Buying a vehicle is always full of excitement, no matter whether it is a used one or a brand-new one. However, nowadays, most of the car buyers in the country are going for second-hand cars instead of buying a brand-new one. Buying A Used Car that is in good condition can be a better decision than purchasing a new car. Used cars that have been maintained properly by its owner and are kept in good shape return good value for money.
Here are some of the advantages of buying a pre-owned car over a new one. The most important point here is that used cars come for a lot more affordable price than the new cars. In fact, most of the used cars are sold at a price that is almost the half of its actual price when it is in the brand-new state. Cars lose their value at a very rapid pace during the initial years. In fact, as soon as you drive your brand-new car out of the showroom, its value starts to depreciate. So, you can buy a used car in the place of a new one if the overall condition of the pre-owned car you are planning to buy is good enough.
However, in case if something is wrong with the car or if you notice any damage and poorly functioning features, then you can always negotiate on the final selling price. This way, you can get the car at a much lower price.
Purchasing a used car is like bungee-jumping - exciting and terrifying at the same time, whether you are doing it first time or not. From model to features to colour and price, there are so many options available. Investing into second hand car makes lot of sense, as you can get a great price for used car and more features at lesser cost. But peace of mind is hard to find and there are high chances of getting fleeced.
Here comes the need of a de-facto pricing engine, Orange Book Value aka OBV to get peace of mind, security for money and confidence in buying a used car. OBV gives fair used car price based on its condition and other factors. It uses data science approach to calculate fair market price of a used car, bike, scooter or more, in real time.
With OBV checking used car prices is no more pulling a number from a hat. Orange Book Value used scientific method and complex algorithm to give right price for used cars. OBV provides used car price, total cost of ownership, expert reviews, price of similar sold cars, advance analytics and much more.
OBV Basic and Premium valuation reports can give you complete insights of a used car you are planning to buy.
Here are some other quick tips to consider while Buying A Used Car:
1. Understand your requirement
2. Fix a budget
3. Fuel Efficiency
4. Resale Value/Depreciation
5. Check affordability
6. Know total cost of ownership
7. Test Drive
So, don’t forget to check Orange Book Value of your next used car. Check orangebookvalue.com for more details.
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When we think of buying a car, one thing keeps on ringing in our head that whether to buy a brand-new car or a pre-owned car that is in good condition. Nowadays, most of the people are going for the well-maintained second hand cars which are sold through dealers or individual sellers. Even if you have decided to Buy A Used Car only, still some confusion stays in our mind that whether to buy it from an individual seller or a used car dealer. In both the cases, there are various advantages as well as disadvantages. Let’s discuss some of the advantages and disadvantages of both used car dealers and individual used car sellers.
In case you want to buy a used car from a dealer, you will have to pay more money when compared to individual sellers. However, the dealers generally provide warranty on the used vehicle you are buying. In most cases, the cars are certified and properly verified by the dealers and then it is put on sale for the used car buyers. Also, if you are buying a used car from a dealer, you can always negotiate on the final price putting the selling price of the same model from other dealers.
On the other hand, if you are going to buy a used car from an individual seller, you will have to pay less money than the dealers, but there will not be any warranty on anything. However, most of the individual sellers provide a genuine car which has been maintained properly. You have to go and check the condition of the car in both the cases and should always take a test drive of the used car you are planning to buy.
The debate between buying a used car and a new car is never-ending. Different people have different opinions based on their priorities. However, there are some facts that help us make the best choice while buying a car. Both new cars and used cars have their advantages and disadvantages. Here, we are going to discuss about some of the advantages and disadvantages of buying a new car and a used car.
• Used cars come with a much lower price when compared to the new ones. This, in turn, make them more value for money product than the new cars. The Price of the Used Cars can be further reduced if you buy from a private seller where no dealer is involved. On the other hand, new cars come with much higher price tags that make them hard to own for many prospective car buyers.
• Depreciation is another factor that proves that buying a well-maintained used car could be a much better decision than going for a new car. All cars go through the phase where their value in the market depreciates. New cars lose their value very rapidly while for used cars the deprivation rate is quite low.
• In case of new cars, the customers get total peace of mind as the product is almost fully covered by the warranty provided by its manufacturer. Most of the car manufacturers provide a warranty of 3 years, which means the owners do not have to worry about any extra expenses on its parts for 3 years. However, in case of used cars, there is limited warranty or no warranty on anything. This means, if something goes wrong with the product, the seller is not responsible for that.
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Buying a vehicle is always full of excitement, no matter whether it is a used one or a brand-new one. However, nowadays, most of the two-wheeler buyers are going for the used bikes, which are in good shape, over the new bikes. And in most of the cases, it proves to be the right decision to make. Used bikes, which are kept in good condition and have been maintained properly, return great value for money and you can buy them at a very affordable price. Here, we have discussed some of the advantages of buying a second-hand bike in place of a new one.
The first advantage is the pricing of used bikes. Used bikes are cheaper than new ones. Many of us step back from buying our dream bike because of the hefty price it comes with. However, the same bike if bought as a pre-owned model becomes available for a lesser price which would be almost half of the price of the new model. But you need to be very careful while negotiating with the seller. Do as much research as you can and try to get an idea of the fair market value of the used bike you are planning to buy. Websites like orangebookvalue.com help in determining the fair market price of any used vehicle.
