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Orange Book Value (OBV) is an algorithmic pricing engine, providing the true market value for any used automobile. Many sellers and buyers are now using OBV to check the true market value of a vehicle before selling or buying.
OBV use data science approach to give a fair market price of a vehicle in real time. It offers an independent, unbiased, and data driven value of any used vehicle. OBV also gives price for the same new vehicle and total cost of ownership of the vehicle for 5 years. A 360o price evaluation and ownership cost helps in increasing buyers’ trust in the vehicle, gives confidence to buy, and making a quick decision.
Now download Orange Book Value app and check “Resale Benchmark Price” in less than 10 seconds.
OBV was built using our proprietary technology and data science to help sellers determine the right price for their listings. As a seller you can use Orange Book Value to decide the price of your listing and sell better. From used cars and bikes, to scooters, bicycles and even planes, Orange Book Value gives the true market value for any used vehicle
Orange BOOK Value offer Advance Evaluation, and users can now get more precise fair market price of a pre-owned vehicle for free. Now you can click Advance Evaluation on the result page to get a more precise price based on:
- Location: You can select nearest location in Malaysia and get the fair price range for your city.
- Number of Owners: Price of a used vehicle can also be refined by selecting the number of owners of the given vehicle.
- Accident History: You can also get fair value if the vehicle has faced Minor/Major accident
- Body Color: The price of an automobile varies for different body color. We have identified 3 primary colors which are most sought after in automobiles, and check price on basis of the color of a vehicle
- Detailed Conditions: Identifying the most appropriate condition of the vehicle is now easy by selecting the condition of various components of an automobile (engine, frame, exterior, interior etc.). The data science behind, automatically calculates the right condition of the vehicle based on the inputs of the user.
How It Works
OBV is most advanced and robust pricing recommendation tool. Here are some important features that you get in your Orange Book Value mobile app:
FAQs
Orange Book Value takes an entirely algorithmic and data science approach to determine the fair price range of any used automobile, rather than just basing the prices on past transactions. Also, Orange Book Value is the only pricing tool that can be used to determine the fair price range of any used automobile, not just cars.
Estimating the true price for any used automobile is not an easy task. Often the buyer feels that he/ she has paid more than the actual worth of the vehicle and the seller feels that he/ she has sold the vehicle at a loss. So Orange Book Value is necessary to make sure both the buyer and seller leaves the table happy at the end of a transaction.
When a buyer is interested in a listing created by a seller, he/ she will check the seller’s quoted price on Orange Book Value. If the price matches, this will give confidence to the buyer and the buyer will not negotiate with the seller while pursuing the transaction. Overall, the seller will have a better throughput with the listings.
When a buyer is interested in a vehicle on droom, he/ she will get pricing recommendations from OBV. So he/ she can select a vehicle that is listed well within the fair price range and pursue the transaction.
Knowing the Orange Book Value for a vehicle can help both during buying as well as selling. Knowledge of the true market price range helps a user on Droom Platform to make an informed decision.
Buyer
Leave the guesswork behind! OBV gives you benchmark market value of a used vehicle to give you confidence to buy
Seller
Stop pulling a number from the hat! Orange Book Value gives you a fair market price of any used automobile. This helps in gaining buyer's trust and reduce price negotiation, so that you can sell quickly at optimum price.
Bank and NBFCs
OBV is a comprehensive evaluation tool to write-off auto loan for used automobile. For more authentication, download used vehicle-pricing report for free.
Insurance Companies
21st century approach to evaluate the price of a used vehicle based on real-time data science instead of historical data. This helps to analyse the current market value of used automobile to calculate right Insured Declared Value (IDV).
Web Publisher
Anyone who has a website can earn more money by deploying OBV widget running on Javascript. Widgets are available in different dimensions. Send inquires on support@orangebookvalue.my