A two wheeler has become an important necessity for people who travel to work every day through the dense traffic present on city roads. If you wish to learn how to ride a two wheeler or have budget constraints for buying a new bike, buying a used two-wheeler makes perfect sense. However, when you buy a second-hand bike or a scooter, you need to do a bit of research to make sure the vehicle is in the right condition and it is able to serve you for a few years. Here are few of the tips to remember when you purchase a second-hand two wheeler.
Determine The Purpose Of Buying A Two Wheeler
First of all, you must determine the purpose of buying a two wheeler. If you are someone who is looking to go for long road trips or cross-country rides, what you need is a touring bike which is comfortable, easy to handle, and does not ditch you while you are traveling. For short journeys, a sports bike can be more suitable. While if you just want a mode of transport for your daily commute to office or any other place, a decent motorcycle or a scooter should do the job. Whatever be the case, it is important to know why you want a two wheeler. Get Information On Different Motorcycle Models
Once you know the purpose of your purchase, visit several two-wheeler manufacturer websites to find out which vehicle models are best suited for you based on their features, power, and performance. You may also watch bike review videos on YouTube and visit different third-party websites that review two wheelers based on different factors.
Other than the online research, you can visit various two-wheeler dealers and physically check the vehicle. You can also ask your friends and colleagues to share their suggestions. After all, nothing counts more than the practical experience.
Enquire About The Market Value of The Two wheeler
There are different sources on the Internet where you can find the current market value of a two-wheeler and their resale value based on your location. Some resale websites give you thousands of search results to choose from.
Two Wheeler Insurance:
Buying a two-wheeler insurance for a used two-wheeler can be a little tricky as the Insured Declared Value for the same may not be much. You can get your used two-wheeler insured based on the bike model, age of the vehicle, and other factors. A basic third-party bike insurance is mandated by the law. However, it is better to go for a comprehensive insurance policy as it provides you a greater scope of protection. There are multiple third-party websites where you can compare the benefits that different offer as well as the difference in premium to be paid.
Determine Where To Buy The Vehicle From
There are different pros and cons of buying a used two-wheeler from an individual or an independent/licensed dealer. The positive thing about buying a two-wheeler from a dealer is that you can exchange your current two-wheeler (if available) with another one with the payment of some additional price. You can also take a test ride and get support from the in-house service unit of the dealer. Some dealers also offer “certified pre-owned” vehicles that come with detailed information on service history and guarantee. A dealer may offer you more buying options and also facilitate selling off your existing vehicle.
If you buy your vehicle from an individual, you have a greater scope of negotiation. But you may not receive the additional perks and benefits that you get from a dealer. If you are able to find a single bike owner who can provide you with service records and other documents, you can go ahead and make a deal.
Get The Bike Checked From A Professional
It is very important to inspect the vehicle carefully before shelling out your hard earned money. You can take help of a professional mechanic who can assist you in inspecting the bike and to assess if it’s worth buying. Overlooking one small detail could cost you very high in the long run.
Take A Test Ride
No matter how good are the opinions of others, you should always take a test ride and see for yourself if you are comfortable with the bike and the power and performance it delivers. You certainly don’t want the vehicle to be a complete mismatch for you. If you are a novice rider, try not to experiment with a high-end sports bike.
Request a Service History
Check The Service History Of The Vehicle
It is always better to buy a vehicle from someone who has taken proper care of the vehicle. You should request the service history of the bike and evaluate the different repairs and replacements the vehicle has gone through. Also ask for the manufacturer’s manual and tool kit of the vehicle if available.
Verify The Vehicle Documents
The most important part of buying a second-hand vehicle is to check whether all the original documents such as the Registration Certificate (RC), purchase receipt, and insurance papers are in place. As vehicle thefts have become rampant these days, you must ensure that you are buying a vehicle from a genuine seller.
Buying a two-wheeler without a valid two-wheeler insurance can get you in legal troubles and you will never be able to lawfully sell it or trade it in future. Buying from a dealership can be a safe option as they will provide you with the right paperwork. If you are planning to buy it from an individual owner, do make sure to get all the valid documents from the owner and check if the vehicle is registered in their name.
Also, if the bike has an active two wheeler insurance policy, it’s your duty to get the insurance policy transferred in your name to avoid any complications. The registration certificate also needs to be transferred and the RTO has to be informed about the transfer of vehicle ownership. If you already had a vehicle for which you never filed an insurance claim, you can get your No Claim Bonus (NCB) retained with the new policy.
If you are satisfied with the paperwork and the condition of the vehicle, it’s time to negotiate well considering the seller’s asking price, the price you are willing to pay, and the highest price you can afford.
While a used bike can never match the performance of a brand new bike, choosing the vehicle which is in great condition and has all the paperwork in place can serve your purpose well.