BUY-BACK POLICY

The scheme is offered by Ultrabeep Ops Pvt. Ltd (BeepKart), having its registered office at Auro Center, Municipal Corporation No. 13 (Ward No. 63), Koramangala Industrial Layout, Bengaluru, Karnataka 560095 involved in facilitating the sale of second-hand vehicles, two-wheelers (with or without gear).

1. Eligibility Criteria

1.1 This Buy-Back program is valid on all the assured category vehicles purchased via BeepKart (Online or Offline) only

1.2 Vehicle should be registered with the Karnataka & Tamil Nadu RTO having appropriate jurisdiction over the point of sale of the vehicle

1.3 Registered vehicles that are within 1 year from the applicable date (Purchase date) are eligible

1.4 Vehicles that have run up to 12000 KM in a year are eligible with a maximum of 3000 KM/Quarter

1.5 Vehicle should be regularly (at every 3 months) serviced at a company-authorized service center or BeepKart service.

2. Conditions for disqualification

2.1 If there is a change in ownership of the vehicle

2.2 If the vehicle is transferred from one state RTO to a different state RTO

2.3 If the vehicle is used for any commercial activities viz. taxi service, delivery, etc., or in any competitive events like races, rallies, etc

2.4 If any modification is carried out on/in the vehicle

2.5 If the odometer has been tampered with

2.6 If the vehicle is not maintained in working condition as per the web inspection report of BeepKart at the time of purchase

2.7 If the vehicle falls in the category of Not to procure vehicle at the time of Buyback.

3. BeepKart can deduct the repair/replacement charges from the buyback value in the cases as follows

3.1 Any major broken, damaged, non-functioning, or missing part

3.2 Repair and painting cost of any dents on the body parts

3.3 Pending traffic violations, challans, regulatory taxes if any pending

3.4 If the vehicle is hypothecated and does not have the NOC from the concerned bank/financing company

3.5 If the registration certificate of the vehicle is lost, missing, or mutilated.

*This buyback program is only applicable for purchases made on or after 18/10/2023. For purchases made before this date, our customers can choose to sell to BeepKart via our regular buying process.

Notes

a. The assured buyback value is as per usage assumptions of up to 3000 km per Quarter. Any usage beyond this would lead to a readjustment of the assured buyback valuation. (Typically a bike depreciates by Rs. 1-3/km driven.)

b. The customer is required to close all open liabilities associated with the bike including closure of the loan, if any, before the bike can be returned under this program.