Old is Gold

As interest in lifestyle motorcycling increases and niche segments grow, the used motorcycle market is also maturing in India. Many riders are buying premium motorcycles and often upgrade after just a handful of years. Motorcycle prices have also skyrocketed along with enthusiasts’ keenness. This brings us to an interesting juncture in the Indian market, where exceptional value can be had by diligently searching for a much-desired machine to satisfy the adrenaline junkie within, without blowing a hole in the pocket. Market on the move The market for pre-owned two-wheelers, which was largely informal and unregulated, is now quite organised. There are multiple online marketplaces, offering certification, financing and even warranties. Approximate numbers in the used automobile market suggest that there are now as many used cars being sold in the country as new cars. This trend is visible in motorcycles as well. Larger disposable incomes, better financing options and a changed mindset towards premium motorcycles translate into owners selling anywhere between three and six years of purchase. Choosing the right source A customer typically has three avenues to purchase from: online platforms, used-bike dealers, or direct purchase from an individual. Online platforms conduct multi-point inspections and manage ownership transfer, insurance, and service history. Some also offer loans through their partnerships. Local used-bike shops remain popular, especially in tier-2 and tier-3 cities. Many offer basic service and inspection, and some even include a limited warranty period. Purchasing from such dealers is trickier, as they could have wildly varying reputations. On the other hand, buying directly from an owner is often the most cost-effective, but it is also the riskiest. As there is no third-party verification, one must independently verify the condition, paperwork, and ownership. Pre-purchase planning Before you begin your search, be clear about your requirements— what’s the primary use of the motorcycle? Research about suitable models accordingly and read reviews about common issues faced by these machines. Visit online platforms to gauge average market prices in your city for the shortlisted models.

How to go about the inspection Once you identify a potential motorcycle, contact the seller and ask for the bike to not be started before your visit. At the first interaction, check if the engine is cold. Many issues in an old bike can get glossed over once the engine has warmed up. And even before inspecting the motorcycle, check the paperwork first and foremost. Ask for the original Registration Certificate and verify the vehicle, chassis and engine numbers on the machine. Check the insurance policy and see if it is valid. Ask for the original purchase invoice, as it lends authenticity, as also the service history of the bike. Once you are satisfied with the paperwork, only then focus attention on the motorcycle. The following checks are recommended: — Engine condition: Perform a cold start and observe for smoke, odd noises, oil leaks or vibrations. — Frame and paint: Check for signs of rust, accident damage, or repainting. These could indicate prior collisions. — Suspension and bearings: Look for oil leaks from forks or shock absorbers. Ensure that the wheels spin freely when the bike is on the centre stand. — Consumables: Tyres, brake pads, chain sets, and clutch cables should be examined. Worn-out components can add significantly to post-purchase expenses. — Electricals: Test headlights, indicators, horn, and battery. Improper wiring can suggest poor maintenance. If all goes well, take the bike for a test ride. Ensure the test ride is long enough for you to be satisfied with the working condition of the bike. Keep an eye on the handling, brakes, acceleration, fuelling and listen for any unusual noises. If the test ride goes well, you will need Forms 28, 29, 30 (for ownership transfer). If applicable, Form 35 (if financed) is also required. If the vehicle was previously under loan, a No Objection Certificate from the financier is mandatory. Pricing benchmarks The key to finding a fair price is to check the average asking price for the same model, year and condition by other sellers. Check the insured value of the bike and the purchase cost as per the original invoice. This gives you a good starting point. You also need to add to your cost any aftermarket accessories. Negotiations should also account for consumables that may need replacement and any minor repairs identified during inspection. It is better to pay a little extra for a motorcycle owned by a true enthusiast, rather than getting an unloved machine for cheap. With a little bit of research, legwork and asking around, you can easily get a machine in premium condition that does not create a hole in your wallet. The final word on finding a used motorcycle — patience! — The writer is an automotive journalist

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