Yamaha FZ S FI Price- Mileage, Colors & Buying Guide

New Yamaha FZ S FI V4 bikes lose roughly a quarter of their value in the first year. After that, the market settles. The FZ V4 holds value slower than many competitors in its class, which is exactly why buying used makes financial sense. What you're actually looking at matters more than the model year alone.

A used Yamaha FZ S FI V4 is a straightforward way to own a lightweight commuter that prioritizes fuel efficiency and everyday reliability over raw performance. It isn't the most powerful 150cc bike on the market. The Bajaj Pulsar N160 beats it there. What it is: genuinely fuel-efficient (50 kmpl real-world), the lightest at 136 kg, and packed with Bluetooth connectivity, traction control, and LED lighting throughout. Built on a platform refined since 2021, the current V4 generation has stayed consistent enough that a 2022 looks almost identical to today's 2025 stock.

New FZ S FI V4 bikes start at around ₹1,20,402 ex-showroom in Delhi, depending on the variant, before road tax and insurance. A certified pre-owned unit lets you skip the worst of that depreciation curve and get the same bike at significantly lower cost.

This guide covers what you actually pay for a used FZ V4, what mileage to realistically expect, the generational differences between the V3 and V4 that matter when comparing machines, and the inspection steps that separate a bike that looks fine from one that actually is fine.

Yamaha FZ S FI V4: Quick Answer

• Ex-showroom price (Delhi, September 2026): ₹1,20,402 to ₹1,31,446 across variants
• Engine: 149cc single-cylinder, air-cooled, PFI (petrol fuel injection), BS6 Phase 2, E20-compatible. 12.4 PS @ 7,250 rpm, 13.3 Nm @ 5,500 rpm
• Claimed mileage: 60 kmpl (ARAI). Owner-reported real-world average is 48.7 to 50 kmpl in city riding
• Braking: Front 282mm disc with single-channel ABS, rear 220mm disc (no rear ABS). Traction control standard
• Weight: 136 kg, one of the lightest in its class
• Colours: 6 standard finishes—Ice Fluo-Vermillion, Cyber Green, Racing Blue, Metallic Grey, Majesty Red, Matte Black
• Transmission: 5-speed manual
• Certified pre-owned price (Vutto network): Current stock varies by model year and condition; check available listings for today's range
• Not the same as the FZ V3. The V3 is the older generation (2014–2021), cheaper by roughly ₹3,000 new, missing traction control and with a dimmer headlight

Brand New vs. Certified Pre-Owned Yamaha FZ S FI V4

A new FZ V4 loses a third of its value in the first year regardless of how carefully it's ridden. Buying used means someone else has already paid that depreciation cost.

Yamaha FZ S FI V4 vs. Rivals

The Pulsar N160 costs only ₹2,546 more than the Yamaha but gives you 3.48 more bhp and a heavier bike to manage in traffic. The Yamaha wins on weight, fuel economy and Bluetooth. The Pulsar wins on warranty (5 years vs. 2 years) and raw acceleration. Pick your priority—don't pretend they're the same bike.

Yamaha FZ S FI V4: Specifications

Yamaha FZ S FI V4 Features

1. Bluetooth connectivity. The Y-Connect app pairs with the bike's LCD cluster to let you track ride data — distance, average speed, fuel consumption history. It's a convenience feature, not a necessity. On older bikes, the wiring harness is sometimes the first thing to fail if the dealer's installation was careless.
2. LED headlight and tail light. The V4 redesigned both from the V3, making them brighter and fresher-looking. This is a low-failure-rate feature, but when the LED module does fail, replacement cost is higher than a traditional bulb.
3. Traction control. New to the V4. Works by modulating engine power and braking when it detects wheel slip — useful in rain or low-grip surfaces, less relevant on city tarmac. It adds complexity; on a six-year-old bike, the system may not be responding as it originally did, so test it by checking if the light flickers during the test ride.
4. 5-speed gearbox. Geared short for stop-start city riding rather than sustained highway running. Most riders find the spacing comfortable in traffic; some feel it revs too high on the highway.
5. Single-channel ABS, no rear ABS. The front wheel has ABS; the rear doesn't. That's the legal minimum for a 149cc bike in India. On wet braking, the rear can lock if you brake hard and lean, so threshold braking (maximum braking without locking) is more important on this bike than on one with dual-channel ABS.

