seconds and you do not have to pay any fee for it. You can check other useful sets of information as well.

Why should you check the on-road price of a vehicle?

As a buyer, you must know all the intricate nitty-gritty to make an informed decision. On-road price is one such valuable piece of information that is important to make smart decisions when you go out to buy a car.

There is a difference of 2-3 lacs between on-road price and ex-showroom price. You might be planning your expenses based on ex-showroom price only to find that the vehicle costs 3 lacs more than what you had in your mind. In such cases, the financial decision-making goes for a toss only for the buyer to arrange for an extra sum or settle for a cheaper alternative.

Keep aside disappointment and unnecessary last-minute hassles by checking out the on-road price of a car beforehand.

Orange Book Value is a perfect tool for vehicle buyers to get unbiased vehicle pricing info within seconds. Even, if you are looking to buy a used car, you can find out the fair market value within seconds for free to find the best car within your budget. So, be smart, and be pro-active to find the best car for you within your budget.

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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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