Salvage title question...

[Socal5646]

can a bike be "salvaged" because the clutch and components were bad from the factory? Bike in question is a 2007 Ducati 695. It's what the owner claims....any thoughts on this?

[csmith12]

right....... sounds fishy to me

["A"]

I've bought and sold a few "salvaged" titled vehicles, some motorcycles,..

If clutch and components were bad from the factory, they would be replaced under warranty, that has nothing to do with the title status of the vehicle.

A salvaged title status is given to a vehicle when it has sustained damage that is recorded by insurance company.

[Socal5646]

Yeah...didn't sound right to me either...good thing I asked! Thank you sir(s)!

[Cuongism]

Unless I'm mistaken, a bike gets salvaged by the insurance company when a claim is made and the cost of repair is more than the bike is worth. The owner can buy the bike back or the insurance company can sell the bike but in either case the bike gets the salvaged title.

Someone will only make an insurance claim after a crash or accident. I doubt bad parts from factory will cause a claim.

[racegunnr]

to be a salvage title the bike needs to have been wrecked in one form of another and the damages would have had to been paid out by an insurance co. usually, mechanical issues arent paid under an ins claim unless damage was caused by the accident be it comprehensive or collision.

i call bs

[racegunnr]

Originally Posted by racegunnr

to be a salvage title the bike needs to have been wrecked in one form of another and the damages would have had to been paid out by an insurance co. usually, mechanical issues arent paid under an ins claim unless damage was caused by the accident be it comprehensive or collision.

i call bs

ok, was explained while i was huntin' n peckin'
stupid fat fingers

["A"]

AFAIK, if mechanical issues are repaired without insurance claims, the title would still stay "clean", not "salvaged".

[sopranos]

Originally Posted by Cuongism

Unless I'm mistaken, a bike gets salvaged by the insurance company when a claim is made and the cost of repair is more than the bike is worth. The owner can buy the bike back or the insurance company can sell the bike but in either case the bike gets the salvaged title.

Someone will only make an insurance claim after a crash or accident. I doubt bad parts from factory will cause a claim.

Yes and no.

Yes, a bike is salvaged when an insurance claim is made and they pay out money. However, it has nothing to do with whether or not they paid out more than the bike is worth. If you go through your insurance company for ANY amount of repair to a bike then it will end in a salvage title. Therefore, the owner must weigh the options of deductible and salvage title or pay out of pocket with clean title (for minor damages).

[Jiggles]

Originally Posted by sopranos

Yes and no.

Yes, a bike is salvaged when an insurance claim is made and they pay out money. However, it has nothing to do with whether or not they paid out more than the bike is worth. If you go through your insurance company for ANY amount of repair to a bike then it will end in a salvage title. Therefore, the owner must weigh the options of deductible and salvage title or pay out of pocket with clean title (for minor damages).

For example, this bike still has a clean title because the owner neglected to get insurance.

[sopranos]

Originally Posted by Jiggles

For example, this bike still has a clean title because the owner neglected to get insurance.

Haha, I love it!

That's why I put (for minor damages).

[randy328]

Originally Posted by sopranos

If you go through your insurance company for ANY amount of repair to a bike then it will end in a salvage title. Therefore, the owner must weigh the options of deductible and salvage title or pay out of pocket with clean title (for minor damages).

You don't get a salvage title for ANY repair to a bike.

The vast majority of states have specific laws as to when a vehicle becomes a salvage. Most require that the cost of repairs is 75% or more of the value of the vehicle at the moment before the damage, though some, like Florida, have an 80% requirement, some have a specific definition with dollar values (like Minnesota), others only a general definition that the cost of repairs exceeds the value of the vehicle (like Texas, where I am most famliar with the laws).

One of my race bikes is a salvage title - i.e., it was in a wreck, insurance company totaled it and paid it off, and it was auctioned as salvage. I bought and repaired, though the actual reason for the "total" was frame damage which was not significant enough for me to ever repair.

[Cuongism]

Originally Posted by sopranos

Yes and no.

Yes, a bike is salvaged when an insurance claim is made and they pay out money. However, it has nothing to do with whether or not they paid out more than the bike is worth. If you go through your insurance company for ANY amount of repair to a bike then it will end in a salvage title. Therefore, the owner must weigh the options of deductible and salvage title or pay out of pocket with clean title (for minor damages).

I'm fairly sure that it only gets a salvaged title when the insurance company considers the bike totaled and not just for any claim. Total loss can be anywhere from 70% of the value and up.

[sopranos]

Originally Posted by randy328

You don't get a salvage title for ANY repair to a bike.

The vast majority of states have specific laws as to when a vehicle becomes a salvage. Most require that the cost of repairs is 75% or more of the value of the vehicle at the moment before the damage, though some, like Florida, have an 80% requirement, some have a specific definition with dollar values (like Minnesota), others only a general definition that the cost of repairs exceeds the value of the vehicle (like Texas, where I am most famliar with the laws).