The condition of the car is another factor. If everything is alright, then it is the best situation, but if something is wrong, you can always negotiate on the final price of the bike and get things fixed on your own that will not cost you a lot of money. So, this way you can get the best deal for yourself buying a quality used bike.
For more details click here What Car Valuations
At Droom, we constantly make efforts
to improve the user experience and acknowledge grey areas of the automobile
market in India using technology. One of such initiatives is Orange Book Value
Enterprise (OBV Enterprise). We have recently launched OBV Enterprise 2.0 to
provide a complete pricing solution for used automobiles to various banks,
NBFCs and Insurance Companies. The OBV Enterprise is designed to
help BFSI sector companies in checking the fair price of used automobiles and
make the right business decision before
giving credit, acquiring a vehicle, putting a vehicle on auction or more.
OBV is India’s first and only
algorithmic pricing engine to find out fair market value of any used
vehicle. Orange Book Value (OBV) is a simple yet extremely technology and
data science-based online tool to provide users with the correct valuation of a
used automobile under 10 seconds.
With OBV Enterprise by their side various BFSI companies
can easily know the fair market price of a pre-owned car, bike, scooter or
more, as per it’s condition. Rather than pulling a number from the hat, OBV
offers data science approach to calculate the fair market price of any vehicle.
Users can download, print or share Basic or Premium Valuation report which is
independent, unbiased and data driven.
Following
are the features of OBV Enterprise 2.0:
Profile Management for Enterprise: Any organisation which has partnered with OBV as enterprise gets a
personal Enterprise Panel which can be logged in from orangebookvalue.com
homepage.
Dashboard: It
allows to view the total number
of queries made (lifetime, last 15 and 30 days), interactive graphical
representation to see the day-wise queries made for last 14 days,
subscription status.
API Integration Panel: It
helps to generate a new token
for their website to show OBV prices on their website, a downloadable pdf
copy of API Document to assist in API integration.
My Account:It will allow updating the user
information.
Quick Check:To redirect the user to OBV website in
case a quick price check is required by the user.
Bulk Upload: Enables user to upload a list of
vehicles (in CSV or Excel format) for which the OBV value is required.
This list of products will be displayed within the Enterprise panel along
with their respective OBV values within 10 seconds. The user can change
the conditions separately for every vehicle.
Bulk Report Download: It helps in downloading OBV reports
for the vehicles uploaded. User can select the products, required report
type (basic or premium) and download multiple reports in a single step.
Updated Dashboard: The dashboard shows total number
of queries made, number of reports downloaded (basic and premium). It also
gives details about total number of queries made (lifetime, last 15 and 30
days), interactive graphical representation to see the day-wise queries
made for last 14 days, and subscription status.
Download
Orange Book Value Android or iOS mobile App or visit
orangebookvalue.com for more details.
The used-car industry in India is growing at a rapid pace and it is quite visible by the growing pre-owned car sales in different parts of the country. Nowadays, more people are looking to buy a used car instead of a new one; well the reason is quite obvious, isn’t it? Used cars are much more cost effective as you will get the same car and same features in a very well-maintained condition for a considerably lower cost. A vehicle is such an asset that every person wants to own, however, it also loses its value as soon as you drive it home from the showroom. And this makes the new cars lose their value much faster than the old cars. The depreciation in the value of the used cars is very marginal and it does not make you feel like you have lost a big chunk from your savings.
However, getting a good deal in the used car market is a quite tricky task. You need to go through a lot of research work on your own to get to the best deal for yourself. The research process includes a few steps. At first you need to decide that which car you want to buy; once you have decided the make and the model of the car you want to purchase, you can then compare the variants of that car to choose the variant that would suit your requirement the most. Once you have selected the variant, it is time to search for good options of that model in the used-car market. You can do your research online. Websites like Droom can help you achieve the same as hundreds of pre-owned car models are listed here. Also, these cars are certified and tested by professionals so that the buyers get their cars in very good condition.
Many of these used cars also come with special prices and deals that make them even more cost effective. Some of the cars come with cash benefits while some of them come with after purchase benefits and goodies. Moreover, a good deal is always available in the market; you just need to do a good research to find them. Used Car Price serve great value for your money and every person wants to get the product they want at the best possible price.
Buying a used car can be exciting, as you get to buy a well-maintained pre-owned car for almost half of its original price. However, at the same time it can be a very tricky task as the negotiation part of the deal becomes a bit difficult. Here are some tips you should follow to negotiate on used-car pricing while sealing the deal with the seller.
1) First of all, you need to know the fair market value of that particular car. For this, you can refer to the websites that detect fair used-car value by considering the various factors of its depreciation. Online used-car valuation engines like Orange Book Value suggest the accurate price of any used automobile that makes the negotiation part quite easier as there is total transparency regarding the fair price between the seller and the buyer.
2) Another thing that helps in the negotiation process of a used car is taking an expert along while you are going to see the car. It is recommended to take a mechanic or a car expert who knows everything about it and can easily point out the flaws. This will help you negotiate on the asking price as you can show damages and repairs.
3) Also, remember that you should come up with actual reasons while negotiating on used-car prices. If you are quoting some price in front of the seller, you should be ready with reasonable facts to support it. If the negotiation is done in a proper manner, the seller will come to a point in the end where both the parties will be satisfied with the final price.
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