Orangebookvalue.com - Used Vehicle Pricing Calculator
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Orangebookvalue.com - Used Vehicle Pricing Calculator
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Used Vehicle

Buying a used vehicle over a brand-new one is always a smart choice given that the used vehicle you are going to buy is in good condition. However, the most important thing while buying a second-hand vehicle is understanding its fair market valuation. This is where Orange Book Value (OBV) comes in. OBV helps in determining fair market price of any used vehicle including cars, bikes and scooters. Knowing used car, bike and scooter valuation is necessary for both buyers and sellers. OBV gives information on used car, bike and scooter pricing in less than 10 seconds. Used vehicle valuation is no longer a problem as you can get the accurate pricing of any pre-owned vehicle through the Basic and Premium Reports from OBV along with various other useful information regarding the used vehicle. Also, OBV offers a printed book that suggests fair value of pre-owned cars, motorcycles and scooters that were produced in last 15 years. (View More)

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Top Tips When Buying A Used Vehicle

Many things are to be examined while purchasing a used vehicle to ensure that you are getting a perfect deal. From its condition to the price value, all things need to be tested and verified cautiously in advance. Here are a few tips to keep in mind when buying a used vehicle:

1.Inspection of Papers: While buying a used vehicle, checking and examining all the vehicle related papers is crucial. Making sure that all the papers are transferred to your name along with the insurance and other relevant documentation.
2.Examining the Vehicle: Before purchasing a used vehicle, the most important part is to check the vehicle. You can take the online inspection services to obtain a detailed inspection report of a used vehicle. Learn what the ‘deal’ is really about. From the valuation of the vehicle to test-driving, keep every small thing noted.
3.Paying Valid Price: Make sure you are not fooled into over-paying for a second hand vehicle. To check and compare the Price of the Used Vehicle, you can try online used vehicle valuation tool like Orange Book Value. From checking the mileage to condition of the car, consider all things before closing the deal.
4.Avoiding Scams: Being thorough with the process of purchasing used vehicle and analyzing all the aspects of the deal is important. Sometimes stolen vehicles and Used Cars or Used Bikes with pending loans are resold. Avoid these scams by getting all valid information.

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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 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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