A Guide to Help You!
Indeed, buying a two-wheeler is a complex process and the situation becomes more daunting when you want to buy a second-hand or used motorcycle/scooter. It is not as simple as visiting a showroom, choosing a model, making payment, and sealing the deal. It is a complicated task to find the ‘best’ motorcycle out of the available slot of used machines. In other words, you have to find that second-hand two-wheeler which has all the important features and most importantly, which is in a good working condition. Believe me, it is easy to choose the one when all the available options are good (here it means new), but the real test is when you have to pick the best out of the used(here it means old).
So, if you are thinking of buying a second-hand or used two-wheeler, here is a complete guide that you should follow.
- Zero in on a bike you want to buy: If you want to buy a second-hand vehicle to go out on a long journey, go with a bike which has an engine capacity of at least 250 cc. For a shorter journey, however, a sports bike with an engine capacity of upto 200 cc is fine. Though, your decision to choose a bike should be based on your preferences, follow the below tips to make things easy for you:
- Visit various dealers and websites of different two-wheeler manufacturers to find out more about the available options in the used two-wheeler category. However, the automobile market is evolving daily and today’s research may become outdated tomorrow. To ensure that you do not miss out any important deal, avoid any intermediary and approach the manufacturer directly
- Harness the power of the internet and check the online forums to read other buyers’ comments and reviews about bikes and scooters. Though, your opinion might differ, you can find some significant posts that can help you take better decisions
- Undoubtedly, nothing can beat practical knowledge and experience so talk to fellow bikers to seek their opinions.
- Check the current market value: Keep an eye on local classified sections and visit websites like droom, Quikr, etc. These websites have a vast database of used two-wheelers which can be customized to get a reliable estimate.
- Decide from where to buy: There are various ways through which you can buy a vehicle for yourself. For instance:
- A franchise or dealer allows you a test ride and gives ‘certified’ pre-owned vehicles with a complete history of the vehicle. As second-hand vehicle dealers have to sell their inventory, they do better checks and thoroughly inspect every vehicle before including it in their stock
- You can directly approach the seller and strike a deal. However, take this option with a pinch of salt. The bike, you want to buy, may not be properly inspected or you might buy a ‘stolen’ vehicle. So, go with this option only if you know the person personally or you have good knowledge of bikes
Irrespective of the option you choose, get your vehicle properly inspected by some professional because one missed detail could mean spending more money than what you had planned for. Therefore, it would be good to seek a professional help or a seasoned mechanic who will help you in long-run, even if it means, spending an extra amount.
- Go for a test ride: No matters how impatient you are for a new (yes, even if it is old it is new for you) motorcycle, it is necessary to go for a test ride to find a flaw for a last time. By looking at a bike, you can only judge its exterior beauty and to know it from depth, a test ride is inevitable. Moreover, a test ride will also help you to know whether the motorcycle compliments you or not. You certainly don’t want to go with a motorcycle which is either too tall or short for you. A perfect union of you and your bike is essential to have a smooth journey.
- Ask for a serviced history: Don’t forget to check the serviced history of a two-wheeler to ensure that the proper maintenance has been carried out periodically. This record will help you know how well-maintained this bike is.
- Verify the title and registration certificate: When you decide to go for a second-hand bike, there is always a risk of mistakenly buying a stolen vehicle. To avoid such kind of possibility, carefully check all the following documents:
- Registration Certificate (RC): Never buy any vehicle without RC even if it is available at a throwaway price. Without RC, you will never be able to get your vehicle registered and issues will crop up if you decide to sell it tomorrow.
- No Objection Certificate (NOC): Obtain a NOC from the RTO where the vehicle is registered, especially if the vehicle registration is going to be transferred from one RTO to another.
- Check insurance papers: Whether it is a fresh buy or second-hand, it is necessary to insure your vehicle with a comprehensive two-wheeler insurance policy. In case of second-hand vehicles, you have the following options available to you:
- Change the previous owner’s name on the insurance policy: You can continue with the insurance policy of the previous owner but get your name changed on it. For this, you may need to submit documents like receipts/form 29/30, etc.; to initiate the name transfer.
- Buy new policy: Various motor insurance companies are offering bike insurance policies both online and offline. You can make a comparison based on factors like reputation of the insurer, features available, premium etc.; and choose the right policy as per your need.
Though, it is mandatory to have a third-party insurance to ply a vehicle on the road, it would be good if you go with a comprehensive two-wheeler insurance policy. Unlike third party insurance policy, a comprehensive policy covers both yours’ and another person’s vehicle. Moreover, most of the two-wheeler insurance companies in India have a long list of network garages as well. It means, you can visit any of these garages and get your vehicle repaired without paying anything. The insurer will settle the claim directly with the garage.
- Strike a deal: Now when you have found the right used two-wheeler of your choice, it is the time to offer a price. At this stage, there are mainly three types of prices that you should consider:
- The seller’s price: It is the price that the seller has quoted.
- Your final price: On the basis of your homework, decide the final price that you are ready to pay.
- The price you offer: Quote a price which should be lower than your final price in order to leave a scope of negotiation. However, don’t quote a too low price as that might annoy the seller.
For others, it is the old motorcycle, but for you, it is the new purchase, so it is time for some celebration. Considering the amount of research, you have done, it is quite obvious to be excited about taking your two-wheeler on a road. I also don’t want to come between you and your bike, but I just want you to understand that as a responsible citizen, it is your duty to follow some safety rules like never ride under the influence of alcohol or drugs, obey traffic rules, avoid rash riding, etc. A slight negligence is enough to endanger your life and others who are on a road.
As discussed above, buy a comprehensive two-wheeler insurance policy, and secure yours and third party vehicle from any loss or damage. Moreover, you can go with a long-term bike insurance policy to keep yourself away from the hassles of annual policy renewal. Such type of policies offers coverage for two or three years in one go and help you save some amount as well. Further, it is feasible to buy a two-wheeler insurance policy online in a few mouse clicks from the comfort of your home.
Buying a second-hand bike is a good idea as you can save some money as well. Take your time to decide which motorcycle you should buy, given the options available. Then go for a test ride and pay all attention towards odd noises. Once everything is green, close the deal and take your bike out on a ride. Get set go…