Salvage Titles/bikes

Porkchop · 02-08-2010, 06:22 PM

I've been looking into a company out of Cinci that deals in salvage bikes for awhile. Some of them are absolute no-nos, but a couple of them look really good. I found a 2006 Suzuki GS500 with 8000ish miles for $1800. Just some scratches on the pipe and the edge of the side fairing, but a new pipe would clean it up. I am really interested to go eye check it.

Anybody have any problems with insurance companies and salvages???

http://www.racersedge411.com/

Quick281 · 02-08-2010, 06:30 PM

The bike may look good but remember its a salvaged bike. Could there be something you aren't seeing?

I bought my Gix back from the insurance as a salvage bike but only because I knew exactly what happened to it.

Porkchop · 02-08-2010, 06:48 PM

Quote:

Originally Posted by Quick281

The bike may look good but remember its a salvaged bike. Could there be something you aren't seeing?

I bought my Gix back from the insurance as a salvage bike but only because I knew exactly what happened to it.

I would always mill over it with eyes and hands, have them start it and get it up to temp, look for fluid or leaks, they allow test rides with cash.....

Rangerscott · 02-08-2010, 07:20 PM

I've been told either it works out or its a nightmare. Salvage title is still a title. It just means that it was damaged more than its worth. Does not mean the vehicle/bike is worthless. Depending on your state you can rebuild the title to a normal title. Takes time and money.

I dont know about getting a salvage insured but being legal to ride on the road is fine. Just don't expect a good resale value. People see salvage and look away. There's a guy here the sells salvaged bikes. Mainly plastic damage and he replaces and they look brand new again.

OneSickPsycho · 02-08-2010, 09:40 PM

If you're lookin for a 500 or similar, you can get them all day for that price without a salvage title. Prolly a bit older with more miles, but I've seen really, really clean bikes go for that coin.

BobTheBiker · 02-08-2010, 10:24 PM

an 06 GS500F with a salvage title is worth less than that frankly. $1800 will get you a GOOD used GS500F with a clean title. if its salvage, I wont spend more than $1000 at most unless absolutely everything checks out, I can hear it running, and know it rides straight.

Porkchop · 02-08-2010, 11:14 PM

Interesting.... it seems like all of these bikes are going for around $2300-2800 range here on CL. Even in the dead middle of winter!!! Unless you want a bike from 1991 thats had like 6 owners....

But yes, under my current financial situation... a 500 is about what I can afford. I'd be happy with it.

goof2 · 02-09-2010, 01:16 PM

Quote:

Originally Posted by Porkchop

Interesting.... it seems like all of these bikes are going for around $2300-2800 range here on CL. Even in the dead middle of winter!!! Unless you want a bike from 1991 thats had like 6 owners....

But yes, under my current financial situation... a 500 is about what I can afford. I'd be happy with it.

They are asking $2,300-$2,800. Are they really selling for that?

A GS500 is a serviceable bike. My brother had one and put over 40k miles on it. He had a Yoshimura full system on it (don't know if they offer it anymore) that even sounded OK.

Porkchop · 02-09-2010, 01:52 PM

Quote:

Originally Posted by OTB

JMHO, but: There is nothing wrong with buying a salvage titled bike, as long as you know what you are looking at. If it won't run and ride when you buy it, you have no way of knowing about strange handling, lack of shifting (that's what happens when you bang the shift lever over with full load; shifting drums gall, internal springs break, or shift forks bend) or new and exciting leaks.

Understand that a decent salvage bike with simple cosmetic issues can be a cheap reliable ride for many years.

A. I'll NEVER buy a salvage titled bike from a dealer/salvage house. They are marked up 100% over what is available from private parties on CL and Cycletrader.

B. Low end bikes can be had for nearly the same price with or without a salvage title; it just takes a little patience and shopping.

Thanks OTB, I figued I'd get some good stuff from you. The link you gave is a neat little site. Already found some good stuff that I think I can haggle on!

