Buying new vs. used motorcycles know the pros and cons

Bike riding is one of the best experiences and many prefer the independence that it gives while commuting from one place to another. Therefore, the need for bikes has always been high. As per financial situations many people either purchase a new bike or a used motorcycle. Choosing which to buy is one of the crucial decisions. Choosing a new bike vs a second-hand bike has its own set of pros and cons. This article will help you understand what to consider while purchasing a new or used motorcycle thus will help you in making informed decisions.

What are the advantages or disadvantages of buying a new motorcycle?

The advantages of buying a new motorcycle are as under:

1. Latest technology: if you choose to buy a new motorcycle you will be getting the latest technologically advanced vehicle like GPS, Mobile charging point, etc. These features shall not be available in the used motorcycle.

2. Warranty: New bikes come with a warranty in which if any fault occurs then the company shall cover for it. Warranty offers peace of mind to the buyer as he doesn’t have to worry about the malfunction of the vehicle.

3. Performance: Since the bike is brand new the performance of the vehicle will be top-notch. The mileage of the vehicle shall be great, the bike shall be smooth to ride, and the tyres shall be in great condition thereby ensuring utmost safety.

4. First-hand owner: as the bike is brand new, you shall be the first owner of the vehicle and since the bike has not run you can experience world-class driving experience with great average.

5. History: buying a new bike ensures that the bike has no back history and is like a clean slate where new journeys can be experienced.

The disadvantages of buying a new bike are as under:

1. Not pocket-friendly:
   New bikes are expensive no doubt they offer more advantages as they are technologically advanced but still, they cost high as compared to used motorcycles.

2. Bike insurance:
   The premium amount of the two-wheeler insurance plan for the new motorcycle is higher as compared to the used motorcycle.

3. Depreciation:
   Depreciation is part of the buying so even if the vehicle is recently purchased the depreciation is charged the moment it is purchased.

What are the advantages and disadvantages of buying a used motorcycle?

The advantages of buying a used motorcycle are as under:

1. Low Cost: the price of the used motorbike is less as compared to the new bike.

2. Low Insurance: The bike insurance premium is less as compared to the two-wheeler insurance premium of a new bike. It is best to undergo a bike insurance check before buying a used motorcycle.

3. Variety: choosing to buy a used motorcycle opens up options for sellers whether private or dealer to purchase the vehicle.

The disadvantages of buying a used motorcycle are as under:

1. The used vehicle will have a history of mileage, repairs, etc. It is best to get the used motorcycle checked by an authorised dealer or mechanic to confirm the history of the vehicle before purchasing it.

2. Used motorcycle maintenance costs are higher as compared to new bikes. Sometimes unexpected repairs are also a part of buying a used vehicle.

3. It is best to get the valuation of the vehicle before purchasing a used motorcycle. You can get the valuation done from online resources.

Final thoughts

Thus, in this manner, one must evaluate the pros and cons of buying a new vs used bike as per individual preferences. To know more, visit Zurich Kotak General Insurance.

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