November 5, 2018 by 7jF6eU
Used Bike Pricing Is Easy with A Little Research
Orange Book ValueThe used bike market in India is growing at a rapid pace with each passing day. This has been possible as the buyers in the used vehicle segment are now aware of the potential and perks of buying a pre-owned vehicle over a new one. Whichever product you are planning to buy, may it be a car, bike, scooter or bicycle, purchasing a used model over the new ones is always a smart decision, provided the second-hand product is in well-maintained condition and returns high value for your money. However, most of us get confused regarding the fair market value of any used vehicle. And this is the case with both buyers and sellers of the used bikes. The buyers generally think that he/she has bought the bike for a higher price than its original value, and the seller is always in the confusion whether he/she is selling the product for a price that would bring enough profit for him/her.
However, with a little research on the fair pricing of a used bike price, you can quote the actual price of any pre-owned bike. There are various factors that play an important role in the depreciation of the value of a used bike over the period of time such as the model of the bike, year of manufacture, trim/variant, the odometer reading that states the kms driven, etc. But for understanding all this, we need to do a little research on our own.
There are online used vehicle pricing engines like Orange Book Value that suggests the fair price of any used vehicle including cars, bike and scooters. You can do the primary research on the price from these used vehicle pricing engines. Other steps of research include taking opinion from professionals. If you show the used bike you want to buy to a mechanic or a biking enthusiast, that person will examine the bike thoroughly and let you know the defects that would help you in negotiation of the final price. Also, as a buyer, you can check with other dealers for the price of the same model and compare it with the price the seller has quoted in front of you.
Buying a used car, which is in well-maintained condition, is always a smart decision. It proves to be a better value for money product than the brand-new cars as the money spent on a new car would go in vain when the car will lose its value as soon as it is driven out of the showroom. Unlike the new cars, pre-owned cars serve a better value for money as their price is already depreciated and the further fall in value will not be like it as at the first time.
So, buying a second-hand car is always a safe deal if you can find a model with minimum flaws and which is in a very good condition, both mechanically and aesthetically. However, determining the correct value of a used vehicle sometimes becomes a little tricky for most of us. However, it is very important to know the fair price of a used vehicle for buyers as well as sellers. While buying, or selling a used vehicle, the most unwanted task becomes the negotiation part between the buyer and seller.
The buyer generally tries to bring down the price to as low as he/she can, and still thinks that he/she has bought the vehicle at a higher price. On the other hand, the seller is always confused about the right price to be put before the buyer so that it would not be a lose making deal for him/her. So, to come to a common conclusion, it is very important to have a rough knowledge of the fair price of the used car.
Orange Book Value is the author of this Article. To know more about Vehicle Valuation Tool please visit the website.Article Source: eArticlesOnline.com
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