Used Commercial Vehicle Value Calculator

Instant Used Commercial Vehicle Value Calculator

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Used Commercial Vehicle Value Calculator

Buying a used vehicle has become increasingly popular in the current times as it is not only easy but also quite economical. The used commercial vehicle market is no different as many businessmen now choose to buy a used commercial vehicle that is in a good condition to get their logistical requirements met on a budget.

When buying a commercial vehicle, it is quite possible to end up paying more as there are lesser regulations on the used vehicles market. This is where a used commercial vehicle valuation calculator comes in handy as it can help you estimate the ideal price of a used commercial vehicle. 

What is a used commercial vehicle valuation online calculator?

A used commercial vehicle valuation calculator is an algorithm that helps you estimate the price of a used commercial vehicle. It considers factors like the make, model, manufacturing year, years of usage, and the number of kilometres driven to give you the estimated resale price of the said commercial vehicle.

The price of any commercial vehicle is inversely proportional to the wear and tear of the vehicle; implying that the more your commercial vehicle is used, the less is its resale value. Apart from the price of the commercial vehicle, you might also need to pay brokerage charges if you are not buying directly from the seller. This factor is, however, not considered by an online commercial vehicle valuation calculator.

How to run an online used commercial vehicle valuation calculator?

Utilizing a used commercial vehicle valuation online calculator is pretty easy as with the right information, you can easily get a price estimation of almost any used commercial vehicle. To give you more clarity, here is a step-by-step process for using an online commercial vehicle valuation calculator -

Benefits of utilizing a used commercial vehicle valuation online calculator

There are plenty of benefits of using an online used commercial vehicle valuation calculator. To raise awareness about the same, here are a few listed below - 

What to keep in mind when utilizing a used commercial vehicle valuation online calculator?

Utilizing a used commercial vehicle valuation calculator is quite easy and swift. Thus, there is not much research that goes into using the used commercial vehicle valuation calculator. However, there are a few things that you need to remember when utilizing a used commercial vehicle valuation online calculator for the first time, namely - 

How to transfer your commercial vehicle insurance policy?

As per the Motor Vehicles of 1988, it is illegal to drive your vehicle in India without having at least a basic valid insurance policy.. There are majorly two types of commercial vehicle insurance policies available in the market today, namely, a third-party commercial vehicle insurance policy and a comprehensive commercial vehicle insurance policy.

While a third-party commercial vehicle insurance policy is mandatory by law, a comprehensive commercial vehicle insurance policy is better preferred if you wish to get extensive coverage for your vehicle.

 

To help you insure your newly purchased commercial vehicle, here is a step-by-step process for the same -

What is covered by the used commercial vehicle insurance policy?

We, at IFFCO-Tokio, provide you mainly two types of commercial vehicle insurance policies, a third-party commercial vehicle insurance policy and a comprehensive commercial vehicle insurance policy.

While a third-party commercial vehicle insurance policy only covers you against the financial liabilities of the damages caused to the third party in an accident, a comprehensive commercial vehicle insurance policy gives you much wider coverage.

To help you understand better, here is a list of what is covered by the comprehensive used commercial vehicle insurance policy -

Why choose IFFCO-Tokio?

●       We have over 20,000 branches and agents across the country.

●       We have 20+ years of experience in the insurance industry.

●       IFFCO-Tokio is trusted by over 1,00,000 individuals across India.

●       We are proclaimed as the winners of Asia's Best General Insurance Company' in 2nd Asia's Best & Emerging Insurance Company Awards 2021.

●       IFFCO-Tokio has a high claim settlement ratio across various insurance categories.

●       We provide you 24/7 claim assistance and customer care services.

FAQ’s

What information is needed to use the used commercial vehicle valuation online calculator?

You would need a little information about the used commercial vehicle when using a used commercial vehicle valuation online calculator, like the vehicle’s date of registration, make, model, manufacturer name, manufacturing year, and so on. Do remember that the information required to estimate your premium differs from calculator to calculator, and thus utilizing the used commercial vehicle valuation online calculator from different sites would also require a different set of information.

What information is needed to use the used commercial vehicle valuation online calculator?

You would need a little information about the used commercial vehicle when using a used commercial vehicle valuation online calculator, like the vehicle’s date of registration, make, model, manufacturer name, manufacturing year, and so on. Do remember that the information required to estimate your premium differs from calculator to calculator, and thus utilizing the used commercial vehicle valuation online calculator from different sites would also require a different set of information.

Do I have to upload any document to run the used commercial vehicle valuation online calculator?

No, there is no need or requirement of uploading any document to run the used commercial vehicle valuation online calculator. 

Is the used commercial vehicle valuation online calculator a free tool?

Yes, the used commercial vehicle valuation calculator is a free tool that can be used infinitely by anyone as long as they have an internet connection.