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.
Use OBV to make sure you get paid what buyer is willing to pay versus suffering from huge markup margin of a middleman.
Use OBV Pricing certification services before writing-off auto loan for used vehicles.
Calculate right Insured Declared Value (IDV) of any used vehicle using OBV.
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
I consulted many used vehicle dealers but couldn't get a satisfactory price. Then I heard about Orange Book Value from a friend, and using it helped me to purchase at right price.
As the used vehicle market is unorganized, it is difficult to find the right price for a vehicle. In this case, Orange Book Value comes as a bliss and that's how I got the confidence to buy a used vehicle.
Orange Book Value helps us a lot in reducing the negotiations and now it takes less time for the deal to mature.
As the world moves towards internet for information requirements, it was natural for car sellers and buyers to move towards internet for quicker information. In that respect I appreciate the initiative taken by Droom in launching Orange Book Value.
Many people are willing to sell and buy but they are not sure of the price. That is where the Orange Book Value comes and plugs in the gap.
Pricing of used four wheeler and two wheeler has been a big trouble for buyers and sellers as there was no standardization of pricing. Orange Book Value uses data science to develop a standard price for any particular vehicle which is going to help the industry a lot, as well as buyers and sellers.
The tool can be used by insurance companies to insure the vehicles. Currently such data is picked through market feedback which results in non-standard data quality. OBV helps in standardizing the prices.
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.
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.
There are 4 easy steps that you need to follow to get the fair market price of your used vehicle.
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.
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.
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.
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.
