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Orange Book Value is an algorithmic pricing engine by Droom that suggests Fair Market Value for any used vehicle. Orange Book Value is built on Droom's proprietary technologies and data science. It takes into account the category, make, model, year and trim of the vehicle along with the condition of the vehicle and the kilometers it has run to suggest the fair market value. Orange Book Value is a category agnostic pricing engine and suggests unbiased fair market value for cars, motorcycles, scooters, bicycles and planes. Unlike other sources that just report historical transaction data that is flawed, Orange Book Value uses data science and empirical evidence in terms of depreciation curves, margins and spreads with intermediaries based on a number of factors that have an impact on the valuation.
Leave the guesswork behind! OBV provides you the benchmark market value of a used vehicle to enchance your confidence in buying a used vehicle.
Stop pulling a number from the hat! Orange Book Value gives you the fair market value of any used automobile. This helps in gaining buyer's trust and reducing price negotiation, so that you can sell quickly at an optimum price.
OBV is a comprehensive evaluation tool to write-off auto loan for used automobile. For more authentication, download used vehicle-pricing report for free.
OBV uses 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).
Many people are willing to sell and buy but they are not sure of the price. That is where the Orange Book Value comes and plugs in the gap.Jagdish Khattar
As the world moves towards internet for information requirementsArpit Mahendra
Pricing of used four wheeler and two wheeler has been a big trouble for buyers and sellers as there was no standardization of pricing. Orange Book Value uses data science to develop a standard price for any particular vehicle which is going to help the industry a lot, as well as buyers and sellers.Nabil Khan
The tool can be used by insurance companies to insure the vehicles. Currently such data is picked through market feedback which results in non-standard data quality. OBV helps in standardizing the prices.Indraneel Chatterjee