FZ S FI V4 vs. FZ S FI V3: What Changed?

The V3 (older generation, 2014–2021) and the V4 (current, from ~2021 onwards) share the same 149cc engine and performance numbers. Here's what actually differs:

If you find a V3 in the used market at a significantly lower price, condition and service history matter far more than missing traction control. A well-maintained V3 is a better buy than a neglected V4.

Yamaha FZ S FI V4 Mileage

ARAI tested the bike at 60 kmpl. Real-world owner reports cluster around 48.7 to 50 kmpl in city and mixed riding, which is where most FZ riders actually use the bike.

At Delhi's current petrol price of ₹102.12 a litre, a 1,000 km month costs roughly ₹2,042 at 50 kmpl and about ₹2,269 at 45 kmpl. That ₹227 gap per 1,000 km adds up to ₹2,700 a year. It's not catastrophic, but it's money, and it's always a sign of something else that needs attention.

The things most likely to drag the FZ V4's mileage down:

• Clogged air filter (hasn't been replaced or cleaned in a year)
• Dragging rear brake or underinflated rear tyre
• Chain overdue for cleaning, lubing and adjustment
• Spark plug or valve clearance nobody has touched
• Hard throttle habits from the previous owner
• Engine oil overdue for a change; thick sludge kills economy

Check the air filter and chain before you agree on a price. Both take five minutes and they'll tell you how the bike was actually ridden.

Yamaha FZ S FI V4 Colours

The FZ S FI V4 currently comes in six colours:

On a used bike, colour and paint condition matter more as a maintenance question than a taste one. Metallic finishes show water spotting and fade faster than solid colours, especially at the tank edges. A resprayed tank is one of the cheaper ways to make a tired bike look restored right before listing, so ask whether the paint is original before the colour becomes your deciding factor.

Yamaha FZ S FI V4: Pros, Cons and What to Check

Pros: Lightweight at 136 kg (among the class leaders), genuine 50 kmpl real-world fuel economy, Bluetooth connectivity that actually works, comfortable upright ergonomics for daily commuting, Yamaha's wide and reliable service network, traction control (V4 only).

Cons: Modest power (12.4 PS puts it at the lower end of the 150cc segment), no rear ABS, no gear indicator, rear suspension tuning is firm rather than plush, single-channel ABS only (front wheel protected, rear wheel can lock under hard braking and lean), warranty shorter than competitors (2 years vs. Bajaj's 5 years), and panel gaps have been noted on new units at low mileage.

What to check, in this order:

1. Documents first - RC, insurance, PUC, ownership history, no pending hypothecation. Match the chassis number and engine number to the bike exactly—not roughly.
2. Cold start - Start the bike before the seller warms it up. Knocking or ticking that doesn't settle in thirty seconds points to compression or timing-chain wear, not just a cold engine.
3. Clutch and gearbox - Gear shifts should be smooth and consistent, not notchy. Clutch should engage crisply without slipping under load. Notchy shifts are common wear on the FZ and cost ₹1,100–₹2,200 to fix.
4. Chain and sprocket - Check for slack and hooked teeth. Excessive slack tells you the chain was never maintained; hooked teeth mean the bike was ridden hard. A worn chain set costs ₹2,200–₹3,200 to replace.
5. Suspension - Listen for squeaking from the front forks and check for oil weeping around the fork tubes. Press down on the seat and release—it should settle back down smoothly, not bounce multiple times.
6. Brakes - Check pad thickness (front disc), disc scoring, and brake feel. The rear brake is easy to forget; spin the rear wheel by hand and make sure it spins freely without dragging. Hard rear-brake action at low miles usually seized calipers from sitting.
7. Tyres - Check the sidewall date code, not just the tread. A four-year-old tyre with good tread is still a hardened, cracking tyre on the inside. Replace if older than three years.
8. Battery - On a bike with Bluetooth and an electric start, the battery is critical. Check the terminals for corrosion and the bike's ability to hold a charge.
9. Paint and body - Panel gaps, corrosion on the engine or frame, and signs of a repaint (overspray on trim, tape marks) are red flags that the bike has been in an accident or neglected.
10. Service book - If the FZ was serviced every 3,000–5,000 km as Yamaha recommends, it's had multiple chances for a mechanic to catch wear before it became expensive. A bike with two services in three years and 30,000 km is a different story.

