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Salvage...title questions

Started by 118811, November 17, 2012, 05:08:42 PM

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118811

Been coming across a lot of bikes on Craigslist here in Honolulu with "salvage" title..... Some say only cosmetic issues, scratched fairings etc.

My questions

1. Would an insurance co really salvage a title for cosmetics?
2. If a title has been salvaged...the bike has needs to be re certified to be sold & does the reason have to be stated on title & or paperwork?
3. Lastly how much of average does a Salvage title devalue a bike?


Thanks all....& any other input appreciated!!!
My people skills are just fine.
It's my tolerance to idiots that needs work.

Howie

Quote from: 118811 on November 17, 2012, 05:08:42 PM
Been coming across a lot of bikes on Craigslist here in Honolulu with "salvage" title..... Some say only cosmetic issues, scratched fairings etc.

My questions

1. Would an insurance co really salvage a title for cosmetics?
    Yes, but don't be fooled, there may be hidden damage.
2. If a title has been salvaged...the bike has needs to be re certified to be sold & does the reason have to be stated on title & or paperwork?
    Each state has it's own rules.  The requirements for for getting a reconstructed title differ from state to state.
3. Lastly how much of average does a Salvage title devalue a bike?
    Local markets rule, but I would say spend no more than half retail value.  Collision and comprehensive insurance might also be a problem.


Thanks all....& any other input appreciated!!!

118811

Thanks for the education Howie... [thumbsup]
My people skills are just fine.
It's my tolerance to idiots that needs work.

Dry Martini

Call your insurance company and ask them about insuring a bike with a salvage title. I know in S.C, State Farm will provide full coverage for a salvage title vehicle. I would not even have to get the title "cleaned up", though it would not be worth much to any perspective buyer down the road...
I feel sorry for people who don't drink. When they wake up in the morning, that's as good as they're going to feel all day. -Frank Sinatra

BlackdogGS

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