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Tips To Buy a New Two Wheeler

By Finserv MARKETS - Dec 25,2019
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Tips To Buy a New Two Wheeler

Two-wheeler is the most convenient option to commute through the busy roads and narrow lanes of the city. It also saves time and money and is one of the most comfortable modes of transport.

However, buying the right bike for yourself can be confusing, especially with several brands offering multiple features at an affordable price. After all, buying a new bike is a long term investment that will reap you benefits for years.

In this article, we will be discussing a few tips that will help you make a big purchase. Following are six tips for buying a new bike in India.

  • Do You Want A Bike Or A Scooter

The primary difference between the bike and scooter is the absence of gear in the latter. Scooters are quite easy to handle. Apart from this, it offers a storage unit, is easy to ride, and available at a low cost.

Bikes offer more control and stability to you (the rider), allowing you to reach your destination comfortably. Most people in India prefer a motorcycle because of its powerful engine that lets you travel distances effortlessly.

  • Budget

Depending on your affordability, you will get to choose from a wide range of motorcycles. The most affordable range in the bikes is between INR 45,000 and INR 60,000 in India. The country is also an emerging market for high-end motor manufacturers. So, according to your preference, you can choose from cruisers to sports bikes.

  • Fuel-Efficiency Of The Bike

Before you finalize the purchase of the bike, fuel efficiency is another factor that needs to be taken into consideration. The model you choose should give good mileage as it will lower your daily fuel expenses. Mileage is calculated based on the distance the bike can cover in 1 liter of fuel. Fuel efficiency is different when riding a bike in the city and on highways.

  • Other Customer Reviews

To know the bike’s overall performance before the purchase, check customer reviews. Look for comments and suggestions given by the people who have been using the same model. Customer reviews will provide you with information on engine performance, fuel efficiency, on-road performance, and issues.

  • Availability Of Maintenance Centers

Over time, a few components of your bike need maintenance and care. Thus, you must service your bike from time to time to maintain its top-notch performance. When you buy a new bike, make sure that the components are readily available in the market or at the service centers near you.

  • Bike Insurance

With a new bike comes bike insurance. Third-party bike insurance is mandatory under the Motor Vehicles Act, 1988. However, third party insurance offers limited coverage. In that case, you should opt for comprehensive insurance. With comprehensive coverage, you and your bike will be financially protected in case of accidents, theft, and loss due to natural or man-made disasters.

You can opt for comprehensive insurance with us at Finserv MARKETS. With Bajaj Allianz two wheeler insurance available on our platform, you can benefit from features like extensive coverage, cashless claim settlements from over 4000+ network garages, 24×7 roadside assistance, hassle-free renewals, and more.

So, don’t wait. Insure your new bike with us today. You can also read about how to renew bike insurance by visiting our online platform.

Finserv MARKETS, a subsidiary of Bajaj Finserv, is a one-stop digital marketplace that has been created for consumers on the go. It offers 500+ financial and lifestyle products, all at one place. At Finserv MARKETS, we understand that every individual is different. And that’s why we have invested in creating a proposition – Offers You Value. A value proposition that ensures you get offers which are tailor made for you. We also offer an amazing product range and unique set of online offers across Loans, Insurance, Investment, Payments and an exclusive EMI store. Be it in helping you achieve your financial life goals or offering you the latest gadgets, we strive to offer what you are looking for. From simple and fast loan application processes to seamless and hassle-free claim-settlements, from no cost EMIs to 4 hours product delivery, we work towards fulfilling all your personal and financial needs. What’s more! Now enjoy the same benefits in just one click with our Finserv MARKETS App.

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Bajaj Finserv Direct Limited ("BFDL"), erstwhile Bajaj Financial Holdings Limited is a registered corporate agent of Bajaj Allianz Life Insurance Company Limited and Bajaj Allianz General Insurance Company Limited under the IRDAI composite registration number CA0551 valid till 10-Apr-2021. BFDL also renders services to Bajaj Finance Limited (‘BFL’) and Bajaj Housing Finance Limited (‘BHFL’) (referred hereinafter as ‘Lending Partner’) in sourcing of customers, providing preliminary credit support activities, fulfilment services and post-acquisition customer services related to lending business. Registered Office: Bajaj Auto Limited Complex, Mumbai – Pune Road, Akurdi, Pune – 411 035 CIN: U65923PN2014PLC150522