The major difference comes in the styling of both the Royal Enfield motorcycles. The Bullet 500 gets a vintage design with normal tyres and single, long seat. The Classic 500 comes with a modern touch and gets wide, MRF Zapper wheels for a better road grip.  The seat is even divided and the bike gets an INR 8,000 premium price over the Bullet 500. Both the motorcycles use the same 1-cylinder 499 cc motor but produces different values due to different power tunings. The Bullet 500 produces 26.1 BHP and 40.9 NM of torque whereas the Classic 500 produces 27.2 BHP and 41.3 NM of torque. The Royal Enfield Classic 500 is a better option when choosing between both of them.