Protect Your Two Wheeler From All Kinds Of Risks

Comprehensive, Third Party And Own Damage Bike Insurance At Tempting Premium

Protect Your Two Wheeler From All Kinds Of Risks

Comprehensive, Third Party And Own Damage Bike Insurance At Tempting Premium

Bike with High Resale Value

  • Author :
  • TATA AIG Team
  • Published on :
  • 06/02/2023

India, one of the world's largest two-wheeler marketplaces, is noted for its explosive growth in bike demand and sales. Also, bikes are one of the most convenient and refreshing ways of transportation. Bike riders can simply avoid the annoying traffic and reach their destination faster.

Apart from the prosaic chore of getting you to work on time, it also lets you go for long rides on less-used routes, allowing you to explore the undiscovered. Riding a bike gives you a sense of freedom and limitlessness and requires less maintenance than four-wheelers.

However, do all motorcycles have a high resale value? — No, they do not.

Some motorcycles are a fan favourite, and no matter how old they grow, their allure never fades, but others die young. Purchasing bikes with a good resale value means that they will sell like hotcakes on the used bike market. But what makes these motorcycles valuable? Highly dependable engine, exceptional performance, dashing appearance, rave customer feedback, and much more.

But did you know that one more thing can increase your two-wheeler's resale value? It is purchasing a bike insurance policy and several riders/add-ons. Besides, having bike insurance is a legal mandate, and it also has many other benefits.

Why Should You Get Bike Insurance?

Comprehensive insurance for bikes provides optimum coverage for your bike and protects you from expenses related to accidental damage repair and third-party liabilities. Yet you may need to add another layer of protection and choose add-on covers.

You may extend the life of your bike's engine by using add-on covers in addition to your two-wheeler insurance policy. Because add-on covers extend the engine's life and hence the bike's life, they also aid you in raising the resale value of your two-wheeler. Because of add-ons, your bike is kept in top shape. At Tata AIG, we provide a range of add-ons alongside long-term two-wheeler insurance policies at competitive rates. So, if you want to raise the resale value of your bike, do cover it with several add-ons. For more details regarding add-on covers, you can simply contact us or navigate to our official website.

Moving on, continue reading to learn more about good resale value bikes in India. It will help you get the most bang for your buck, in case you are searching for a used bike. The bike models listed here are from some of the top bike brands.

Top Bike Models with High Resale Value

The following are a handful of the most thrilling and best-selling bikes in India. These are also considered the best resale value bikes in India for their popularity. Look at this:

  • Royal Enfield Bullet Electra 350

The Royal Enfield Bullet is more than simply a motorcycle; it is a fan favourite with sentimental value tied to its name. When you think of Bullet, you think of a cross-country road journey to Leh, and its reasonable 35 kilometres per litre mileage backs it up. It has a 346 cc engine displacement system together with a 5-speed transmission. When it comes to purchasing and selling second-hand bikes, the Bullet Electra 350 remains one of the best resale value bikes in India; after all, who would not want to flaunt a Royal Enfield Bullet?

  • Honda CB Unicorn 150

Honda's CB Unicorn 150 is an excellent motorcycle and is one of the high-resale value bikes in India. It is powered by a 150cc engine with a mileage of 60 kilometres per litre. A 13-litre engine provides power to the power plant. The Honda Unicorn is notable for being the first motorcycle in India to use mono-shock suspension. Overall, it's a fantastic bike with excellent resale value.

  • Hero Splendor Plus

The Hero Splendor Plus is a fan favourite when it comes to family motorcycles and commuting for all the good reasons. It has a 97cc engine and gets up to 65 kilometres per litre, which stays consistent even after years of riding in the city. A ten-litre fuel tank complements the engine. The Splendor Plus's affordability, comfort, and mileage make it an ideal bike.

