Buying A Used Two-Wheeler vs A New One

 BUYING A USED TWO-WHEELER VS A NEW ONE: PROS AND CONS

On the both sides new and old two wheeler's , both have their own set of pros and cons, and we have listed them down here to help you to decide which one works for you better. 

*Both new and pre-owned two-wheelers have their own pros and cons.

*A new two-wheeler will get latest features but will be more expensive.

*The used two-wheeler will be cheaper but finding a reliable one is a task.

If you are planning to buy a two wheeler, well there are two ways you can go about it - buy a brand new model, or go for a pre-owned one. Now, the latter is a more economical and practical choice. Having said that, be it a brand new two-wheeler or a pre-owned one, both have their own set of pros and cons, and we listed them down here to help you decide which one works for you.

Buying A New Two-Wheeler

Pros

1. When you buy a new Two-Wheeler from a showroom, be it a motorcycle or scooter, you are getting vehicle with all the latest features and equipment offered by the manufacturer. Moreover, the emotional feeling of buying a brand-new vehicle is certainly unmatched compared to a used two-wheeler.

2. With a new vehicle, you also get the protection of the manufacturer's warranty, which will cover any malfunction after you have bought the motorbike for the stipulated period. Also, with regards to maintenance, a new two-wheeler will have fewer to no major repairs in the first few years.

3. If you are planning to buy the vehicle on finance, then a new two-wheeler will also attract a lesser rate of interest compared to a used vehicle. Plus securing a bank loan for a new motorcycle or scooter is more seamless and you get way more options to choose from.

Cons

1. The biggest con with regards to a new two-wheeler is the price. They are way more expensive when compared to a used vehicle and you will have to pay that premium to experience that feeling of owning a brand-new vehicle.

2. With a new vehicle, there are a lot of extra costs involved like registration, road tax and other RTO charges. Depending on the kind of two wheeler you are getting these overhead costs could range from thousands of rupees to few lakhs. 

3. The depreciation rate of for a brand new two wheeler is much higher than that of a used vehicle. A motorcycle depreciates around 50 percent of its value in few years.

Buying A Used Two-Wheeler

Pros

1. Price, which is the biggest advantage comes with a used two-wheeler. Used two-wheeler are way more affordable than their brand-new counterparts, and in some cases the price is almost 50 percent lesser than that of the new one.

2. While a new two-wheeler loses nearly 50 percent of its value within the first five years, post that, the rate of depreciation slows down. So you are not only paying much less for a used vehicle, if you decide to sell it after a few years, you can get nearly the same value for it if the vehicle is in a good condition.

3. 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 and ends  up paying is much less compared to that for a new two-wheeler. The older the vehicle, the lesser will be the cost of insurance.  

Cons

1. Reliability is one of the biggest concerns when buying a used two wheeler because you don't know the vehicles history. Especially when you are buying from an unknown seller. Even a good looking vehicle have some mechanical issues after a short period.

2. Another disadvantage of buying a used vehicle is that you have any controls over some aspects of the vehicle like colour, variants features, sometimes even that particular model you are looking for. So you might have to compromise on some factors.

3. Used two-wheeler hardly comes with any warranty or maintenance package. Some used vehicle dealers might give you a warranty of 6 months but that's all about it. Also, used bikes costs a lot when it comes to some repair.