How Age & Model of Used Bike Are Responsible For Higher Valuation_

1. How Age & Model of Used Bike Are Responsible For Higher Valuation?

2. Assessing the value of a used bike covers manifold factors. Year of manufacturing, overall physical condition, mileage efficiency, mechanical performance, and other factors matter the most to decide the real-time value of the bike. These ways are crucial to determining not just the current value of a second-hand motorcycle but also tell you the running status till a particular period. So, if you have decided to sell your used two-wheeler or looking forward to buying one, then consider two major valuation factors like age and mode. Here in this blog, we will be talking about how second-hand bikes' age and particular model play a crucial role in determining their value. And help you decide, whether to buy or sell the used motorcycle as per your preference

3. Depreciating value: One of the significant factors that decide whether the used motorcycle has a higher or lower resale value is the depreciating factor. As you already know the fact that every vehicle has a depreciating value, including a motorcycle. The older the bike, the higher would be the depreciating value for a period of five years. And after five years, the depreciation values starts declining and the selling price of the used motorcycle remains more or less constant. Thus, if you want to buy a second-hand motorcycle that has a low depreciating value, then it can be availed at an affordable price. ● Age-related matter: Another major factor is the age of the vehicle. Undoubtedly, the higher would be the age of the motorcycle, the lower would be its value. It's a valuable consideration on the part of a second-hand motorcycle and ensures its proper valuation in a hassle-free manner. ●

5. Technical superiority: As you already know, two-wheelers have experienced major technical advancements in terms of functionality, performance, and riding comfort. And technical advancement comes with the particular age of motorcycles. Ultimately, if the used bike is new, then it will have state-of-the-art technology and vice-versa. Older models come packed with an average set of technicalities and might provide a nominal set of performance compared to newer bikes. ● Price of premium models: The premium range of two-wheelers is available in the past and present. But the price value is different for both sets of motorcycles. The model of the bike matters the most to decide, whether it is of premium quality or not. And accordingly, you can do the bike valuation online to know the real-time price. ●

6. The demand for bikes & popularity: When it comes to ascertaining the age of a motorcycle, customers' preferences must also be taken into consideration. There are several customers who have a real-time fascination for old classic bikes and are ready to pay the asked price for the same. On the other side, we have a section of people that prefer to lay hands on recently launched used bikes but have a limited budget to avail of the same. So, accordingly, the price differs for both ranges of motorcycles as per the customer demand. ● Vintage & classic price difference: One of the internal factors associated with motorcycle age is the classic & vintage appeal. As you already, classic and vintage-era motorcycles are popular and rare to find in the marketplace. Such bikes certainly have higher resale value owing to their uniqueness and high market demand factor. ●

8. Maintenance history: When it comes to checking the maintenance history of a used motorcycle, you will get to know its model condition and overall age factor. It has been observed that a higher set of models require a regular set of maintenance and service work. Such bikes have higher resale value in the marketplace. On the other hand, less maintenance motorcycles have decent demand and incur low resale value. ● A reliable set of factors: Related to the above-mentioned point, a second-hand two-wheeler that requires a constant set of maintenance indicates its reliability factor. The more you service a motorcycle, the higher would be its repair cost and the lower reliable factor. Therefore, you should consider the model of the used bike carefully before buying or even selling it. ●

9. Research on sales pattern: At this point, you have understood the significance of the age and model of the used motorcycle and calculated the resale value. Another imperative thing to consider is comparing the same age and model of second-hand motorcycle reselling prices in the marketplace. You can compare the same range of used two-wheelers based on age, current physical & mechanical condition, total kilometers covered, accessories, spare parts, and more. ● Consult for expert opinion: One of the important things to follow is seeking expert opinion when it comes to knowing the real resale value of a motorcycle. Receive guidance from expert vendors and second-hand bike sellers to understand the valuation factors and important things to look into. ●

11. Conclusion In a nutshell, the age and particular model year of a second-hand bike significantly impacts its valuation. You should know the depreciation trends, technological advancements, market demand, and maintenance history associated with different model years is crucial for buyers and sellers. By considering these factors and conducting thorough research, individuals can make informed decisions and ensure a fair valuation when buying or selling a used scooter. Get access to the Wheels of Trust (WOT) platform to perform second-hand bike valuation online in a matter of short time. Rely on this platform, powered by the Hero Motocorp brand that helps used bike owners to know the real-time value and decide to sell on the same site itself.

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