Bike Pricing Question
jo at fapg.net
Mon Jun 9 20:54:03 PDT 2008
The bike was formally totaled. I know it is worth less with a salvage
title. Fortunately, the friend who wants to buy it has experience with
getting salvage titles.
I would think it would be worth more than $1500 running and complete,
even with a salvage title. However, it does seem a bit high considering
how much work it needs. I'll think about it.
Thanks to everyone for the advice. It gives me a great starting point.
Andy Preston wrote:
> 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