Buying a big bike is always a dream for any motorcycle enthusiast. However, most premium bikes old in India either come via the CBU (completely built unit) route or as a CKD (completely knocked down) model. Such motorcycles attract heavy taxation and are thus expensive, staying out of reach for many. So, if you are looking for a premium motorcycle on a budget, then going for a pre-owned bike is the most practical and economical option. And here are 5 major benefits of buying a used motorcycle.
Also Read: Buying Used Two-Wheelers: Top 6 Motorcycles In The Used Two-Wheeler Market
Used motorcycles are way more affordable than their brand-new counterparts.
1. They Come Cheap
The simple and most obvious benefit is, of course, the price factor. Used motorcycles are way more affordable than their brand-new counterparts, and in some cases, the difference could be as big as 50 per cent. So, if you are patient enough to find the right deal then you’ll not only end up saving a lot of money but might also be able to buy your dream motorcycle, which as a brand-new vehicle, might have been out of your budget.
Also Read: Buying Used Motorcycles: Value For Money Models In India Under Rs. 50,000
2. No Extra Cost
There are no added costs involved when it comes to purchasing a pre-owned vehicle. All the overhead costs like registration, road tax and other RTO charges have already been paid by the first owner. Whereas you, as a used motorcycle buyer, only need to pay a fixed amount which you and the existing owner of the vehicle decide upon, based on the current valuation of the bike. You might have to bear the cost the vehicle transfer cost, but if you negotiate well, you can make the seller take of it for it.
Used bikes retain better resale value and you can get nearly the same price for it if the vehicle is kept in a good condition.
3. More Bang For Your Buck
The depreciation rate of a used premium bike is much lower than that of a brand-new vehicle. A motorcycle loses nearly 50 per cent of its value during the initial 3-5 years of its purchase. Post that the rate of depreciation slows down. Considering an average premium bike owner sells his/her motorcycle in 5-6 years, you are not only getting the bike at a much lower price, but if you end up selling it after a few years, you can get nearly the same value for it if the vehicle is kept in a good condition.
4. Cost Less To Insure
The older the vehicle, the lesser will be the cost of insurance. Motor vehicle insurance premiums are calculated based on the market value of the vehicle, because a used vehicle has already lost most of its value due to depreciation the insurance premium you end up paying will be lesser compared to that for a new motorcycle. Also, when you buy a new bike you have to pay for 5 years’ worth of insurance, however, in the case of a used bike you can buy for just a year and renew it later.
Most premium bike owners tend to spend on aftermarket accessories, and in most cases, the owner sells the bike with all the accessories.
5. You Can Extra Goodies
Most premium bike owners tend to spend on aftermarket accessories like a nicer exhaust, a better ECU kit, tank pads, and if it’s an adventure tourer motorcycle then possibly even some nice auxiliary lights, and panniers. In most cases, the owner sells the bike with all the accessories because most of them are specific to that particular motorcycle. So, in addition to the motorcycle, you can get a bunch of extra accessories that you might not want to purchase separately, which will be much more expensive.