The Yamaha FZ S FI V4 Buyer's Checklist

Step 1: Verify the documents. Match the RC to the bike. Chassis number and engine number must align exactly. Confirm the insurance is current, the PUC is valid, there's no pending hypothecation, and the ownership count matches what the seller claimed. A bike with five previous owners carries more risk than one with two, all else being equal.

Step 2: Run the mechanical inspection. This covers engine, transmission, frame, suspension, brakes, tyres, chain, electricals, battery, lights, fuel system and body panels. Vutto's 200-point inspection covers this exhaustively before listing. If buying privately, run this list yourself or pay a technician to do it—roughly ₹500–₹1,000.

Step 3: Take the test ride. The clutch should engage smoothly without slipping, gear changes should be consistent rather than notchy, and braking should feel progressive with no excessive vibration through the lever. The bike should track straight under light braking, the suspension should stay quiet over bumps, and every light and indicator should work. A bike that fails one of these checks isn't necessarily a bad buy—it just means there's a cost attached to fixing it, and that cost belongs in your offer.

Running Costs and Ownership: Service and Maintenance

Yamaha recommends servicing every 3,000 km in the first year, then every 5,000 km thereafter. At authorized Yamaha dealerships in Delhi, expect:

• 2nd service (1,000 km): ₹900–₹1,400
• Regular 5,000 km service: ₹1,200–₹1,800
• 18,000 km major service: ₹1,600–₹2,400
• Annual maintenance budget (authorized): ₹2,800–₹4,200

Doorstep service providers (who come to your home) charge roughly 30% less and are reliable for routine work. Many riders use them for oil changes and filter work, then visit the dealership for warranty-covered repairs or diagnostics.

Common wear items and their costs:

These are observed averages from FZ V4 owners and technicians across Delhi NCR, not guaranteed intervals—condition varies by maintenance, riding style and road conditions.

Used Yamaha FZ S FI V4 Prices in Delhi NCR

Current used Yamaha FZ bikes in Delhi NCR range from ₹25,000 (older 2015–2017 models) to ₹65,000 (2019–2021 units with 25,000–40,000 km). The FZ S FI V4 specifically (2021 onwards) sits in the higher part of that range.

Vutto's current stock varies by model year and available inventory as of your check date. Rather than locking in a range that shifts weekly, check today's certified pre-owned FZ S FI V4 listings on Vutto for exact pricing.

Who Should Buy a Used Yamaha FZ S FI V4?

1. City and suburban daily commuters whose riding is mostly office runs and weekend short trips. The FZ V4 excels here—lightweight, fuel-efficient, easy to handle in traffic, and comfortable for hour-long commutes.
2. First-time motorcycle buyers who want a reliable bike without a new-bike budget. The narrow handlebars and light 136 kg weight make it approachable for newer riders.
3. Riders who value economy and reliability over performance. If you're comparing the FZ V4 to the Bajaj Pulsar N160 and the decision hinges on 3 extra bhp vs. ₹500 less fuel cost per month, the FZ is your bike.
4. Buyers who already have a Yamaha. Familiarity with the brand's service network and parts availability is a real advantage in used-bike ownership, especially after the first warranty year.

Buyers shopping for highway performance or weekend backroad speed are better served by the TVS Apache RTR 160 4V or the Bajaj Pulsar N160—more power, better braking, more aggressive geometry.

Why Buy a Certified Pre-Owned Yamaha FZ S FI V4 from Vutto?

Buying a used bike privately means taking the seller's word for mechanical condition, accident history and paperwork. That's a dice roll. Here's what changes when you buy certified pre-owned from Vutto:

• 200-point inspection before listing. Every FZ S FI V4 is inspected across engine, transmission, frame, suspension, braking, electrics and body. Nothing hidden—condition is documented before you see it.
• 6-month warranty on refurbished bikes. Manufacturing defects and major mechanical failures are covered, giving you breathing room to discover issues.
• Best Price Guarantee. The price you see is the price you pay—no negotiation theater.
• RC and ownership verified. Papers are clean, ownership count is confirmed, and there's no pending hypothecation or legal claims. The bike is yours to ride from day one.
• End-to-end RC transfer handling. No sitting in RTOs or following up with bureaucrats. Vutto handles the paperwork.
• Finance assistance on selected bikes. Certified pre-owned FZ S FI V4 units may qualify for partner financing, depending on bank eligibility.