  • Hero Passion Pro i3S

Well, Passion Pro i3S is a fantastic upgrade to the original Hero Passion. Both of these bikes are popular commuting models that are reasonably priced if you want to sell your bike online. The Hero Passion Pro i3S has a 97cc engine that produces 85 kilometres per litre. A tubular twin cradle frame chassis provides additional functional support.

  • Royal Enfield Classic 500

Okay, Royal Enfield is more than simply a motorcycle; it is a religion. Show off your bike's vintage retro design components from the luxury Royal Enfield brand. A popular bike on the market, it is the greatest bet for young riders. A circular headlight and a single saddle complete the retro style and increase its attractiveness in the crowd. The Classic 500 is powered by a 499 cc fuel-injected engine that generates 41.30 Nm of torque and 27 horsepower. This bike provides better power and performance.

  • TVS Star City Plus

TVS Star City Plus has been in the market for a long time and has endured the test of time. Its ten-litre fuel tank steers a 110 cc engine, which provides up to 70 kilometres per litre. The rear suspension has dual shocks to comfortably ride over city speed breakers. All of these qualities make it a popular bike all year and a big hit with kids.

  • Honda CB Shine 125cc

Well, Honda raised the standard in the motorcycle industry when it introduced the CB Shine 125cc. And when talking about bikes with a good resale value, Honda CB Shine surely makes it to the list. As a result, the bike had to be on the list of the most popular motorcycles with high resale value.

It has a 125cc engine with a maximum power output of 7500 rpm. It is an excellent value bike that is usually encountered in congested urban locations. The CB Shine's mileage of 65 kilometres per litre is more than adequate for daily use. Consider the used version of this bike as one of your top options for buying online at a fantastic resale value.

Bike Models and Prices

Listed below are the bike models along with their ex-showroom prices* (₹) in New Delhi:

Bike Model Ex-Showroom Price* in New Delhi
Royal Enfield Bullet Electra 350 ₹1,90,092
Honda CB Unicorn 150 ₹72,633
Hero Splendor Plus ₹72,076
Hero Passion Pro i3S ₹67,400
Royal Enfield Classic 500 ₹2,02,000
TVS Star City Plus ₹74,990
Honda CB Shine 125cc ₹77,378

Factors Affecting Your Bike's Resale Value

When it comes to reselling motorcycles, a variety of things influence their worth. Understanding such situations can allow you to get a higher price for your bike. Some of these elements are as follows:

  • Bike's Condition

It's stated that the first impression is the last impression; similarly, a bike in top-notch condition will yield a higher return on sale than one with dents, scratches, rusty worn-out parts, and so on. Even if the motorbike is rideable, its condition will undoubtedly have a significant influence on its resale value.

  • Bike's Mileage

A consumer always evaluates a car based on its mileage. It is a legitimate and sensible issue because a bike's mileage makes it both cheaper and more expensive to ride. If a two-wheeler vehicle gets decent mileage, it indicates that it has a strong service history, which will undoubtedly increase its resale value due to its capacity to provide affordable journeys.

  • Bike Demand

Some motorcycle models are far more popular than other bikes and scooters on the market. Some of these are also quite popular since they are limited-edition versions. If your bike is one of those, the resale value of your bike will most likely be greater, and you may be able to receive a fair price for it when you sell it.

  • Modifications to the Bike In general, bike owners are eager to have their motorcycles customised to give them a unique appearance. Such alterations can also impact the final price of your bike when you sell it. If the customised alteration improves its overall look and performance, the resale value may increase, but if the modifications are eccentric or unappealing, the resale value may suffer.

The Bottom Line

You are now aware of some of the top resale value bikes in India. If you are looking to buy one, make sure to thoroughly investigate your options and choose one that suits your needs and interests.

Don't forget to purchase a Tata AIG comprehensive two-wheeler insurance policy for your bike. According to the most recent Motor Vehicles Act, you must cover your bike with a two-wheeler insurance policy. So, why wait? Contact us to take this alliance forward.

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