OBV Methodologyīeing the most advanced algorithmic and data science-based value calculator, Orange Book Value is the most accurate valuation tool for used cars, bike and scooters in India. For insurance companies as well, the real-time data obtained through scientific calculation helps in obtaining the current valuation of the second-hand cars, bikes and scooters. For banks and NBFCs, it helps in getting the fair pricing of used vehicles that further enhances the process of loan approvals. This is a pricing guide for used cars, used bikes and used scooters that helps in quick selling of second-hand vehicles. This valuation tool for used cars and bikes creates a transparency in the overall process. For sellers, it helps in determining the best market value for their used vehicle. This way, the buyer will not have to guess the price of a used car or bike and can be satisfied with price that he/she is paying for the product. Orange Book Value helps buyers to understand the fair value of a used car, bike or scooter. After that, you will get the exact valuation of your vehicle through Orange Book Value. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. The next step is selecting the parameters such as make, model, year, trim, etc., of the product for which you need to get the correct market valuation. After that you need to select the category of used vehicle, which is whether you have a used car, bike or scooter. At first, you need to select the purpose, that means whether you want to buy or sell the vehicle.
To get the fair market price of your used vehicle, you need to follow just four simple steps. Also, it is the kind of valuation tool for used scooters, bikes and cars that calculates the data on real-time basis with a scientific method of suggesting their current market value. The primary objective of this used-vehicle price guide is to get the fair market price for second-hand vehicles.Īnother reason for using Orange Book Value is its unbiased results that help in obtaining reliable data on used-vehicle pricing. It uses Droom's proprietary technology and data science to come up with fair market price of used cars, bikes and scooters, and utilises scientific data to get the exact value for the vehicle. Orange Book Value works as an independent value calculator for cars, bikes and scooters that determines second-hand vehicle prices.
This is a service by droom, which was founded by Sandeep Aggarwal. It helps the sellers put a fair price in front of the buyer, and for the buyers, it helps them get a product that serves great value for their money. In order to come up with a proper used car valuation or used bike valuation, Orange Book Value uses real time data science to value depreciation of automobiles. However, we do not get to understand the proper valuation of our vehicles. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off.
It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Orange Book Value is a platform that helps in determining the fair market price of used vehicles.
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