Everything You Should Know About Buying A Second Hand Bike
Published On Nov 06, 2020 2:00 PM By InsuranceDekho
When purchasing a bike second hand, there are many things to keep in mind to ensure that the vehicle you purchase is genuine and well maintained and also gives you the best possible value for money.
Purchasing a second hand bike is a common practice which helps you get a mode of commutation at an affordable price. However, there are many things to be careful of when purchasing a second hand bike. Let’s read all about the essential facts about your purchase that you should know about when buying a bike second hand.
Tips To Keep In Mind While Buying a Second Hand Bike
Following are some essential tips you must keep in mind while buying a second hand bike:
1. Keep Your Purpose in Mind
The most important thing to keep in mind is the reason you are purchasing a bike. For example, you may want fuel efficiency for long commutes. Knowing the main purpose for which you plan to use your purchase will help you select the best possible bike for your personal needs. It is also important to consider the impacts and costs not only of the bike itself but also of maintenance, insurance, etc.
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2. Negotiating the Price
The most popular reason to purchase a second hand bike, and indeed one of its biggest advantages, is to save on the cost. Therefore getting the best price for the bike you purchase is of utmost importance. If the bike has any flaws or damages the purchase price paid by you should be reduced.
3. Ensure Proper Maintenance Record
Similarly, in ensuring that you get the best value for your money, it is important to make sure that the bike is in the best possible condition. Check on its past maintenance record and if there are any gaps in the maintenance this should be reflected in the purchase price.
4. Proper Documentation
It is also important to ensure that proper documentation is present. The following is a list of document that is important to check and have available to you when purchasing a second hand bike:
- Registration certificate (RC) of the bike
- Sales receipt
- Pollution under control (PUC) certificate
- RTO forms: form 28, form 29, and form 30
- Verify the Chassis Number
It is important to verify the chassis number of the bike and to make sure that the same number is present on the plate as well as the engine. This number should also match with that of the registration certificate (RC) of the bike.
5. Bike Insurance
It is important to ensure that the bike you are purchasing is insured, or that you purchase insurance for it. Not only is this because of financial liabilities of possible damages or accidents, it is also mandatory by law.
When purchasing a second hand bike, there are numerous factors to keep in mind to ensure that you get the best possible value for money. Further, you must also ensure that all the documents are in order and the bike you are purchasing is genuine. Finally, to protect yourself from financial liabilities you should make sure that the bike is insured.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.