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Topic: Cosmetic Salvage  (Read 2247 times)

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« on: January 28, 2009, 12:33:33 AM »

Ever notice how many bikes are out there for sale with salvage titles and nothing but cosmetic damage?  Almost comes across as a scam.

http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=280306230436&sspagename=STRK%3AMESELX%3AIT&viewitem=

What's up with that?  You telling me claiming a tip over is going to total a bike?
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« Reply #1 on: January 28, 2009, 09:03:56 AM »


You telling me claiming a tip over is going to total a bike?


Yeap....a tip over "can" create a totaled bike. If the claims adjuster is picky enough, I've known them to total a bike for a scratch on a frame. The way they view it, for safety reasons, there may be a liability if the scratch on a frame is not the only thing wrong with the frame, so they insist on a frame replacement, and the labor for a frame swap is very high.

As for the auction, a 2003 M800 has an NADA in stock configuration ranges from a value of $3760 for low retail and $4945 for average retail. If they base its value off of low retail (since it has been wrecked), a new tank is probably $1200-$1600, which is 31%-42% the total value of the bike. You start adding the costs of other damages and the labor involved to have the items replaced, it would not take long to hit the majic number of 70% of value where most insurance companies would total the bike. The thing that surprises me and raises a red flag is that the Monster in the auction has a "non-repairable" title.

If my 748 fell over and it got a scratch on the tank and tail fairing, I'd expect an insurance company to total it out. Those two pieces of body work are expensive!
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« Reply #2 on: January 28, 2009, 11:56:47 AM »

As long as you take your time to check the bike out of other hidden damage, a tipped unit can be an outstanding value.

One of my buddies wanted to move up from his KLR to a DL1000, but didn't have much money.  I directed him to a crashed bike site and he bought one with 700 miles and tweaked forks.  He bought all new fork parts and fixed it himself.  Other than sprayed over tank rash, his bike looks new and cost him only $3000.
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« Reply #3 on: January 29, 2009, 01:01:09 AM »

Guess I've been shopping in the wrong places.
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« Reply #4 on: February 01, 2009, 03:11:43 PM »

Don't forget that there can be obstacles to getting it licensed in some states. In my state (IN) you have to supply DMV with before and after photos, and receipts for all of the replaced parts. Then it has to be inspected by local law enforcement for safety. Then you get a salvage title. Not too difficult, but depending on your local DMV and LEO, it can be a headache to cross all the t's and dot all the i's

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« Reply #5 on: February 01, 2009, 03:35:58 PM »

Keeping receipts is a good idea.  In Minnesota and Wisconsin you need to show where the parts come from.

Theives used to steal a car or bike, strip it, and leave the carcass to be recovered.  Then they would buy it from the insurance company and slap the stolen parts back on.
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« Reply #6 on: February 04, 2009, 08:59:48 AM »

From the eBay listing:
Quote
It has the classic Ducati tank dents by the handlebars (typical of a stand still tip-over),


Classic?   Lol

OTOH, someone took this classic home for only $1425 plus shipping.   Thumbsup

Also:
Quote
comes with a California non-repairable title. Do your homework on what this means in your state.
Every state differs in how it handles police tows, theft recoveries and insurance buybacks so ask your local DMV before bidding. Do not ask me.
You are looking at the bike exactly how I purchased it from insurance. There is minor cosmetic damage as pictured and no repairs have been performed.


The seller was very up front over what he was offering.
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« Reply #7 on: February 04, 2009, 09:02:17 AM »


Theives used to steal a car or bike, strip it, and leave the carcass to be recovered.  Then they would buy it from the insurance company and slap the stolen parts back on.


That's clever.  Lol
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« Reply #8 on: February 16, 2009, 06:40:53 PM »

Somebody got that bike for $1450! Not bad at all. Wow
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« Reply #9 on: February 17, 2009, 12:20:28 AM »


Somebody got that bike for $1450! Not bad at all. Wow


Unbelievable.
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« Reply #10 on: February 25, 2009, 10:17:08 AM »

Had I called the insurance company when I dropped the VFR or GS500, both would have been hauled off to the scrapyard.

The way I see it, if I think I can fix it (less a few scratches), then I do.

Insurance companies price out returning a bike to pristine condition.  Most of us motorcyclists don't give a darn if there's a scratch on the muffler or tail fairing, but insurance adjusters do.

Actually, I'm kind of surprised that the owner of that monster didn't just keep riding it  Headscratch  I totally would have, and then the bike wouldn't have had a non-repairable salvage title.
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« Reply #11 on: February 25, 2009, 10:34:26 AM »


Actually, I'm kind of surprised that the owner of that monster didn't just keep riding it  Headscratch  I totally would have, and then the bike wouldn't have had a non-repairable salvage title.


Once a bike (or a car) is totalled it becomes the property of the insurance company to resell as parts, scrap, or as a rebuilder.  A good agent would first offer the previous owner the carcass, but they would have to buy it.
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« Reply #12 on: February 25, 2009, 02:51:56 PM »


Once a bike (or a car) is totalled it becomes the property of the insurance company to resell as parts, scrap, or as a rebuilder.  A good agent would first offer the previous owner the carcass, but they would have to buy it.

My point was that I don't call the insurance company if it's a couple of scratches because I would rather keep riding a bike than see it written off as scrap metal because I my boot slipped out from under me in a parking lot.
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« Reply #13 on: February 26, 2009, 07:28:20 AM »


As long as you take your time to check the bike out of other hidden damage, a tipped unit can be an outstanding value.

One of my buddies wanted to move up from his KLR to a DL1000, but didn't have much money.  I directed him to a crashed bike site and he bought one with 700 miles and tweaked forks.  He bought all new fork parts and fixed it himself.  Other than sprayed over tank rash, his bike looks new and cost him only $3000.

What is this site?
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« Reply #14 on: February 26, 2009, 11:13:42 AM »



What is this site?



He used this one:
http://www.crashedtoys.com/

This one is owned by one of my co-workers high school buddies:
http://www.crankyape.com/default.asp

I have seen deals, and I have seen people pay way too much for stuff.  Just know what things are worth before you bid and remember there may be hidden damage.


I am sure there are many other places around the country like these two.  Ask your insurance agent who he uses.
« Last Edit: February 26, 2009, 11:21:01 AM by spd2918 » Logged

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