It is true that finding the valuation of any used product is relatively difficult as several other factors apart from manufacturing cost will be involved with time. So, if you decide to buy or sell any used product especially a vehicle, you need to take into consideration a long list of important factors, to find the second hand car price. But, till date we had the feeling of dissatisfaction when it comes to valuation of used vehicles.
Though it sounds difficult, it is not impossible! You can get the fair market value of any vehicle without discrepancy or error.
Seller:
When you get bored with your vehicle and want to sell it off, you become a seller. You are well aware of the real-time condition of the vehicle and what all it has faced in the past. No one else is so aware of the fact as you are. So, while selling you will be able to convey the message much more clearly and boldly to the buyer with all the transparency. But, though you are aware of your car, you may not be able to evaluate it properly on your own. So, to assist a seller for deciding the selling price of the car as per the market value, Droom has come up with the best solution “Check Price”, which is basically a used car price calculator.
Buyer:
Buyers also need to know the fair market price of used cars before they decide to buy. If you have budget constraints or you want to have the experience a ride in pre-owned vehicle, you can surely go for buying second hand vehicle. But, as a buyer, it is your sole responsibility to check used car price and all the other factors associated with it.
‘Checking’ is the most important activity for you as a buyer, otherwise the person that is going the regret the most will be you only. But, how will you check the price quoted by the seller is genuine and fair. To validate that fact, Droom introduced the price checking tool ‘Orange Book Value’ or ‘OBV’.
OBV is India’s first and only engine that calculates the fair market price of used vehicles in just 10 seconds for free. To tackle the difficulty issues related to evaluation of the used vehicle price, Droom came up with an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters.
There are least chances that any fault or error will occur if a buyer or a seller obtain the data or used car price through OBV. This is because, it is independent of any obsolete historical data to give a fair price of any used vehicle; it is objective as it is uninfluenced and unprejudiced and only based on facts; it is unbiased as it is calculated on real time data science approach.
This is possible because OBV is based on 21st century data science and machine learning methodology to derive the accurate valuation of the automobiles.
Benefits of OBV:
- The sellers can put a fair market price report in front of the buyer and gain the trust of the buyer
- The buyers get a product at a fair market price that serves as great value for their money
Process to Use OBV:
- Select Purpose: Buy or Sell
- Select Category: Car, Bike, Scooter, Bicycle or Plane
- Select Parameters: Make, Model, year, Trim, Kms Driven and Condition
- Get OBV: Fair Market Price of the vehicle
It is easy to get hands on OBV and check used car valuation online to get the most accurate value of any used vehicle, be it car, bike, scooter, etc.
If you want to ignore the tool or even the entire concept of checking the price of used vehicle and proceed forward, you can surely do so. But, in that case, be prepared to get cheated and face loss in both buying and selling a used car. If you are fine with the idea of get cheated, you are welcome.
But, those who want to get the best value for money while buying and selling a used car, you must check and take the support of an expert.
Droom is an automobile e-commerce platform offering a 21st-century automotive buying experience online with its four value pillars including trust, selection, low price, and convenience second to none. It offers 250k+ vehicles online in 1,100 cities — both used and new. Droom deals in buying and selling cars, 2-wheelers, and other vehicles too. It is an AI and data science-driven platform designed with the best ecosystem tools. Here, we have a team of auto-experts and auto enthusiasts who are dedicated to covering every sphere of the auto industry by simplifying the procedure of buying and selling with Unified Droom Experience. To know more, click here.