Refurbished bikes come with the inspection and the warranty. That's what turns a private-sale gamble into a certified purchase.

Key Takeaways

• New FZ S FI V4 pricing ranges ₹1,20,402–₹1,31,446 ex-showroom (September 2026, Delhi).
• Real-world mileage averages 48.7–50 kmpl, close to the ARAI claim of 60 kmpl but not in real city riding.
• The 149cc engine is modest on power (12.4 PS) compared to the Pulsar N160 (15.68 PS), but the Yamaha wins on weight, economy and Bluetooth.
• Single-channel ABS protects the front wheel only; the rear can lock under hard braking while leaned.
• Traction control is standard on the V4, absent on the older V3.
• Clutch wear (₹1,800–₹2,800) and chain stretching (₹2,200–₹3,200) are the most common costs around 22,000 and 18,000 km respectively.
• Service history and clean paperwork matter far more than a low odometer reading.
• A 200-point inspection and verified documentation are what separate a certified purchase from a private sale.

Frequently Asked Questions

Q1: What is the ex-showroom price of the Yamaha FZ S FI V4?
 A: ₹1,20,402 to ₹1,31,446 as of September 2026 in Delhi, depending on the variant. Road tax, insurance and state-specific levies add to this.

Q2: What mileage does the Yamaha FZ S FI V4 give?
 A: ARAI-tested at 60 kmpl. Real-world owner reports cluster around 48.7 to 50 kmpl in city and mixed riding, with individual results ranging 45–52 kmpl depending on traffic, load and maintenance.

Q3: How much does it cost to service a Yamaha FZ S FI V4?
 A: ₹900–₹1,400 for a routine 5,000 km service at an authorized dealership, ₹1,600–₹2,400 for the 18,000 km major service. Annual servicing averages ₹2,800–₹4,200 at dealerships or ₹2,000–₹3,200 via doorstep providers.

Q4: What is the difference between the FZ V4 and the FZ V3?
 A: The V4 (current, from ~2021) adds traction control, a redesigned LED headlight, a new instrument cluster, LED turn indicators on the DLX variant, and E20 fuel compatibility. Both have the same 149cc engine and 12.4 PS. The V4 costs roughly ₹3,000 more new.

Q5: Is the Yamaha FZ S FI V4 better than the Bajaj Pulsar N160?
 A: No. The Pulsar has more power (15.68 PS vs. 12.4 PS), a longer warranty (5 years vs. 2 years), and costs only ₹2,546 more. The Yamaha wins on weight (136 kg vs. 148 kg), fuel economy (50 kmpl vs. 47 kmpl), and Bluetooth. Choose based on whether you prioritize raw power or efficiency.

Q6: What should I check before buying a used Yamaha FZ S FI V4?
 A: Start with the RC and ownership documents. Then cold-start the engine, check the clutch and gearbox feel, inspect the chain and sprocket for wear, verify brake pad thickness and disc condition, check tyre date codes (not just tread), and review the service book. Ask about accident history and why the seller is parting with the bike. A test ride is mandatory.

Q7: How often should a Yamaha FZ S FI V4 be serviced?
 A: Every 3,000 km in the first year, then every 5,000 km thereafter. Strict adherence to this schedule extends the life of the engine and catches wear early.

Q8: Does the Yamaha FZ S FI V4 have rear ABS?
 A: No. It has single-channel ABS on the front wheel (282mm disc) only. The rear disc (220mm) has no ABS and can lock under hard braking, especially while leaned. This is the legal minimum for a 149cc bike in India.

Q9: Can I finance a used Yamaha FZ S FI V4 from Vutto?
 A: Finance assistance is available on selected certified pre-owned bikes through partner lenders, subject to eligibility. Ask about current terms when you visit or contact Vutto directly.

Q10: How reliable is the Yamaha FZ S FI V4 for long-term ownership?
 A: The engine is robust and straightforward, and Yamaha's service network across India is reliable. Common wear items (clutch, chain, spark plugs) are inexpensive. The main question isn't reliability—it's whether the previous owner maintained it. A well-serviced FZ V4 will run for 60,000+ km without major issues; a neglected one will surprise you with expensive repairs around 22,000 km.