August 21st, 2013, 05:14 PM | #1 |
ninjette.org member
Name: Jake
Location: Columbus, IN
Join Date: Jun 2012 Motorcycle(s): 2012 Green 250 Posts: 58
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Buying back totaled bike?
Is it possible to make money buying back your bike after it's totaled? For example, my 2012 was totaled and all the plastics are ruined but what about the engine with 3k miles on it? And the frame, controls, etc.. I'm not sure about the price to buy it back, but has anyone done this with success?
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August 21st, 2013, 06:47 PM | #2 |
ninjette.org guru
Name: Martin
Location: California
Join Date: Jun 2012 Motorcycle(s): 250r Posts: 291
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It really all depends on how much your ins. is willing to let you keep it for, whether there are enough good parts to make a profit, and whether or not you have the time/know-how to part it out and sell. I was in the same situation and decided to the let them keep the bike.
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August 21st, 2013, 06:57 PM | #3 |
The Corner Whisperer
Name: Chris (aka Reactor)
Location: Northern KY
Join Date: May 2011 Motorcycle(s): 2010 250 (track), 1992 250, 2006 R6 (street/track), 2008 R6 (track) Posts: Too much.
MOTY 2015, MOTM - Nov '12, Nov '13
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Yes you can profit but only if;
buyback price + cost of repairs (+- selling season difference) - random $$ off your listing price > actual salvage title selling price (normally lower than clean titled bikes)
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