Reasons to Buy a New Bike on Gudi Padwa

Posted on: Mar 9, 2023 | | Written by:

Reasons to Buy a New Bike on Gudi Padwa

Published on March 09, 2023. EST READ TIME: 4 minutes

Purchasing your bike can seem very cathartic. There is nothing like it in terms of how much ease and freedom it offers. You no longer have to rely on public transportation to get anywhere or at any time. You can even take a lot of road trips if you have remote work opportunities. Do not forget to buy two wheeler insurance, for protection against damages and financial losses.

Once you've made the decision to purchase a bike, getting it at the right moment can only make the experience more enjoyable. And Gudi Padwa is the ideal occasion to purchase the bike of your dreams. It would be a good idea to bring home a new bike now that Gudi Padwa 2023 is only a few days away.

Why should you consider buying a bike on Gudi Padwa?

Many Indians celebrate Gudi Padwa as the beginning of the New Year, particularly those from Maharashtra, Goa, and Madhya Pradesh. The day is very auspicious and is associated with fortune, joy, prosperity, and success. There are a few reasons why you should think about Gudi Padwa 2023 as the ideal time to purchase a bike if you've been considering it.

Offers during Gudi Padwa for bikes

Automakers and dealers are well aware of how auspicious Gudi Padwa is. As a result, they create significant discounts and enticing offers during this time. You may end up saving a sizable sum of money on the new purchase if you buy a bike during the festival. Bike manufacturers and dealers provide attractive exchange deals and discounts when booking or buying a new bike. In addition to this, you can also come across great financing choices, which will help you save money even more.

Offers even before Gudi Padwa begins

The promotional activities begin even before the Gudi Padwa discounts and offers, which are fairly difficult to overlook. Even before the festival, bike manufacturers and dealers begin running campaigns for Gudi Padwa. You can find a good number of advertisements for Gudi Padwa bargains if you keep an eye out. For exciting discounts, you can either follow manufacturers on social media or frequently visit their websites. TV and newspapers are two other reliable sources. You can make plans to purchase a bike on Gudi Padwa based on the good discounts since these offers are made well in advance.

Discounts that are hard to miss

There are frequent discounts available when purchasing a new bike during the Gudi Padwa festival. There are numerous reasons for the same. There has been a decline in auto sales over the past few years. The epidemic and poor growth have made it challenging for bike manufacturers to increase car sales. In fact, many bike manufacturers experienced a drop in sales for the first time in a few years.

As a result, many bike manufacturers and even dealers are awaiting the festival in order to sell more bikes. The discounts will assist businesses in clearing their stock and enhance sales as a result. This provides a lot of opportunities for a potential buyer to ride home the bike of her dreams.

Buying insurance for your bike on Gudi Padwa:

One of the best deals one may get is a bike with generous discounts and better financing alternatives. But you'll need to buy two wheeler insurance policy in order to ride your bike home. The Motor Vehicle Act of 1988 requires all owners to follow this law. And if you don't, you run a lot of financial perils, which is the last thing a buyer of a brand-new bike would desire. Here are a few reasons why you should choose to insure your bike and make sure it has enough coverage.

1. Protection for your bike:

When you select comprehensive bike insurance, it also includes coverage for vehicle damage. You can make a claim on the coverage in the event of an accident. The damages to your bike are covered by your insurance. It reduces your obligation to cover these damages. And you may easily fix your bike as soon as possible.

2. Third party liability:

A big advantage of buying a bike insurance policy is protection against third party liabilities. An accident involving other individuals or vehicles makes you liable for the damages. Not if you have third party bike insurance policy. The plan will look after your financial and legal obligations in such occurrences.

3. Personal accident cover:

Bike insurance policies also offer personal accident cover, as a feature of the plan. In the unfortunate event of the bike owner or rider meeting with an accident, the plan will cover the expenses. It covers the medical expenses in the case of disability and compensates the sum insured in the event of death.

4. Repair your bike at network garages:

A bike insurance policy provides you access to garages across your city or town. Insurance providers have partnerships with various garages. Should you take your bike to these garages, you can avail of cashless benefits. Even if you file for a claim, you will not end up paying money from your pockets as the insurance provider can directly settle the claim with the garage. At times, you can also receive preferential treatment due to claims.

5. No claims bonus:

Riders who are careful and do not file a claim for their policy are rewarded by insurance providers. This reward comes in the form of no claim bonus discount. For every year that you do not file for a claim, your insurance provider will increase the discount percentage. It starts at 20% for the very first year. And the best part is that you can accumulate discounts.

Thus, you can accumulate discounts of up to 50% of your own damaged component. Since it is rewarded to the bike owner, you can utilise it if you buy a new bike.

6. Online policy purchase:

As most of the insurance providers have gone digital, you will find it easier to buy a policy online. You can visit the website of an insurance provider or access their mobile app to purchase a policy. A big advantage of buying a policy online is that you can compare different plans and choose something that fits your budget and requirements.

Online purchase of the plan also allows you to get better discounts. Buying comprehensive bike insurance online will help you save a substantial amount of money.

Conclusion

This Gudi Padwa may be the ideal time for you to get your desired bike. Better offers and discounts may be imminent as automakers prepare to increase their sales. Together with price reductions, you can anticipate better financing options and exchange offers. Combined, these can enable you to make significant financial savings and bring the bike of your wish home. Do not forget to purchase comprehensive bike insurance, so that your new vehicle is given the best possible protection.

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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