Buyback scheme offered in two-wheeler segment. Here's how to avail it

CredR is a brand dealing in buying and selling used bikes and scooters.It had partnered with Hero Moto Corp as its official evaluation and buyback partner in 2019.
By : HT Auto Desk
| Updated on: 19 May 2020, 03:41 PM
CredR says customers can get an instant buyback quote at the time of making purchase and need to bring back their two-wheeler within 12 months. (Image used for representational purpose)
CredR says customers can get an instant buyback quote at the time of making purchase and need to bring back their two-wheeler within 12 months. (Image used for representational purpose)
CredR says customers can get an instant buyback quote at the time of making purchase and need to bring back their two-wheeler within 12 months. (Image used for representational purpose)
CredR says customers can get an instant buyback quote at the time of making purchase and need to bring back their two-wheeler within 12 months. (Image used for representational purpose)

In a bid to boost sales amid slumping demand in the automotive industry in India over the past several weeks, CredR on Tuesday announced the launch of a buyback scheme - the first time such a facility has been extended in the two-wheeler segment here.

CredR is a brand dealing in buying and selling used bikes and scooters. Under the scheme, customers will receive an assured buyback value for their two-wheelers at the time of purchase. Called CredR Buyback Plus, customers can sell their two-wheelers back to CredR within the stipulated 12-month window and it is available currently in Bengaluru, Delhi-NCR, Jaipur, Sikar, Bhilwara, Kota, Pune and Hyderabad.

Similar Bikes

Find More Bikes
Hero Electric Nyx (HT Auto photo)
Hero Electric Nyx
₹1,350*Onwards
Hero Electric Flash (HT Auto photo)
Hero Electric Flash
₹1,350*Onwards
Hero Electric Optima Hs500 Er (HT Auto photo)
Hero Electric Optima Hs500 Er
₹1,350*Onwards
Hero Electric Optima La (HT Auto photo)
Hero Electric Optima La
₹1,350*Onwards
Hero Electric Optima Li (HT Auto photo)
Hero Electric Optima Li
₹1,350*Onwards

The main driving force behind the launch of this scheme is that CredR believes post-pandemic buyers will look at going from high-value purchases intended for long-term use to relatively value-for-money products for short and medium-term use. Preference for personal mobility is also predicted. "The current lockdown situation has created an unprecedented demand for our products and in the processs inspired us to create products than can deliver more value to our customers," said Sasidhar Nandigam, Chief Startegy Officer at CredR. "In a marketplace that had no preceding concept of standard pricing, we are the first ones to offer something like this."

CredR has already been working with Hero to power their bike and scooter exchange program across their showrooms. It had partnered with Hero Moto Corp as its official evaluation and buyback partner in 2019.

First Published Date: 19 May 2020, 01:40 PM IST
Recommended For You
View All
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city