💰 Used Bike Valuation — Get a Fair Resale Estimate

We start from the original ex-showroom price, apply IRDAI-standard depreciation by age (5% year 1, 15% year 2, 20% year 3, 30% year 4, 40% year 5, 50%+ after), then adjust for kilometers driven above the yearly average (~15,000 km/yr is typical for commuters). Finally, we apply a condition multiplier — Excellent, Good, Fair or Poor. The output is a price range because real buyer offers vary ±10–15%.

Within ±10–15% of real-world offers for most commuter bikes. Premium and sport bikes hold value differently, and some brands (Royal Enfield, KTM, Honda) retain more than others. Always cross-check with live listings on OLX, Bikewale, and Droom before selling or buying.

IRDAI's depreciation schedule treats every bike as losing value on a fixed yearly curve — that's how insurers calculate IDV (Insured Declared Value). Kilometers matter, but only significantly when they exceed the annual average of ~15,000 km/year. A 5-year-old bike with 30,000 km is worth roughly the same as a 5-year-old bike with 70,000 km in insurer-math terms, though real buyers penalise high-km bikes further.

The biggest Indian used-bike marketplaces: OLX (free, largest audience), Bikewale (bike-enthusiast buyers), Droom (structured inspection reports), and CredR (paid instant sale). For best price, list on OLX + Bikewale simultaneously and wait 2–4 weeks for a serious offer.