We help you to choose the perfect vehicle for you
Orange Book Value is an algorithmic pricing engine by Droom that suggests Fair Market Value for any used vehicle. Orange Book Value is built on Droom's proprietary technologies and data science. It takes into account category, make, model, year, trim, kilometer driven, and condition to suggest the fair market value. Orange Book Value is category agnostic pricing engine and suggests unbiased fair market value for car, motorcycle, scooter, bicycle and planes. Unlike other sources that just report historical transaction data that is flawed, Orange Book Value uses data science and empirical evidences in terms of depreciation curves, margins and spreads with intermediaries as any vehicle changes hands, and dozens of factors that have impact on valuation.
Get to know benchmark market value hence enhance confidence level to purchase
Less time consumption in negotiating with buyer, gain trust of buyer, sell quicker at optimum price
Evaluation tool to write-off auto loan for used automobile
Evaluation tool to analyse the current market value of used automobile to calculate Insured Declared Value (IDV)
|Tyres||Flawless||Minor Scratches||Moderate Scratches, Dents||Moderate scratches, Chips, Dents, Surface Rust|
|Frame or Unibody||Unaltered||Unaltered||Repaired||Replaced|
|Windshield glass, lights, lenses||No Defects||Minor Scratches, Slight Discolouration||Can be repaired||Not repairable|
|Wheels||Flawless||Minor scratches or Scrapes||Repairable||Repairable|
|Upholstery and carpet||Clean/Like New||Minimal Wear||Stained||Faded/Worn|
|Odour (smoke/mold...)||Odourless||Mildew||Mold||Chemical Compounds|
|Electronics(windows, locks, radio, NAV,etc...)||Fully Functional||Functional with minor faults||Functional with major faults||Repairs Required|
|Engine/transmission||Excellent condition, fluids may require topping off||Fully operable but requires servicing||Fully operable but requires spare changes and servicing||Repairs Required|
|Steering||Trouble Free||Operational hindrance||Too heavy to operate||Power steering failure|
|AC/heater||Fully Functional||Cooling/ Heating ineffective||Fan only functional||Full unit not functional|
|Brakes||Less than 15% Wear & Tear||15% - 30% Wear & Tear||30% - 45% Wear & Tear||45% - 60% Wear & Tear|
|Tires||90% Treading Left||75% Treading Left||60% Treading Left||50% Treading Left|
|Maintenance/records||Current, Complete||Current, Incomplete||Current, Incomplete||Overdue, No records|
|Emissions Test||Cleared||Cleared||Not Cleared||Not Cleared|
|Flood Damage||No||No||Yes, Operable||Yes, Vehicle not functional|
|Odometer tampering||Not tampered||Not tampered||Not tampered||Not tampered|
OBV: Orange Book Value, (OBV) is India's first and only algorithmic pricing engine that suggests estimated market value for any used automobile. OBV is built on Droom's proprietary technologies and data science. Use OBV before you buy or sell an automobile.
Make: It defines the manufacturer of the vehicle, like Maruti Suzuki, Honda, etc.
Model: It defines the specific model of the vehicle, like WagonR, City, Alto, etc.
Year: It defines the year of production of the vehicle, like in Maruti Suzuki Ciaz Vxi 2015; 2015 is the year of production of the vehicle.
Trim: It is defined as the designation of the features and standard equipment on a vehicle, like LX, SE, EX, GT, etc. Vehicles with base trim levels have minimal equipment and entry-level prices; a step up in trim level includes more options and standard features along with a price increase.
Purpose: It defines the purpose of using the OBV tool, which means you want to sell the specific vehicle or buy. The purpose can be Buy or Sell.
Kms Driven: This parameter defines how many kms the vehicle is driven for which you want to calculate the OBV.
Category: It defines the category of the vehicle, for example – car, motorcycle, scooter or more.
Party: Anyone who is on the other end of the transaction who is either buying a vehicle from you or selling it to you. Party can be of two types:
Location: The value of a vehicle varies with different geographical locations. The factors that are responsible are – ex-showroom price in the area, the terrain and road surface, and more.
Condition: It defines the condition of the vehicle. It can excellent, very good, good, fair and poor. This is also a factor that determines the price of any used vehicle.
Depreciation: It is the rate by which the value of the vehicle decreases year on year.
The OBV Print edition consists of benchmark market prices of used cars, motorcycles and scooters for the span of last 15 years. With an easy to use format, the user is able to find the fair market value of any vehicle which provides them a fair idea of the price at which they can purchase the used vehicle from a dealer, thus reducing the time and efforts spent on negotiations required to complete a deal. The book consists of information about Orange Book Value, tutorial on how to use the book, how to determine the appropriate condition of a vehicle, benefits of Orange Book Value, testimonials of auto industry experts for OBV.