Hyderabad: Buying a brand new two-wheeler is no longer a distant dream for most, with finance companies and banks offering easy loans these days. And this, in some parts of Hyderabad might have hit second-hand bike dealers, but not in the old city.
In the dingy lanes of the walled parts of the city, used motorcycles and scooters still spell business. The stretch between the Malwala Palace Junction to Bibi Bazaar crossroads is an indication of the flourishing market for pre-owned or second hand two-wheelers in the old city. About two dozen shops dealing in various brands of motorcycles have come up here over a period of time.
“I won’t say the business is brisk. But we do get business. People still come and look out for second-hand vehicles in good condition. They feel it is better to invest in a second hand two wheeler in one go, rather than paying monthly EMIs,” said MA Arshad, dealer.
The two wheelers are of all makes right from Honda Activa, Royal Enfield, Hero Honda, Yamaha etc. “We buy vehicles which are in good condition from customers after checking all documents to ensure there is no legal or technical problem after purchasing it,” said Irshad Ali, a dealer.
The price of the vehicle depends on the condition, make and demand for the vehicle. “Other factors like year of manufacture, pending e-challans etc., are also taken into consideration before negotiating the price. We conduct business at low profit margins,” said a dealer.
The vehicles are priced between anywhere between Rs 18,000 and Rs 35,000, but high-end motorcycles cost higher.
“There are two ways of business here. One is we having a few vehicles with us and showing those whenever any customer comes. Second is when some people want to sell their vehicles, and ask us to contact when any customer comes. We put them in touch with the interested buyer and fix the deal,” said Shoeib, a salesman at one of the shops.
The dealers take care of the documentation and transfer of the vehicles through a set of agents who regularly visit the markets. Sultan Mohiuddin, who recently bought a Honda Activa from the place at Rs 26,500, said, that there was nothing wrong in buying from the market.
“Hundreds of vehicles are there in the market here. Only thing is you have to take along a person who has good knowledge of automobiles or at least a mechanic whom you can trust to assist you in selecting a good condition vehicle,” said Sultan.