Announcement
Collapse
No announcement yet.
Looking to buy a used R1
Collapse
X
-
Good info there MadMax46.
I think someone should start a consultation in this regard.
Sometimes buying brand new sbk (or a normal bike too) is just not possible.
Had to wait wait for 2 years to book Karizma.
So, if a bike & papers are all right, why to loose the deal.
I am sure there are many who wish to own a used sbk.
A proper guidance / consultation will be a great help in such cases.The Zmaniac - 2 wheeled enthusiast
sigpic
It often takes a humiliating overtake to understand that an early jump off the red light won't help them lead the pact. All I want to say is - Go after green.
Comment
-
Originally posted by MadMax46 View Post1. Never buy a used superbike that only has a registration papers! This can be bought just by paying a bribe. This also applies to places like maharashtra where there are smart card systems. A smart card or an RC with the bikes name, owner and other description doesn't mean its a legal bike!
2. A genuine superbike will have two important documents among all other papers: A bill of landing and an invoice price sheet that assesses the price of the bike and its respective taxes. The bill of landing is the proof a vehicle entered legally into the country. It is a big piece of paper, about the size of a newspaper that is folded into two or four folds.
When someone wishes to sell you a bike, first ask if they have BILL OF LANDING! If they don't, then don't even bother looking at the bike
3. The invoice paper has a determined value of the bike. Make sure that in the invoice has atleast Rs. 2 lakhs (about $ 5 to 6K) paid in duty if the bike was brought in used. This prevents any form of trouble in the future, because it ensures that the duty paid was reasonable, depending up the used bike's life. Again, read above, AT LEAST 2 lakhs or above. So the invoice price can be higher as well.
4. Now, someone says that the bike does not have bill or landing, or invoice sheet, but they may say that they have DRI clearance. Now what does this mean? This means that DRI had confescated the bike, but the owner was compelled to get it back, by paying the appropriate taxes and fines. This makes sense because there's no point in DRI keep the bike for themselves and letting it rot. The DRI therefore, issues a clearance certificate where it clearly expresses the taxes paid, including the fine. When you see the clearance certifcate, please check with DRI is all the info is true. The DRI has offices across all metro and this can be verified.
VERY IMPORANT
5. And lastly, here's soemthing to keep in mind. Let's say you are buying a used SBK, such as a 2007 suzuki gsx R 600. This recently got sold in AP for 6.5 L recently. The ex-shoroom price of this bike is about $ 8.5K new (about 4.5 L). With 105% duty, that brinks the bike upto 9 to 9.5L on road in india after registrations, taxes etc. So its three years old, so considering basic depreciation of 15%, 12% and 10% for the past three years, the best buying prices of the bike would be (approximate estimate locally) 8.1 L in 2008, 7.15 L in 2009 and 6.45 L in 2010. This makes sense because the proper clean paper gsxr 600 sold for 6.5 lakhs recently! So any value below this, you have to become aware of the shadiness that's prevalent with the bike. You have many guyz quoting 5 to 6 L for these 600cc bikes and you can bargain for a low 5 L..but you won't end up with a clean bike.
MadMax46
Thanks a lot. That was the best advice you could give to the OP. Up to the point.
Comment



Comment