Quote:

Originally Posted by goof2

They are asking $2,300-$2,800. Are they really selling for that?

A GS500 is a serviceable bike. My brother had one and put over 40k miles on it. He had a Yoshimura full system on it (don't know if they offer it anymore) that even sounded OK.

I havn't pushed anybody yet. But with a foot of snow on the ground right now... I think they would be happy with the money in their pocket...

BobTheBiker · 02-08-2010, 11:31 PM

Understandable, but the number of owners isnt a HUGE deal. honestly, I've never given a shit how many people owned a vehicle, just how many have taken good care of it, and fixed issues it may have.

02-08-2010, 06:22 PM	#1
Porkchop 125GP Champion Join Date: Aug 2008 Location: Worthington, OH Moto: Empty Garage Posts: 3,418	Salvage Titles/bikes I've been looking into a company out of Cinci that deals in salvage bikes for awhile. Some of them are absolute no-nos, but a couple of them look really good. I found a 2006 Suzuki GS500 with 8000ish miles for $1800. Just some scratches on the pipe and the edge of the side fairing, but a new pipe would clean it up. I am really interested to go eye check it. Anybody have any problems with insurance companies and salvages??? http://www.racersedge411.com/ __________________ *Coming soon? 2010 Ducati Monster 696 - Sold 1984 Honda VF500F - Sold 1999 Yamaha R6 - Sold

02-08-2010, 06:30 PM	#2
Quick281 Victim of Blazer Rapage Join Date: Mar 2008 Location: Talkeetna, AK Moto: 06 GSXR 600 Posts: 1,707	The bike may look good but remember its a salvaged bike. Could there be something you aren't seeing? I bought my Gix back from the insurance as a salvage bike but only because I knew exactly what happened to it. __________________ -Alex- Resident TWFix Noob. My 06 GSXR 600 <-- Its Clickable Fools.

02-08-2010, 11:14 PM	#7
Porkchop 125GP Champion Join Date: Aug 2008 Location: Worthington, OH Moto: Empty Garage Posts: 3,418	Interesting.... it seems like all of these bikes are going for around $2300-2800 range here on CL. Even in the dead middle of winter!!! Unless you want a bike from 1991 thats had like 6 owners.... But yes, under my current financial situation... a 500 is about what I can afford. I'd be happy with it. __________________ *Coming soon? 2010 Ducati Monster 696 - Sold 1984 Honda VF500F - Sold 1999 Yamaha R6 - Sold

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02-08-2010, 07:20 PM	#4
Rangerscott Viff6N Mutated Warrior Join Date: Mar 2009 Location: Texas Moto: '01 Honda VFR 800 & '09 ER-6N Posts: 8,704	I've been told either it works out or its a nightmare. Salvage title is still a title. It just means that it was damaged more than its worth. Does not mean the vehicle/bike is worthless. Depending on your state you can rebuild the title to a normal title. Takes time and money. I dont know about getting a salvage insured but being legal to ride on the road is fine. Just don't expect a good resale value. People see salvage and look away. There's a guy here the sells salvaged bikes. Mainly plastic damage and he replaces and they look brand new again.

02-08-2010, 09:40 PM	#5
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	If you're lookin for a 500 or similar, you can get them all day for that price without a salvage title. Prolly a bit older with more miles, but I've seen really, really clean bikes go for that coin.

02-08-2010, 10:24 PM	#6
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	an 06 GS500F with a salvage title is worth less than that frankly. $1800 will get you a GOOD used GS500F with a clean title. if its salvage, I wont spend more than $1000 at most unless absolutely everything checks out, I can hear it running, and know it rides straight.

02-08-2010, 11:31 PM	#10
BobTheBiker too much time on my hands Join Date: Jul 2008 Location: the northern district of god damn Moto: 01 ZX6R, looking for more now. Posts: 1,802	Understandable, but the number of owners isnt a HUGE deal. honestly, I've never given a shit how many people owned a vehicle, just how many have taken good care of it, and fixed issues it may have.