Used Two Wheeler Valuation Calculator
Two Wheeler Insurance Premium Calculator Online
Two Wheeler Insurance Premium Calculator Online
The used two wheeler valuation calculator is a helpful, digital tool that helps you know the present value of a used bike you wish to or sell.
A bike is one of the most useful and accessible vehicles available in the Indian market. Now, if you are planning to , it is of utmost importance that you get an accurate price for it. For that very purpose, brands have come up with the used two-wheeler valuation online calculator.
The used two wheeler valuation online calculator asks for multiple variables to provide you with the price of a used bike. With the marketplace for the selling and buying of used vehicles growing rapidly, it has become vital for all the parties involved to know the fair price for the vehicle.
The used bike valuation calculator allows you to know the selling price of your bike after you enter the make and model, the variant, the year of registration, and the number of kilometers driven of the bike.
To utilize a used two wheeler valuation online calculator, all you need is an internet connection on your device and information about the . Let us enumerate the procedure to utilize a used bike valuation calculator.
Log on to the website
The first thing you have to do is visit the site that provides a used two wheeler valuation calculator. You can also run a search for ‘used two wheeler valuation calculator’ to get a reliable list of results.
Enter the make and model and variant
Now, enter the brand that you , along with the model into the used bike valuation calculator. Since there are varying features even within the same model, you have to provide the variant of the bike as well.
Enter the year of registration
Now, enter the year that you purchased and registered the bike. The year of registration is required by the used bike valuation calculator because the older the bike, the lesser will be its resale price.
Click on ‘calculate’
Now, all you have to do is click on the ‘calculate’ tab and let the used two wheeler valuation online calculator do the work. The result will be visible in a matter of a few seconds.
Provide more specifics
For a more accurate price, the used bike valuation calculator will also ask you to provide specifics such as the number of kilometers the bike should have driven, the condition of the bike, and so on.
If you own a bike, whether new or second hand, you legally need to have a third party two wheeler insurance plan if you want to ride it on Indian roads. The Motor Vehicles Act of 1988 mandates this. Besides being legal compliance, a two wheeler insurance plan can help you in multiple ways, especially if it covers own damage. Let us explain.
We never know when natural calamities such as floods, earthquakes, storms, etc. might occur, causing damage to our beloved bikes. A comprehensive two wheeler insurance plan covers damages against such events.
Burglaries, theft, manmade fires, etc. are quite unpredictable as well and can cause immense damage to a used bike. Our two wheeler insurance plans cover damages caused by such incidents.
A comprehensive two wheeler insurance plan from IFFCO-Tokio covers damages that you and your bike will incur during a collision aside from coverage of third party liabilities.
The India Motor Tariff has made it legally mandatory for every vehicle owner to have a personal accident insurance plan. This cover allows you and your loved ones a compensation of Rs 15 lakhs or above if you ever suffer serious injuries in an accident.
For many, a bike, whether it is old or new, is a beloved possession. A two wheeler insurance plan grants you a sense of peace and assurance that if anything were to happen to your bike, repairs would be accessible and paid for.
As mentioned earlier, any bike owner has to have a two wheeler insurance plan as per prevalent laws. Thus, there is a high chance that the previous owner would already have an active policy. This is how you can get it transferred to your name.
Fill a proposal form
You have to apply for a transfer of the insurance plan within 14 days of the purchase of the used bike. You will have to fill up a proposal form and submit it to the insurer with several documents.
Submit the documents
The list of documents needed to be submitted includes the registration certificate, NOC from the previous holder, original two wheeler insurance plan, driving license, date of transfer of ownership, PAN and Aadhaar card, and so on.
Submit Form 29 and 30
These two documents are important to prove that the sale deed has occurred between you and the previous owner.
Pay the fee
To get the two wheeler insurance plan transferred to your name, you will probably have to pay a small transfer fee.
Verify the names
After you have submitted all the documents, the insurance company will do the rest of the work and complete the transfer process. When you receive the two wheeler insurance plan documents, remember to check that the name on them is similar to the name on the new RC.
The used two wheeler valuation calculator benefits you in several ways by telling you the price you can expect when buying a used bike. Let us look at a few such benefits of the used bike valuation calculator.
When you are aware of the price you will have to shelve out for a used bike, you can plan your monthly and annual finances accordingly. Thus, the used bike valuation calculator allows you to plan out your purchase.
People who are buying a used bike for the first time may not know what to expect. This leaves them vulnerable to unethical sellers or dealers who may overcharge. A used two wheeler prevents such a situation from occurring by giving the buyer an accurate price for the bike.
The best part of utilizing the used two wheeler valuation online calculator is that it is free to use, regardless of the number of times you wish to use it.
The used two wheeler valuation online calculator tells you the price of the used bike right after you enter the information and click on the ‘calculate’ button. Otherwise, you would be calling or reaching out to a dealer for the price with new information every time.
On the used bike valuation calculator, you can enter new information and calculate the price as many times as you want until you get a price that is suitable for you. This helps you choose a bike that is within your budget.
The result is an estimate
The result provided by the used two wheeler valuation online calculator is accurate; however, to a great extent, it is still an estimate. There will be many factors that determine the price of the used bike, some of which may be beyond the calculating capacity of the calculator.
Different calculators might result in different prices
Since different calculators work in their own unique way and require varying information, the result that occurs might be different as well. However, the different prices will still be within a particular range.