One of my race bikes is a salvage title - i.e., it was in a wreck, insurance company totaled it and paid it off, and it was auctioned as salvage. I bought and repaired, though the actual reason for the "total" was frame damage which was not significant enough for me to ever repair.

Ah, then I stand corrected. After talking to my agent that was the impression I got. Perhaps its cause 75% of the market value of a used 250 is so low that most likely a repair from an accident would "total" the bikes worth.

[massacremasses]

ha its cause even with a little damage on a bike the repair bills will still be so much they can easily be more then the bike is valued at. ( if the repairs are done by a shop at $100 an hour)

[blink]

Nope.e....

[wardie]

A and Gunnr have it 100% correct. Salvage title is a problem if you ever want to trade the bike in no delaer will take it. Salvage comes from an insurance claim. Legally you are required to tell a prospective buyer that the bike has a salvage title.

[alex.s]

i have had the unfortunate opportunity to have first hand knowledge of this. in CA, if the claim on a bike is made that is more than the bike is valued at (this is not what it is worth, but what the insurance deems as an "adequate value" of the bike which is usually much lower than you expect. for the 250 on progressive they valued the brand new bike at $2200) then they will total the bike and label it salvaged. you get after that the value of the max claim, plus the value of the sold salvaged bike which for the 250 was 800. or you can buy the salvaged bike back frrom the insurance company but you only get the claim value. in my case $2200. so even thoough the bike cost me around 5 grand, the most I could ever get out of insurance is 3000. i managed to negotiate with insurance and repair to lower the repair costs with aftermarket parts and the bike was spared the salvage title, but the "value" of the bike according to insurance has gone down, which means in the future if i drop her they will give me even less.

[n4mwd]

Bad clutch caused the bike to get a salvage title??? The guy is trying to scam you. RUN away from that deal as fast as you can! Scammers usually don't stop at just one lie. You just know about the one, but there are probably more.

[Socal5646]

Yeah....passed on it. But it was REALLY clean and had the red frame and all....too bad!

[alex.s]

@Socal5646, got a CL link or something?

[Socal5646]

Originally Posted by alex.s

@Socal5646, got a CL link or something?

http://losangeles.craigslist.org/lac...705769652.html

[Socal5646]

When I asked why the salvaged title...his response was "the bike was salvage title for a mechanical issue from the dealer. *i bought it from a private owner about a year ago and she purchased it from a dealership with a salvage title because the clutch and its components were bad. *they were all replaced with new. *i've had it for over a year and put close to a 1000 miles on it and have had no issues whatsoever with the bike. *it rides and runs amazing. *really quick too, for a 695. *plenty of power."

[alex.s]

yeah you probably shouldn't buy that... i'm calling him tomorrow to setup a meeting for me to buy it. good thing you didn't walk into that one man...

[n4mwd]

Originally Posted by Socal5646

http://losangeles.craigslist.org/lac...705769652.html

Looks pretty tacky. I wouldn't want to ride that POS regardless of the title. I was going to ask where are the front fairings, but after doing a little research, it seems that none of them have front fairings. I guess its a factory defect.

I'd stick with the Ninja. Maybe go bigger if you must.

I'd walk away from that thing for sure, but if you decide not to, then ask him for the VIN and do some research to find out the real reason it has a salvage title.

[KJohnson21]

Like n4mwd wrote: Get the VIN, have your insurance agent do a record search on it. That should reveal the important details.

If anyone sees the bike personally, copy or verify the VIN from the bike itself.

[Socal5646]

Originally Posted by alex.s

yeah you probably shouldn't buy that... i'm calling him tomorrow to setup a meeting for me to buy it. good thing you didn't walk into that one man...

Good luck....

Originally Posted by n4mwd

Looks pretty tacky. I wouldn't want to ride that POS regardless of the title. I was going to ask where are the front fairings, but after doing a little research, it seems that none of them have front fairings. I guess its a factory defect.

I'd stick with the Ninja. Maybe go bigger if you must.

I'd walk away from that thing for sure, but if you decide not to, then ask him for the VIN and do some research to find out the real reason it has a salvage title.

Yeah the wheels are pretty lame but can be fixed. What killed any chance of even considering the bike was the phone conversation I had with the owner. Got a BAD feeling! Good thing though...I picked up this PRISTINE 07' with 3k for $2400!

[Socal5646]

Still considering a monster though....might just bite the bullet and get a new 796. The new 650r I got is nice but isn't as comfortable as a daily commuter like the ningette was. it's a toss up between getting another 250 (new gen this time) for my daily commute or the Monster....not in any rush though....probably wait for another nice deal to surface!

[n4mwd]

Originally Posted by Socal5646

Good thing though...I picked up this PRISTINE 07' with 3k for $2400!

Looks like a 650. You wont regret it. A smart choice IMHO.

That's a good deal too.

[Socal5646]

Oh it's boat loads of fun! lol The guy had it listed for like 15mins before I ran right over and picked it up! (10pm) Didn't want any scavengers (ehem ehem...Alex) scooping me! (just kidding Alex, hope things work out for you and the Duc.)