Consider these 4 things before buying a second hand bike

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04 Aug 2023

Read about Considering these 4 things before buying a second-hand bike. For more information, check out the bike insurance policy from Kotak General Insurance.

Bikes have been emotions to some for ages, and to be precise, 8 out of 10 men love motorbikes. But not everyone can afford a new bike, so they prefer a second-hand alternative with bike insurance. Pre-owned bikes are available at a better price range that can fit anyone’s budget. People have shifted to personal commuting since the pandemic broke, and it is practiced to date.

If you purchase a second-hand bike, you can get a good deal, but you need to consider these four significant pointers before buying a second-hand bike.

Budget

Money is the first thing you need to consider. Do your financial plans in a way that you are left stranded and later regret buying a motorcycle.

Set your budget according to your monthly income, keep aside your daily or monthly expenses, and see how much you are left with. Keep aside a few amounts for the bike, and invest the rest of the money (if you want to).

Check the following documents

The following documents must be checked (without fail) to ensure you are buying a legitimate one:

Service book: A service book helps you understand if the bike has been adequately maintained over the running period.

Pollution certificate: A certificate stating that the pollution caused by the bike is under control is mandatory.

NOC: It is mandatory to check a No Objection Certificate (NOC), which says the bike is being transferred from one owner to another from the RTO where the vehicle is registered.

RTO and sales receipt: You will need forms 28, 29, and 30 to complete the transfer procedure.

Two-Wheeler insurance policy: Having a bike insurance policy is mandatory as it can protect you from theft and damage caused due to natural disasters or other unfortunate events.

Examine the bike properly

Used bikes can be a cause for regret later on. To avoid this, inspect the bike before purchasing it. The following are the points to examine:

Lights: One of the major parts that get damaged is the headlights. Either the wire or the bulb doesn’t work.

Brakes: Check for spongy brakes. This part might seem simple, but it is one of the most critical components.

Suspension: The suspension might behave weirdly after a long run. It might feel spongy and unresponsive at times.

Engine: Motorbikes with bad engines might be low-priced, but it can be the worst decision of your life. You can quickly notice annoying piston noise or clicking sounds as well. In addition to this, remember to check the oil leaks.

Rust: You can quickly determine if the motorcycle is taken good care of by checking if there is any rust on it.

Test drive

Lastly, remember to take the bike on a ride to check if you are buying the right one. This way, you can check the clutch, throttle response, gear level, and many more such factors.

Conclusion

Now that you know what to do before buying a second-hand bike, you are ready to buy your dream bike. Also, remember second-hand bikes with proper Two-Wheeler insurance can be great in the long run at a compelling price range.


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Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.