Common Issues with Used Cars

Buying a used car has become very common among the Indian car buyers. Used cars are available in good condition and buyers can have the pre-owned cars at a much lesser price than the brand-new models. Many of us dream of owning a car and we also have our preferences from the various categories of vehicles, but due to the higher price, we drop our plans of buying that car. With the availability of second-hand cars, now any person can afford to buy their dream car in the budget their pocket permits.

However, in many cases, people face a lot of issues with the used cars. This is mainly because the car was owned by someone else before and it is not possible to know how the previous owner used it. So, it is very important to check the car thoroughly before sealing the deal. There are several issues which are quite common with Used Car Price. Some of these issues include rust and body damage, brake problems, transmission leak, extremely low fuel mileage, worn-out tyres, damaged upholstery, poorly working features, etc.

You should look for any rust or body damage due to major accidents. Also, take a test drive and check if all the functions are working properly such brake system, suspension system, electronic systems, etc. While checking for body damage, do not forget to check the tyres. If they are worn-out, you need to change them immediately. Check other things in the cabin like the seats, upholstery, adjustment functions, etc.
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Buying A Used Car: The Debate Between Dealers and Private Sellers

Are you planning to buy a used car? But are you confused about where to buy it from? Buying a used car which is in good condition is a smart decision to make. Nowadays, most of the car buyers end up buying used cars and they are happy with the performance of these pre-owned cars as they serve great value for their money. Another reason for the increase in demand of used cars is the availability of second-hand vehicles. The Used Car Price market is growing at a rapid pace as now the pre-owned cars are available easily on various used car websites that list cars from both private sellers and used car dealers.
If you are confused about where to buy your used car from, then you need to keep the following things in mind. If you are going to buy a used car from an individual seller, you will not get many options there and you would have to settle for the one which is available. However, in case of dealers, you can get your hands on multiple vehicles from the same category and can test all of them before you settle for one. Also, in case of individual sellers, the cars are generally not repaired before putting up for sale. But in case of dealers, they do the initial investigation about the vehicle when they get it from the sellers and then their own mechanics work on the used vehicles to make it almost flawless.
But, the cars which are sold by private sellers generally cost less than the cars sold by the dealers. This is mainly because of the reason that the dealers get the car thoroughly checked, and sometimes, they also provide some kind of warranty or other benefits.
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Used Bike Pricing Is Easy with A Little Research

The 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 used bike prices, 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.
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Benefits Of Checking Used Car Valuation

Buying a used car, which is in well-maintained condition, is always a smart decision. It proves to be a better Used Car Valuation 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.
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Know the Fair Market Value Of Used Vehicles

The buyers in the used-vehicle market are looking for better options among the pre-owned vehicles as they serve as a great value for money product. Customers can buy a used vehicle, which is in excellent condition both aesthetically and mechanically, at a very reasonable price. And this way, we do not have to spend a fortune on the car we want to buy. However, the trickiest part of all this comes when we get to determine the correct value of a used vehicle. Both as a seller and buyer, we fail to understand the fair pricing of any pre-owned vehicle.

There are various factors that play an important role in the depreciation of the value of your vehicle over the time. Some of these factors are the model of the vehicle, year of manufacturing, trim/variant, the odometer reading that states the kms driven, etc. But for understanding all this, we need to get expert opinion and professional advice. And this is where the online price calculating tools like Orange Book Value (OBV) come in.

Orange Book Value from Droom, the first and only algorithmic pricing engine for used vehicles in India, comes as a boon for the used car buyers and sellers as it helps in determining the exact value of any used automobile. OBV suggests the Market Value of a Vehicle of pre-owned vehicles including cars, motorcycles, scooters, bicycles and even aeroplanes in less than 10 seconds. This has brought a revolution in the used vehicle industry that has made buying or selling of second-hand vehicles a lot easier than it was ever before.

Sandeep Aggarwal – Revolutionizing Business with Technology

Sandeep Aggarwal is the founder of ShopClues – India’s first managed marketplace, and Droom – India’s first marketplace for Automobiles and related services. Known as the father of marketplaces in the Indian start-up ecosystem, Sandeep Aggarwal is extremely passionate about mentoring the start-ups in the country to help them develop their expertise on the entrepreneurial front. He founded ShopClues in early 2011, and started Droom in April 2014. While ShopClues witnessed a great success under his leadership, Droom is seeing a tremendous growth with Sandeep Aggarwal running it as the Founder & CEO. 

Sandeep Aggarwal CEO single-handedly raised a fund of $1.95M from 16 of his friends and close aids in the initial days after the official launch of ShopClues. Although the company was the 35th entrant in the Indian E Commerce segment, it went on to become the 4th largest E Commerce company within the initial 8-9 months under his leadership. 

Droom has been witnessing a tremendous growth in terms of adoption by sellers, number of categories and listings, and GMV/transactions. Moreover, the company has geographical presence in 142 cities across the country. Droom is permanently changing the way automobiles should be bought and sold online by creating modern tools for the 21st century customers and building trust and transparency on pricing of used vehicles. The services offered by Droom have generated healthy revenue with more than 15% of the sellers having signed on for the subscription services and this figure is expected to increase to 40% by December 2017.

Sandeep Aggarwal - Journey of An Entrepreneur

Sandeep Aggarwal is the founder of two marketplaces in India, ShopClues – India’s first managed marketplace, and Droom – India’s first marketplace for Automobiles and related services. He is also an internet visionary, serial entrepreneur, angel investor and philanthropist. Sandeep Aggarwal launched ShopClues in the year 2011, that went on to become the 5th unicorn in the consumer internet industry in India. Later, in 2014, he founded Droom which is a one stop solution for buying both used and new automobiles and related services. Sandeep Aggarwal is widely known as the father of marketplaces in the Indian start-up ecosystem. Furthermore, he takes immense interest in mentoring the Indian start-ups to help them develop entrepreneurial traits and expertise.

Sandeep Aggarwal was born and brought up in Chandigarh. After pursuing his Bachelor’s degree in Commerce (B Com) from Kurukshetra University, he received a Master’s degree in Finance from Devi Ahilya Vishwa Vidyalaya. After that, Sandeep Aggarwal went to the USA to obtain an MBA degree in Strategy from Washington University in St. Louis - Olin Business School as a UGC scholar.

After witnessing a successful career in the corporate arena and working at famous US-based companies like Charles Schwab, Microsoft Corp, Citigroup, Oppenheimer & Co., Collins Stewart and Caris & Company, Sandeep Aggarwal founded ShopClues, and he never looked back. Sandeep Aggarwal ran the company as CEO until 2013; after that, he handed the responsibility over to Sanjay Sethi. In April 2014, he launched Droom that has become the largest online platform for automobiles in India within two years of its inception. It is the 21st century marketplace that uses modern tools and technology to operate efficiently in the automotive market. Droom uses data science and artificial intelligence to create trust, transparency, and pricing advantage for buyers.