Bike Pricing Question

[Joanna Moss]

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.

- Joanna

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.
> 
> 
> Andy
>