Two-wheelers have been a popular mode of transport in India for decades and for that very reason, there’s a strong resale market for two-wheelers. However, with so many options, it gets tricky to shortlist the one that fits your needs. With close to 1.5 million TVS Ntorqs on Indian roads, buying a TVS NTorq that holds its resale value is a sensible option to consider.
There are a lot of well-maintained, low-on-odometer TVS Ntorq on resale available in the market. They make a lot of sense not just as a used two-wheeler but also from a depreciation viewpoint.
Here are some of the crucial factors that play a direct role in the resale value of
TVS Ntorq.
Condition of the Scooter
Condition plays a huge role in deciding the resale market value of the scooter. The condition is the only factor deciding whether the scooter will depreciate significantly or hold its value. A well-maintained scooter not only has fewer defects but also fetches a higher price than a damaged scooter.
Brand of the Scooter
A scooter from a reputed brand that has an adequate service network and offers easy availability of spare parts tends to hold its value for a longer duration. Furthermore, scooters from reputed brands like TVS Motor have high demand in the second-hand market primarily because of the brand reputation.
Service History
Service history plays a crucial role for the scooter in holding its value. A consistent service record is a statement that the scooter is well taken care of with periodic service and maintenance.
Vehicle Age
A newer scooter fetches more value as it still gets the required features of its respective generation. For eg: a three to four-year-old scooter will fetch a lot more value than a scooter that’s over 7 years in age.
Takeaway
A popular scooter in the resale market such as TVS Ntorq which holds its resale value / IDV (Insurer declared value) does not have a fixed selling price. You must consider the fair market price to evaluate the actual price of the vehicle. It depends on multiple factors ranging from the kilometres on the odometer, physical and mechanical condition as well as the manufacturing year.
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Also Read:
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What Makes TVS NTORQ a Powerful Scooter for Long Rides in India?
