Opinion, $ or Salvage

bikewanker

bikewanker

Well-known member
Re The Quincy Incident. I've been offered settlement on the 2013 tr650 Husquette, $5500 or $1500
$ Pros;
1. Cash is king
2. 1.5 projects and need to downsize
3. My MC Mentor will sell me the same bike with half the miles and l would still have $ for a week of hookers and blow!
4. Said Mentor would rather ride than mess with my stuff
5. The shoulder recovery is unknown at this time.
Cash Cons;
1. Was the most fun bike to ride any time! Silly stuff too like Hawthorne, Quincy and Utah!
2. $1500 is chump change in this neighbourhood.
3. There appears to be no fork damage. Besides radiator miscellaneous gauge, fairing and turn signal mounts.
4. I would have 87% spares for the replacement.
5. I'd have to choose per line 3!

I have not seen the estimate. Not sure how common parts are, didn't see much of what I need on eBay. Filled out Procrastinators Anonymous membership card but.
 
cg_ops

cg_ops

1-Armed Bandit
They're low balling you on keeping the salvage - that's insanely low if the buyout is $5500.

I'd go for the $5500 and option 3.

Buyout vs Salvage for my WR250 was $4500 vs 3500. It wasn't even a question, I took the 3500 and spent $500 to fix him.
 
ctwo

ctwo

Merely Rhetorical
3. are you saying you get $5500 and loose the bike, and then you can buy another one for less, and with less mileage?
 
Rumbo Sur

Rumbo Sur

learning everyday
I'm assuming your choices are pay the $1500 and keep the bike? ... OR ... take the $5500 payout and they keep the bike? If you keep it ... it's a salvage title, which is NO BIG deal if you plan to keep bike forever. Re-sale of a salvaged bike can be low and can be HARD to sell on.

I think you may find the insurance company might negotiate further, so may be able to pay LESS than $1500?

But $5500 is a HUGE pay out ... and I see used TR650 Huskies, low miles for less than that! I love the look of the Husky but she is a bit heavy, IMO. (no, never have ridden one!)

If you like DIRT only, try the TE450. I have ridden that bike and LOVED IT in deep sand and rocky stuff. Very stable. Not a great long distance street bike but pretty awesome off road. But you probably already know all this. For $5500 you could buy several really good replacement bikes, like a nice DR650 and still have $1500 to put into it.
Cheap, Cheerful, unbreakable bike!

Best of luck with your decision! :thumbup
 
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J

Junkie

gone for now
As other people said, it isn't entirely clear what you mean.

They say value is $5500.

Is buyback $1500 (so you can keep the bike and $4000) or is buyback $4000 (so you can keep the bike and $1500)?
 
Strigoi

Strigoi

Banned
If they'll give you $5500 and they keep the bike do it.

If they'll give you $1500 and you keep the bike you may be able to make some on it if you part it out. Parting out the bike is a lot of work tough. A completely disassembled bike takes up a lot of space. Then there's the hassle of dealing with CL/Ebay/forums for all the parts.

I bought an incomplete DRZ400SM for parts for $1300 IIRC. I kept some stuff and still profited over $3,000 on that bike. It took time and selling a lot of small parts though. I could have made another $1,000 had I not sold the frame (clean title) and subframe to a buddy at work for $500. He had a dirt DRZ that he wanted to get on the street with a SM setup.

edit: I have no idea what the market value is or what parts are worth on the bike that OP is talking about.
 
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ErictheRed

ErictheRed

Well-known member
How much do you love the bike? That's the question. You'll likely never sell it again, or not for any reasonable amount of money, unless it's to someone that knows and trusts you a lot.
 
J

JimE

Rider
If you decide to keep and fix it I suggest you take a lot of photos of the process and archive them. I bought a salvage Ducati S2R1k a few years ago at a little below book and the pictures made all the difference. I could tell the likelihood of any frame damage was minimal. So it made the deal work. Otherwise I had nothing but the sellers word. I'm really happy with the bike and don't care about the resale value with a salvage title because it's a blast to ride and makes me smile. To each their own but that's the extent of my advice for you.
 
kuksul08

kuksul08

Suh Dude
Hmm. Buyback on my wee was $300 plus deductible. $1500 seems high since they will certainly get less from a salvage yard.

From my experience it really depends on the type of crash. My bike looked fine but took about $900 in repairs (and that's cheap ebay deals) to get back in tip-top shape.
 
ctwo

ctwo

Merely Rhetorical
Well, let me offer you this scenario:

1: I trade you the same bike with less miles and give you some money for hookers and blow (u should spend it on your mentor).

2: I take your bike, wreck it, and give you $1500 for the pleasure.

There is always option 3.
 
cg_ops

cg_ops

1-Armed Bandit
ctwo said:
2: I take your bike, wreck it
Click to expand...

Wreck is very subjective. On the left side of my bike, I scratched my rims (more like nicks), the swingarm, the front fork, and levers. Between parts and labor to replace all the parts, it was $3200 in parts/labor. Aside from a bent lever, eveything was cosmetic. I only replaced the levers and made a couple upgrades. The insurance totaled it out. It's not got a salvage title due to 99% cosmetic scuffs... 1% was he bent levers.

This is post-accident... only changes to the bike since the crash is levers and grips.
http://i.imgur.com/NDcdpIz.jpg
It's about dollars, not damage.
 
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J

Junkie

gone for now
ctwo said:
Well, let me offer you this scenario:

1: I trade you the same bike with less miles and give you some money for hookers and blow (u should spend it on your mentor).

2: I take your bike, wreck it, and give you $1500 for the pleasure.

There is always option 3.
Click to expand...
Except that he's getting $4000 and keeping the bike. The cost of the buyback is $1500, what he gets to keep is $4000.
 
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