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About OBV

algorithm-engine
Algorithmic engine for used vehicle pricing
price-engine
World's most advanced and largest used vehicle pricing engine
data-science
21st Century Data Science
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Purpose
Select Category
Select Parameters
Get OBV
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Buyer

Use India’s De facto industry standard for used vehicle pricing to get the fair market price of any used vehicle under 10 seconds for free.

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Seller

Use OBV to make sure you get paid what buyer is willing to pay versus suffering from huge markup margin of a middleman.

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Bank and NBFCs

Use OBV Pricing certification services before writing-off auto loan for used vehicles.

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Insurance Companies

Calculate right Insured Declared Value (IDV) of any used vehicle using OBV.

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Web Publisher

Anyone who has a website can earn more money by deploying OBV widget running on Javascript. Widgets are available in different dimensions. Send inquiries on support@orangebookvalue.com

OBV Videos

Check Used Vehicles Price

Questions like what the value of my used car or used bike is, come to our mind when we decide to sell it off. However, we do not get to understand the proper used vehicle valuation. The platform, Orange Book Value (OBV) is an algorithmic pricing engine that provides assistance in determining the fair market price of used cars, used bikes, and used scooters. Orange Book Value is a service by Droom, which was founded by Sandeep Aggarwal. It uses real-time data science to assess the depreciation of automobiles to get a proper used car valuation or used bike valuation. It provides great value for money to buyers and helps the sellers put a fair price in front of the buyer.

Why OBV?

The primary objective of this used-vehicle price guide is to get a fair market used vehicle price check. To check the used vehicle prices, Orange Book Value contributes as an independent value calculator for cars, bikes, and scooters. Droom‘s proprietary technology and data science are being used by OBV to get the fair market used cars, used scooters, and used bike prices, and scientific data is utilized to get the exact value for the vehicle. The best benefit which one gets by using Orange Book Value is that it helps in obtaining reliable data on used-vehicle pricing through its unbiased results. This tool calculates the data on a real-time basis and has a scientific method of suggesting the current market value of used scooters, bikes, and cars.

How Does it Work?

There are 4 easy steps that you need to follow to get the fair market price of your used vehicle.

  1. Select Your Purpose: Choose whether you want to buy or sell the vehicle.
  2. Select Category of Used Vehicles: Choose one of the categories as per your vehicle, i.e., used car, bike, or scooter.
  3. Choose Parameters: The next step is choosing the parameters of the product such as make, model, year, trim, etc., to get the correct market valuation.

The condition of the vehicle and the kilometers driven are the two factors which the market price of your used bike, car, or scooter is highly dependent on. The exact valuation of your vehicle can be given after that through Orange Book Value.

Benefits of OBV

The fair market value of a used car, bike, or scooter can be easily determined with the help of Orange Book Value, which provides customer satisfaction in regard to the price. OBV provides the best market value for used vehicles to sellers and the valuation tool for used cars and bikes makes the overall process transparent, which in turn helps to sell second-hand vehicles quickly. It further enhances the process of loan approvals for banks and NBFCs by providing the fair pricing of used vehicles. The real-time data obtained through scientific calculation is of huge advantage to insurance companies as it helps in obtaining the current second hand vehicle valuation.

OBV Methodology

Orange Book Value is the most accurate valuation tool for used cars, bikes, and scooters in India with the most advanced algorithmic and data science-based value calculator. Unlike other pricing engines, Droom‘s proprietary data science methodologies are used by Orange Book Value to get the correct pricing of used cars, bikes, and scooters which depends on several factors leading to value depreciation such as make, model, trim, and data for kilometers driven. These factors are obtained through odometer readings, and the current condition of the vehicle that includes wear and tear, dents, major repair works, etc. Better scores and market value are given to vehicles in the OBV methodology which are well-maintained and in good shape.

Appropriate Condition

Orange Book Value uses different parameters to calculate the used car, used bike, or used scooter valuation leading to value depreciation of second-hand vehicles. Odometer reading decides the total number of kilometers driven and the physical and mechanical condition of the vehicle when the pricing engine comes up with a particular result based on the make, year of manufacture, and trim of the vehicle. Used cars and bikes are rated on a basis where the ratings include Excellent, Very Good, Good, and Fair. The ratings Excellent and Very Good signify a healthy used car, while Good and Fair rating indicate problems with some of the parts of the car that need special attention and repair.