How To Determine the Value of Used Bike In a Simple, Fast & Effective Way?

15 Feb 2024 |

Have you decided to sell your used bike to save up on the extensive repair cost and to get a new 
ride? If yes, then you have made the right decision to upgrade your riding experience with a new 
motorcycle and sell the existing one. 

The process to sell your second-hand bike might appear simple at first which you might think 
includes the following steps:

• Reach a second-hand bike dealer.
• Showcase your motorcycle
• Finalize the price
• And, then sell it.

Well, this process is simple but might not give you the desired old bike value. Thus, it is imperative 
on your part to follow a strategic process to sell the used motorcycle based on the following steps.

• Know the important reasons to sell used two-wheelers.
• Know the importance of doing bike valuations online.
• Follow a step-wise pattern to do the valuation

So, with no further ado, let's get started on the same.

Top Reasons to Sell Your Used Motorcycle 

Switching to a brand-new motorcycle with superior mechanical & running performance is not the 
only reason to sell your used bike. There are other viable reasons that you can consider before 
selling the existing motorcycle followed by doing two-wheeler resale value on a trusted platform.

• Arrange money fast to buy a new ride: If you are looking forward to buying a brand-new 
  and mechanically superior bike of the new age, then definitely you need funds to do the right 
  thing. In the last five years, the price of two-wheelers, especially of BS6 models has 
  increased to an optimum extent. So, if you are running short of cash, then prepare to sell the 
  existing motorcycle and finance your next ride in a hassle-free manner.
• Tired of doing extensive repairs on old bikes: The older vehicle demands extensive 
  maintenance, regular check-ups, and repair work. Undoubtedly, all the old bike owners, 
  including you face challenges to perform frequent repair work and change of parts. This 
  brings additional stress to your pocket and consumes much of your time to do the repair 
  work. Thus, prevent all such hassles by finally bidding farewell to the existing ride and 
  laying hands on a brand-new vehicle.
• Getting degraded mileage from the existing ride: Another significant reason to sell 
  second-hand bikes at the earliest is due to not getting the desired mileage from the ride. As 
  the vehicle ages, its engine performance starts degrading and so does the fuel efficiency. 
  Continuous disruptions in existing motorcycle mileage exert additional pressure on your 
  transportation funds. This gives you an opportunity to finally sell the bike and upgrade to a 
  new one with better mileage efficiency.
• Upgrade to a better-looking ride: The current motorcycle you have still helps you travel 
  within the city and sometimes on long routes. However, you might not get the same level of 
  riding comfort, power, and speed, just like you used to get it in the past. Or perhaps, you 
  want a better bike seating position, acceleration, and improved looks. So, switching to a new motorcycle and selling the old one is the right move to meet your expectations.

Key Reasons to Know Resale Value of Second-Hand Bike

Knowing the current worth of an existing motorcycle will help you proceed further to sell it to a 
reliable buyer. In light of this, here's a list of important reasons to know the bike's true value in 
advance.

• By doing a real-time valuation of your used motorcycle, know its real worth. Alongside, 
  know how much amount you will get after reselling the same to a potential buyer.
• Once you know the valuation of a second-hand two-wheeler, you don't just get to know its 
  current worth. It even provides you the opportunity to perform necessary repair work, 
  change spare parts, add accessories, and do required modifications to increase its value.
• The current value of the used motorcycle will further help you negotiate with the buyer and 
  lock in the best reselling price.

How To Do Valuation of Second-Hand Bike Online?

Now, we come to another important part of the discussion. How to perform a valuation of your 
second-hand motorcycle? 

To do the same, rely on the Wheels of Trust (WOT) platform to follow a step-by-step process of 
knowing the worth of a bike. WOT is a trusted platform, owned by the leading two-wheeler 
manufacturing company, Hero Motocorp. 

Step-by-step process of bike valuation

Step-1: Add Vehicle Details

• Add information related to your motorcycle like the type of two-wheeler (Motorcycle, 
  Scooter, or Moped)
• Add the state where you want to sell the two-wheeler.
• Add the city from where you want to sell the ride.
• Enter your PIN.
• Select the motorcycle's brand.
• Select the model.
• Select its registration month & year.
• Proceed ahead.

Step 2: Add Vehicle Condition Information 

Here in this step, you have to select options related to the real-time condition of your existing 
motorcycle.  

Answer the following set of questions:

• Is there any Smoke coming from the silencer?
• Is there any problem in Starting the vehicle?
• Is there any problem in the working of Lights & Indicators?
• What is the condition of the Front Tyre?
• What is the condition of the Rear Tyre?
• What is the condition of the Body Parts?
• Proceed ahead

Step 3: Add Personal Details  

In this step, you are required to add some of your personal information based on the following: 

• Full name
• Mobile number
• Enter the OTP received on your entered mobile number
• Proceed ahead

Step 4: Know the Value 
In this part of the bike valuation process, you will get to know the estimated reselling price of your 
motorcycle, scooter, or moped. Also, find a list of nearby dealers based on your entered PIN to sell 
the motorcycle accordingly.  
Concluding Thoughts 
In conclusion, selling your used motorcycle is no longer a cumbersome process. Even knowing its 
current value is simple and effective. Simply rely on the Wheels of Trust (WOT) platform to 
perform a seamless valuation of your bike within a few minutes. And, then proceed ahead to 
arrange additional cash to buy the dream choice of a motorcycle with ease.

Frequently Asked Questions 
1. What is Wheels of Trust? 
Wheels of Trust is a two-wheeler valuation online platform that allows you to know the current 
worth of a ride and decide whether to sell or exchange it. 

2. Can I sell my bike on WOT? 
Yes, you have the flexibility to sell your existing two-wheeler on the WOT platform without going 
anywhere else. A trusted range of lenders are available to buy your existing ride and give you the 
best price. 

3. What is the exchange option on the WOT platform? 
It means you can sell the existing two-wheeler to the WOT platform and in exchange buy a brand 
new Hero Motorcycle or scooter at a lower price. 

4. Can the value of the bike be changed? 
Yes, the valuation of your existing two-wheeler can be changed. It can increase or decrease 
depending on the current condition of your ride.