Demonetization, its Advantages & Points to Note
Everyone in India and abroad was surprised by the government's announcement to replace existing currency notes of Rs. 500 and Rs.1,000, which accounts for alm . . .
India’s automobile market is huge with a lot of potential. If statistics are anything to go by, the country clocked a total production of 29.07 million units in FY’18. This comprises of Commercial vehicles, passenger vehicles, two-wheelers and three-wheelers with two-wheelers dominating the market with a whopping 81% share. This comes as no surprise because two-wheelers are the most convenient and affordable mode of transport.
Easy manoeuvrability, ease of parking, affordability are some of the advantages that outweigh a car any day. Whether you are buying a two-wheeler for city commute, go on adventure trips with friends or simply because you want to experience the pride and ownership that comes with buying your own vehicle. Buying a two-wheeler is not an easy decision. From different types of two-wheelers like scooter, Motorbike, Moped, Sports Bikes, not to mention the different brands and models available in each segment, the choices can be bewildering. You need to apply due diligence, proper homework and research before you zero in on a bike best suited to your needs.
Where to Begin?
Types of Two-Wheelers
The first step to deciding on a two-wheeler is the type of two-wheeler. Indian two-wheeler market is segmented. From standard motorbikes, Touring Bikes to Sports Bikes and Scooters, Indian two-wheeler market is evolving rapidly to suit the changing preferences of customers.
Budget and Finance
With the prices of two-wheelers going up each day, it is important to decide a budget, which will allow you to a buy two-wheeler as per your requirement. Before you decide on a budget though, make sure you have assessed your need and decided on the type of two-wheeler to buy.
Once you have done that, research on the prices of two-wheelers in your category and different dealers in the market. Assess your financial capability, monthly expenses etc. Will you be able to meet the cost with your income or you are considering taking a two-wheeler loan? How will the EMI payments impact your monthly expenditure? These are the primary research points for anyone looking to buy a two-wheeler.
Brand New or Second Hand
Once you have worked on the above, you should have a clear idea about whether you’ll buy a second-hand vehicle or a brand-new one. In case you are planning to go for a used vehicle, be sure about the condition, maintenance cost such as servicing, repairs, fuel etc. If you’re just learning to ride a two-wheeler, buying a second-hand motorbike is wiser as you can always upgrade it later and you won’t lose much on depreciation either. On the other hand, if you are an experienced rider and can afford to spend, go for a brand new one so you are sure of what you are getting.
Once you have done your homework, here are some important tips to help you choose the right set of wheels to serve your purpose as well suit your requirements.
Choose Your Brand – Buying a two-wheeler is an investment which will serve you for years. With so many different manufacturers vying for sales and profits, choosing the right brand can be confusing. It is important to go for an established brand with service centres available all over. Also choosing the right brand will help you in fetching a good resale value.
Mileage – An important factor to consider when buying a two-wheeler. With the rising fuel prices, this will have a direct impact on the vehicle’s monthly costs. However do bear in mind the fact that mileage on highways in different from in-city mileage.
Check the Bike’s Ergonomics – Ergonomics is important in determining your experience with the ride. Seating position, wrist position, position of your legs, handlebar reach etc. determine how comfortable the bike will be for your body structure. Think long-term when you are considering this. You don’t want to end up with sore joints and knees after riding your bike for a week or so.
Visit Multiple Dealers – There are multiple dealers available in the market offering different discounts, offers etc. There are various portals online as well which help you do a price comparison. Do your research before you walk in to a dealer so you will be able to negotiate better.
Resale Value- This is another important consideration when buying any asset. The value of vehicles depreciates over time. Go with a model that has been in production in the long run and is popular amongst the masses as it will help you fetch a higher value in case you plan to resell it in future.
Find out about service centres and availability of spare parts – Always go for a brand that has service centres at multiple locations across the country. Also ensure that you choose a two-wheeler brand whose spare parts are easily available throughout. This will save future hassles when you go for servicing.
Check for Insurance – Do find out about two-wheeler insurance policies, their coverage and the premium rates. This will safeguard your interests against unfortunate incidents like accident, theft etc.
Take a Test Drive – Do test drive your vehicle before buying it. This will give you a feel of the ride, a chance to check the seats, engine, suspension, gears, and brakes, handle grip etc. These factors determine the long-term value of the vehicle. If you have a pillion, take them along on a test drive and ask them how the ride feels. If necessary test drive the vehicle multiple times so you are absolutely certain on all parameters.
Don’t rush. Buying a two-wheeler is an important decision as it is your own mode of transport. Safety, money, memories a lot is at stake. Take your time, do thorough research and weigh all options. Buying a vehicle is a personal choice but these considerations and tips will help you select a two-wheeler best suited to your needs. You want to ensure that your purchase is worth every penny spent. After all, it is not every day that you buy a two-wheeler.
The act of paying out money for any kind of transaction is known as disbursement. From a lending perspective this usual implies the transfer of the loan amount to the borrower. It may cover paying to operate a business, dividend payments, cash outflow etc. So if disbursements are more than revenues, then cash flow of an entity is negative, and may indicate possible insolvency.