salvage title values

borto1990 · 08-23-2010, 08:31 PM

is there a web site that has the price of bikes based on if they have a salvaged title, like the KBB site for salvaged? I have a buddy looking at a bike, the owner said he bought it salvaged and didn't know why it was salvaged. he put 6K on it and is selling for more than the kelly blue book value for trade in with a good title. I could not find anything on how much a salvaged title detracts from it's value. well, beyong buyers common sense I guess. thanks for any help.

jandreu · 08-23-2010, 08:59 PM

Don't know of a rule of thumb for salvaged vehicles. A salvaged title just means that at some time the vehicle was declared a total loss and an insurance company paid off on it.

I purchased a used truck for my son with a salvaged title due to the truck had been stolen, paid off and then recovered undamaged.

The bike could have been wrecked, water damage, stolen , etc. My rule of thumb is 75 to 80% of book value. Just my 2 cents.

kenb · 08-23-2010, 09:10 PM

A vehicle can have a salvage title with minimal damage or can't tell what it was. So, IMO, a vehicle with a salvage title is worth whatever somone is willing to pay. People have bought salvaged vehicles for parts, some have bought them to restore.

**Jared** · 08-24-2010, 10:39 AM

If the owner doesn't know why it has a salvaged title, I wouldn't buy it imho. I would want to know what type of accident it had been in.

jasperboy · 08-24-2010, 11:30 AM

I'd only buy salvage if I never inteneded to try and resell. Seems that it reduces the value by 25% minimum, and perhaps as much as half or more. If someone is trying to get KBB value with a salvage title, I'd keep looking.

Loafer · 08-24-2010, 04:36 PM

I would tell my friend to keep looking. There are a lot of deals on titled bikes. And selling in the future won't be a problem.

radco · 08-24-2010, 08:15 PM

IMO. If you dont know the damage stay away... avg price from what I remember is in the 25/50% less then KBB....Not more.ALSO some insurance Co. wont insure a Salvage bike or car. Resale as stated can be a pain........

delivery58 · 08-25-2010, 09:40 PM

The stigma attached to Salvage Titles make them (cars, bikes,....) difficult to resell. Street smarts value... 30% - 50% deduct.

v0lusia · 08-31-2010, 12:25 PM

Quote:

Originally Posted by radco

IMO. If you dont know the damage stay away... avg price from what I remember is in the 25/50% less then KBB....Not more.ALSO some insurance Co. wont insure a Salvage bike or car. Resale as stated can be a pain........

+1 also some states make it difficult to register salvaged vehicles so make sure he checks the local laws before buying.

phenrichs · 08-31-2010, 04:11 PM

My bank's rule is that they will only finance 75% of clean book value. that is a good rule to go by. If it is fixed up perfect or even better than new that gives you a good place to start your negotiation

08-23-2010, 08:31 PM	#1
borto1990 Member Join Date: Jan 2009 Location: grand rapids, mi Posts: 475	salvage title values is there a web site that has the price of bikes based on if they have a salvaged title, like the KBB site for salvaged? I have a buddy looking at a bike, the owner said he bought it salvaged and didn't know why it was salvaged. he put 6K on it and is selling for more than the kelly blue book value for trade in with a good title. I could not find anything on how much a salvaged title detracts from it's value. well, beyong buyers common sense I guess. thanks for any help. Login or Register to Remove Ads
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08-23-2010, 08:59 PM	#2
jandreu Sr. Member Join Date: Jan 2010 Location: Makawao, Hawaii Posts: 1,409	salvage title values Don't know of a rule of thumb for salvaged vehicles. A salvaged title just means that at some time the vehicle was declared a total loss and an insurance company paid off on it. I purchased a used truck for my son with a salvaged title due to the truck had been stolen, paid off and then recovered undamaged. The bike could have been wrecked, water damage, stolen , etc. My rule of thumb is 75 to 80% of book value. Just my 2 cents. __________________ James Andreu '07 1600 Red/Silver VBA Member #1356 jandreu@hawaiiantel.net
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08-23-2010, 09:10 PM	#3
kenb Advanced Member Join Date: Aug 2008 Location: Galt, Ca Posts: 514	salvage title values A vehicle can have a salvage title with minimal damage or can't tell what it was. So, IMO, a vehicle with a salvage title is worth whatever somone is willing to pay. People have bought salvaged vehicles for parts, some have bought them to restore. __________________ VBA 00735 VROC 28102 2008 KVN MOB & NS The only hand-held device that should be legal to use while driving is the STEERING WHEEL!
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08-24-2010, 10:39 AM	#4
Jared Join Date: Mar 2009 Location: Greeley, Colorado Posts: 6,772	salvage title values If the owner doesn't know why it has a salvaged title, I wouldn't buy it imho. I would want to know what type of accident it had been in. __________________ Jared VBA #1051 (Former President)
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08-24-2010, 11:30 AM	#5
jasperboy Sr. Member Join Date: Jan 2009 Location: Wadsworth, OH Posts: 1,238	salvage title values I'd only buy salvage if I never inteneded to try and resell. Seems that it reduces the value by 25% minimum, and perhaps as much as half or more. If someone is trying to get KBB value with a salvage title, I'd keep looking. __________________ Current Bike - 2011 Victory Vision Tour Previous Bike: 2006 Nomad Original Nomad: 1999 G/G Nomad VBA #931R VROC #16379R Login or Register to Remove Ads
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08-24-2010, 04:36 PM	#6
Loafer Sr. Contributor Join Date: Dec 2008 Posts: 18,287	salvage title values I would tell my friend to keep looking. There are a lot of deals on titled bikes. And selling in the future won't be a problem. __________________ Gerry Martineau / 802 VT / VBA #0892 /[email]glmjgm@gmail.com[email]
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08-24-2010, 08:15 PM	#7
radco Sr. Member Join Date: Oct 2007 Location: Dedham Maine Posts: 4,199	salvage title values IMO. If you dont know the damage stay away... avg price from what I remember is in the 25/50% less then KBB....Not more.ALSO some insurance Co. wont insure a Salvage bike or car. Resale as stated can be a pain........ __________________
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08-25-2010, 09:40 PM	#8
delivery58 Member Join Date: Apr 2008 Location: North Idaho Posts: 400	salvage title values The stigma attached to Salvage Titles make them (cars, bikes,....) difficult to resell. Street smarts value... 30% - 50% deduct. __________________ Vinnie in North Idaho
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08-31-2010, 04:11 PM	#10
phenrichs Sr. Member Join Date: Jun 2008 Location: Sioux Falls, SD Posts: 2,498	salvage title values My bank's rule is that they will only finance 75% of clean book value. that is a good rule to go by. If it is fixed up perfect or even better than new that gives you a good place to start your negotiation
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