With an ever-increasing demand for both new and used motorcycles in India, the country has established itself as one of the world’s largest two-wheeler markets. If you are looking for a motorcycle for daily travel, you may want to consider high mileage motorcycles, as they are more readily available and more affordable than purchasing a new bike. There are a lot of things to keep in mind when buying used motorcycles. It’s not like buying a new motorcycle where you go to the dealership, lay your cash out, and start riding. Used motorcycles come with many benefits, such as getting your desired machine for a reasonable price, as well as saving money when you no longer want to keep the motorcycle, and later want to sell it to someone else. Rather than regretting that you wasted huge amounts of money by purchasing a brand new motorcycle and selling it afterward, you can opt to lease it instead.
There is a greater likelihood of getting a good second-hand used bike from a dealer and the reason is that dealers, who are concerned with selling their product, must have some knowledge about motorcycles because they deal and make money on motorcycles. Make sure you get the services of a dealer who has a good reputation in selling used motorcycles. Another advantage of dealing with such a dealer is that you can ask any question you may have. It’s risky to buy directly from the owner, but with knowledge and experience from the seller, you may be able to negotiate a good deal at a lower price since you’re buying directly from the seller, and the amount the seller gulps is not included.
You should always take a test ride and inspect a vehicle before you buy it, otherwise, you can have a short-term regret over your wrong purchase after a week, month, or year. If the motorcycle is insured first-party or third-party, make sure the engine number and chassis number are in the blue book, verify the motorcycle is not stolen, and make sure all the documents are in order. If your bike is in brand new condition in every way, now is the time to put your negotiation skills to the test. Since you know the condition of the bike, offer him the amount according to it. Don’t lose your mind and offer more to get the bike. Pay him the amount after the negotiations and make sure you register the vehicle in your name as soon as possible. Once you take possession of the key, you are ready to go.
Benefits of a second-hand bike:
- An apt choice for people who are learning to drive: It is often cheaper to purchase a used bike for a new rider since they are inexperienced and may prefer to spend less money at the beginning of this endeavor while evaluating the suitability of this hobby for them. In other words, this is a great way for first-time buyers to get their feet wet. It gives them options to choose from and allows them to learn more about the industry. If you find that your friend/family is giving you a great deal on a second-hand vehicle, then you can consider it and you like the bike provided it’s relatively new, in good condition, and that you know your friend/family.
- The price is quite low compared to a new bike: Purchasing a used motorcycle has the advantage of saving you a great deal of money. You can get one in relatively good condition for a fraction of the cost of buying one new. You can also use other strategies, such as purchasing from a financial institution, to get your hands on the used vehicle. The moment it changes hands after the original owner, it is considered used. For the most part, they do not care about the highest price possible, but rather want to get rid of these items at the normal price. You may inquire about their asset recovery capabilities.
- More options available under the same budget: Purchasing a used bike may indeed give you access to better models within your budget. You can indeed own a much nicer bike with a lot more power than you would get in a new bike at a similar price. Depreciation on new two-wheelers has declined considerably since then, which means you not only pay less for a used bike, but if you decide to sell it in a few years, you can get almost the same value as if you keep the vehicle for 10 years.
- You don’t need to pay any kind of additional costs: There are no additional costs associated with pre-owned motorcycles. The first owner has already paid all the overhead costs including road tax, registration fees, and other RTO fees. When buying a used motorcycle, you are required to pay a certain amount based on the bike’s current value that has been agreed upon between you and the previous owner.
- The premiums for insurance are also less: Motorcycle insurance premiums are determined by the market value of the vehicle, and the older the vehicle, the lower the premium; Depreciation causes the insurance premium for a used motorcycle to be significantly less than the premium for a new one because the used motorcycle has already lost the majority of its value. Because the market value of second-hand cars has diminished due to depreciation, you can expect to pay much lower insurance premiums than you would on a new two-wheeler. The older the vehicle, the lower the premiums will be.
There is always an upgrade process, whether you are buying a commuter bike or a sport bike. It depends on your budget and riding experience. Second-hand motorcycles are good to learn on& you can surely buy one from a second-hand bike site. Since you’re not owning one, you still have the opportunity to save money. When it comes to buying a second-hand bike, do not just buy the bike based on its looks, test it thoroughly first and then make your decision.