In today’s time when traffic jams have become common on the roads of cities, two-wheelers are proving to be lifesavers. Narrow roads, traffic everywhere and lack of time, amidst all this, bike is the easiest and most economical transport option.
Whether you have to go to office, reach college or plan a long ride on the weekend, bike fits everywhere. But the question arises whether to buy a new bike in a limited budget or it would be better to buy a used bike?
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Benefits of New Bike
The biggest attraction of a new bike is its technology and freshness. In the latest models you get advanced features, better safety and comfort. The riding experience is also completely new and smooth, as if you are writing your story on a blank page. Talking about performance, new bikes give a butter-smooth ride without any surprises.
Warranty is another plus point, which reduces the worry of maintenance to a great extent. Along with this, the option of customization is also in your hands, whether it is design, colour or variant, you can choose everything as per your choice.
Disadvantages of New Bike
Along with the benefits, new bikes also have some limitations. The biggest problem is the high initial cost. This can become a big financial burden for buyers with a limited budget.
Apart from this, the depreciation value of a new bike is also fast, that is, the value can decrease by about 50% in the first five years. Extra expenses like RTO charges, registration, and high insurance premium put more burden on your pocket.
Benefits of Used Bike
If a practical approach is adopted, then used bikes are a gold mine for budget buyers. The first benefit is cost-effectiveness, that is, you can get a bike at half or even less than the price of a new model.
The depreciation value has already fallen, so you will not suffer much loss in the future. The insurance premium is also quite low. The best thing is that if you have to resell it later, then the value loss will not be as big as in a new bike.
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Disadvantages of Used Bike
The biggest risk of buying a second-hand bike is the vehicle history. Sometimes the original documents and actual condition are not clear. Duplicate parts can be fitted, which increases the maintenance cost in the long term.
The warranty option is also almost negligible. There is a high possibility of frequent maintenance and unexpected repairs. Therefore, while buying a used bike, it is important to buy it from a trusted dealer and get the vehicle verified.