Whether you want to buy a new or a second-hand vehicle, the decision can be daunting. A new two-wheeler offers you a warranty and the option of choosing from many different models, but with used two-wheelers, buyers have no such benefits.
Buying a 2 wheeler is an important decision. You might not want to go ahead with the decision if you don’t know how to differentiate between the good and bad used 2 wheelers. This article will help you in exploring some of the factors that affect your decision to buy used two wheelers.
But despite this, there are some advantages to buying used 2 wheelers.
Used bikes offer buyers more choice in terms of features and price and also the opportunity for customizing them to suit their needs. Bikes that are more than 15 years old cannot be sold in India unless they have been converted into an electric vehicle which makes them very rare for purchase on the open market.
The best way to save money when you buy a two wheeler is by buying a used bike. They are as follows:
Most premium bike owners will spend money on aftermarket accessories such as a nicer exhaust, a better ECU kit, tank pads, and possibly some nice auxiliary lights and panniers if it’s an adventure toured motorcycle.
Most of the time, the owner sells the bike with all of the accessories because the majority of them are unique to that particular motorcycle. As a result, in addition to the motorcycle, you can get a slew of extra accessories that you may not want to pay for later. It hardly matters whether it is a second hand or a pre-owned motorcycle.
The two-wheeler market has seen a significant increase in recent years. This is due primarily to the affordability and convenience that this mode of transportation provides. Almost race-worthy, enhanced models of motorcycles that can glide through traffic on and off the roads have also entered the market.
The introduction of electric two-wheelers has given the ordinary motorcycle an eco-friendly makeover, meeting the need for a more sustainable fuel technology in this mode of transportation. In addition, compared to eco-friendly cars, electric bikes have lower maintenance costs and require fewer maintenance activities. Because the battery is smaller, charging times are also shorter.
Renewal of Third-Party Insurance Requirements
- Existing policy as a model
- Certificate of registration of your Two-Wheeler
- Debit Card/Net Banking information for payment
Know about the third party insurance cover for pre-owned two wheelers
Third-party two-wheeler insurance covers a third party who has suffered a loss as a result of an accident involving the insured two-wheeler. It does not provide insurance coverage for either the bike or the owner. Third-party liability insurance for the insured two-wheeler is required. You will also be compensated for any physical disabilities.
Third-party liability insurance is simple to obtain and requires little documentation. It is the most cost-effective type of auto insurance. If your two-wheeler is responsible for causing bodily harm or death to a third party, the injured person or persons can seek reimbursement for medical expenses through your third-party insurance policy if he or she is disabled or unable to work.
Why should one buy from a reliable pre-owned/used bikes showroom?
If you drive or own the insured vehicle and suffer permanent total disability, you can make a claim under your two-wheeler insurance policy. In the event of death, loss of sight in both eyes or one limb, loss of two limbs, and loss of sight in one eye, 100 percent of the sum assured will be paid out.
In the event of loss of sight in one eye or loss of a limb, 50% of the sum assured will be paid out, and 100% of the sum assured will be paid out as compensation for permanent total disablement caused by injuries other than those listed above. Bikes24website is one of the trustworthy places where you can look out for good bikes and second hand 2 wheelers within the right budget.
Why should one renew the policy within 90 days of buying the bikes?
Contact your insurance company before your policy expires and inform them of the situation. Inquire if it is necessary to have the vehicle assessed, which will necessitate the insured scheduling a meeting with an assigned agent of the insurance company. If you want to switch from one insurer to another. The NCB can also be kept if you renew the policy within 90 days of its expiration date.
A policyholder’s insurance policy must be renewed before it expires. It is critical to ensure that your vehicle is protected against a variety of incidents that can result in financial losses throughout its lifetime. Policyholders can also keep their No Claim Bonus (NCB) and take advantage of the discounts that come with it. To avoid inspection fees, make sure the renewal is completed before the expiry date.
Why should one look for a comprehensive policy with strongly advised?
A comprehensive policy is strongly advised. However, it is your responsibility to select the best one. If you believe the riding conditions in your area are safe and free of accidents and mishaps, Third Party Coverage will suffice. The only major factor that may prevent you from obtaining a comprehensive policy is the premium amount.
You need to check out the paper works before buying it from the owner or the second hand bicycle shop. A used bike is usually cheaper than a new bike and it’s also the perfect option if you are not sure about your riding skills yet. Many people buy used bikes to save money, but they don’t know how to find the right one because there are so many variations of old 2 wheelers.
Parting Words
Given the steady rise in road accidents in India as a result of a variety of factors, comprehensive insurance will protect you against all potential liabilities and expenses. If you are purchasing a new two-wheeler, the dealer will provide insurance coverage during the handover process. Otherwise, just before the policy term expires, you can renew the Third-party cover on the insurer’s web portal under the relevant section.
