Considering the escalating prices of two-wheelers, second-hand bikes can be a convenient option for many buyers. But, these vehicles may not meet a new bike’s mileage and performance expectations. So, the question arises as to whether you should go for a new bike or a used one!
Keep reading to learn the benefits of a second-hand bike and a new one, and make your decision accordingly!
What Should You Buy – New or Second-hand Bike?
Consider your budget, intended use, and maintenance costs when deciding between a new or second-hand bike. New bikes offer the latest features, warranties, and potentially lower long-term maintenance.
Second-hand bikes can be more affordable but may require more upkeep. Choose based on your priorities and available resources. Check out the following sections to know more in detail.
Also read: Buying the Right Motorcycle Helmet
Advantages of Buying a New Bike
Buying a new bike can be advantageous in many ways. Here are some of them:
- Advanced Features
A new bike comes with advanced features and new technologies to offer excellent on-road performance according to the prevailing road conditions. So, you can experience optimum driving while riding a new bike. Besides, while searching for a new bike, you can check for specific features and technologies according to your preferences and select the one that matches your requirements.
- Better Mileage
When you buy a new bike, you will surely get more mileage than an old one. This is because you get the opportunity to unleash the maximum potential of the new vehicle engine. When the new engine runs optimally, it can perform better than a used one.
- Optimum Performance
Buying a new bike can be advantageous as it comes with all new components. Thus, you can rest assured of the performance level of your vehicle. You have the peace of mind to run the bike without expecting any underlying issues to lead to hefty repair bills down the line.
- Zero Vehicle History
As the first-time owner of a new bike, you don’t need to worry about the vehicle history. Thus, you can rest assured that your bike is free from any previous issues, which increases the value of a new bike more than a used one.
Things to Keep in Mind When Buying a New Bike
Below are the things you need to keep in mind when buying a new bike:
- Warranty Period
When you buy a new bike, you get coverage for any breakdowns and malfunctions within the warranty period. If your vehicle starts malfunctioning or breaks down within the warranty period, you can get free services from the workshop and enjoy an uninterrupted riding experience. So, when buying a new bike, you must carefully review the terms and duration of the warranty the manufacturer provides.
- Maintenance Cost
Consider factors like servicing, part replacements, and regular upkeep when buying a new bike. It will help you to anticipate the potential maintenance expenses in the long run. Additionally, inquire about spare part availability and pricing to ensure future affordability and convenience.
- Bike Insurance
Bike insurance is essential to protect your investment and provide financial coverage in case of accidents, theft, or damage. When selecting two wheeler insurance for your bike, consider factors such as coverage options, premiums, deductible amounts, and the insurance provider’s reputation.
Also read: Difference between Comprehensive and Zero Depreciation Bike Insurance
Advantages of Buying a Second-Hand Bike
A second-hand bike also comes with some benefits that should be considered when purchasing. Here are some of them:
- Lower Insurance Premium
The two-wheeler insurance premium depends on the bike’s market value. When you buy a second-hand motorcycle in its depreciation stage, you can save on the bike insurance premium as the bike price depreciates. Thus, you can pay a lower premium for second-hand bikes than for a new one.
- Affordable Price
You may not be able to afford a brand-new bike, but with a second-hand bike, you can fulfill your dream within your budget. Besides, it is an economical deal at cost-effective prices, as you get a bike with a few months’ older mileage. Thus, you can rest assured of the performance under proper maintenance.
- Resale Value
The depreciation price of a vehicle after the completion of the first five years becomes slow. Thus, if you intend to sell a second-hand bike, you may get approximately the same price you bought.
Also read: 12 Reasons Why One Should Buy a Used Bike
Things to Keep in Mind When Buying a Second-Hand Bike
Below are a few things that you must check when buying a second-hand bike for yourself:
- Second-Hand Bike Insurance
Acquiring a second-hand bike can be a breeze if it’s well-maintained. However, navigating through traffic on a tight schedule adds risk. Hence, opting for second-hand bike insurance is almost necessary for your safety and the bike’s protection.
- Ownership Documentation
You must verify the bike’s ownership documents, including the registration papers and service records. This will ensure the bike’s legal status and avoid any potential future ownership disputes or legal issues.
- Market Value
Research the market value of similar models to ensure you’re paying a fair price for the bike. When negotiating the price with the seller, consider factors such as the bike’s age, mileage, condition, and any additional accessories or modifications.
Now that you know the advantages of buying a new and second-hand bike, you can choose based on that. Both used and new bikes have different pros and cons, so the choice can vary depending on which one will be more beneficial for them.
