Bike Shopping at Year-End Sales: Good or Bad

Posted on: Dec 2, 2022 | | Written by:

Bike Shopping at Year-End Sales: Good or Bad

Published on December 2, 2022. EST READ TIME: 3 minutes

Traditionally, year-end sales have been among the best periods to buy stuff. They feature super low prices and hefty discounts. However, some people argue that it is better to wait out some days as a new year comes with brand-new models and new things. So, if you want to buy a new bike, should you go for year-end sales or wait for the new models to roll out? This article will go over the 5 advantages and disadvantages of purchasing bikes at year-end sales.

Pros of Buying a Bike During the Year-End Sale

Here are the pros of buying bikes in the year-end sale:

1. Great Deals

The primary reason for the generous discounts at the close of a year is a hurry by manufacturers to empty their stocks. There are two basic reasons for it, though. The first one is to create room for newer, more costly models that automakers will introduce at the beginning of the following year. Third, clients would choose a more modern vehicle with superior technology and equipment over one that has been lying in the dealer's stock for months. And that is why, towards the close of a year, they attract you with incredible deals. They can take the shape of cash reductions, extended warranty contracts or a slew of freebies. So, if you value a good price over owning the most recent model, now is the opportunity to make that buy.

2. Prepare for the Price Increase

Almost all automakers raise the cost of current models and introduce new versions at the beginning of a year. This is mostly attributable to inflation rates and increased manufacturing input prices. Nobody likes to spend more on anything, and manufacturers are well aware of this. As a result, they entice their clients to buy at the close of the year. This is really a win-win scenario since they empty their stocks and buyers save good amounts on their big purchases.

3. You can get better Exchange Rates

Most people dream of getting new bikes or cars every 5 or so years. The issue is that owners are having difficulty finding a buyer ready to pay a reasonable price for their vehicle. Automakers recognised this and established an exchange programme to get people to visit their showrooms instead. They save the hassle of attempting to sell their two-wheelers, and the current value of the bike is immediately compared to the brand-new one they purchase from the dealership. A bike's value depreciates by roughly 10-12% every year in general. For example, suppose you purchased a bike last year , and now, you are attempting to swap it at the end-of-year exchange offering in December. The depreciation of your bike is then estimated till that very year. Now, if you attempt to sell your bike on January 1st of the next year, you will suffer another 10-12% of the total vehicle in depreciation because it is a year older now.

Cons of Buying a Bike During the Year-End Sale

Here are the cons of buying a bike during the year-end sale:

1. The Effect on the Resale Value of Bike

As previously stated, your two-wheeler loses around 10-12% of its worth each year due to depreciation. Assume you purchased your car in December of this year rather than the following January with the intention of selling it a few years later. When calculating depreciation, your two-wheeler will still be regarded as a year older. Whenever you consider it, a bike acquired in December is only around 30 days older than the one bought in January, but because the year has changed, the bike's total value has dropped dramatically. This might not be significant if you acquire a vehicle with the intention of maintaining it and keeping it for many years. This might have an impact on your bike's resale value if you move automobiles regularly. Some sellers offer a solution by offering to enrol on the bike purchase at the beginning of the following year and providing you with a temporary certification for the month of December.

2. You miss out on the latest models of bikes.

Many manufacturers like to renew their models each year in order to stay current and in line with what their rival companies provide. This might be as simple as new paint colours or a few new stickers, an external transformation to stay up with the newest design fads, modern tech and features, mandated alterations required due to modifications in laws and standards, or even something like a total vehicle refurbishment. So, if you buy a bike near the close of a year, you may lose out on the most recent design modifications and amenities. This can, once again, leave your two-wheeler less enticing to a possible customer when you attempt to sell it a few months or years later.

Is Buying a Bike at the Year-End Sale a Good Idea?

Now, if you want to buy a two-wheeler urgently and do not care about the latest designs or trends, buying a bike from a year-end sale might be a very good idea. However, if you want to be on top of the trends and purchase a new model, you might want to wait till the new year. The ultimate decision depends on you and your opinion.

Conclusion

In the end, whether you want to go for a year-end bike sale or wait for the new year to roll out depends on your own needs. In addition, both of them have their own upsides and downsides. However, it's worth noting that the year-end sale is likely to yield the best deals with some awesome savings to be had. Whenever you decide to make the purchase, make sure to buy a comprehensivebike insurance plan to cover your prized possession. Compare two-wheeler insurance providers to receive your best deal.

Frequently Asked Questions

1. What is a Year-End Sale?

Year-end sales are yearly discount programs offered by vehicle manufacturers and dealers to clear their stock and offer a discounted price to customers.

2. Should we buy bikes in year-end sales?

If you are looking for a cheap bike, this might be a good time to pick one up. So, if you are looking for a specific bike which is available for a low price, then it is better not to wait. However, if you are looking for an updated model, you can wait to get your hands on them.

3. Are exchange programs in year-end sales good?

Yes. If you want to exchange your old bike for a new one, exchange programs could be exceptionally good for you.

Disclaimer: The above information is for illustrative purpose only. For more details, please refer to policy wordings and prospectus before concluding the sales.

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