Motorcycles form a major chunk of automobiles plying on Indian roads. The number is going to only increase in the coming years. Keeping this forecast in mind, bike manufacturers are launching new models frequently to capture a lion’s share of the market.
While you are spoiled for options, it does not necessarily mean you purchase a brand-new model. There is always the option of buying a used bike from a recognized dealer that comes with bike insurance. It is a cost-effective option to own a two-wheeler. However, buying an excellent quality used bike needs a good deal of research and effort.
How to buy a used two wheeler
How to buy/ transfer a used two wheeler insurance
People buy two wheeler bikes based on their changing needs and the changing trends in the two wheeler industries. Many of them also purchase a second-hand vehicle. While buying a new bike, you must buy either a new two wheeler insurance third party plan or a comprehensive car policy. While purchasing a second hand two wheeler, you need to get the existing insurance policy transferred to your name.
Here is how it is done: