Buying back totaled bike?

modded · August 21st, 2013, 05:14 PM

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?

Madman44 · August 21st, 2013, 06:47 PM

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.

csmith12 · August 21st, 2013, 06:57 PM

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)

August 21st, 2013, 05:14 PM	#1
modded ninjette.org member Name: Jake Location: Columbus, IN Join Date: Jun 2012 Motorcycle(s): 2012 Green 250 Posts: 58	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?

August 21st, 2013, 06:57 PM	#3
csmith12 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	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) __________________________________________________ Goal: Shake A Million Hands \| Look through the corners \| Track Day Prep \| Closest track? \| The Mid-Ohio School

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August 21st, 2013, 06:47 PM	#2
Madman44 ninjette.org guru Name: Martin Location: California Join Date: Jun 2012 Motorcycle(s): 250r Posts: 291	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.