Bike Pricing Question
andy at prestonmedina.com
Mon Jun 9 19:47:33 PDT 2008
Was the bike formally totaled by the insurance company, or did they pay
out an amount to fix the bike ? If it wasn't formally totaled, then
there is no reason for a salvage title. If it was totaled, then you
should have a dollar number which was your buy back from the insurance
company. FWIW, my buy back when I totaled my 01 SVS in 02 was about
$850. If there is no salvage title issue, the steps to get it back on
the road are much less. The bike is also worth more. A salvage titled
bike will need more steps to get it back on the road, and you can only
basically get liability insurance for it.
Personally $1500 seems high to me, especially if there are missing
bits, as the cost for those can easily add up. Maybe $1500 if it was a
runner and complete.
More information about the SV650