Salvage Title Advice

Message

machine · #1 Post by **machine** » Sat Apr 29, 2006 7:13 am

OK I really could use some good advice here...

I'm looking at buying a 2004 Yamaha R1 / 3000 miles / Power commander / grave exhaust (1400.00) / Awesome condition

The problem:
The bike was stolen last year and recovered. From what I understand, all the parts where taken off the bike. The Owner purchased it back form insurance company, and had it completely rebuilt. The bike looks awesome and was never in a crash. Perfect condition! Because of this, it now has a salvage title.

I really need adivce..

He wants 7200.00 for the bike (no helmet). I really want the bike but still i'm very scared about the resale. Hes been having problem selling it i'm sure and I would image I would when it came time for me to sell. Would I be making a big mistake for paying that much for a salvage title bike? (keeping in mind it was never in an accident)

Should I offer a lower amount? Is that amount right? what could I sell it for in a year or so?

So nervous.....
What should I do????

Im attaching a pic of the bike. Let me know what you think.

Thanks fellas
Post Edited (machine) : 4/29/2006 6:41:51 PM GMT

Prechrysler · #2 Post by **Prechrysler** » Sat Apr 29, 2006 7:51 am

If the guy is having a hard time selling it, he will, in all likelihood, go lower. Offer him less. The worst he can say is no. Never pay asking price.

machine · #3 Post by **machine** » Sat Apr 29, 2006 7:58 am

Sorry,

I should have been mention this..

Hes asking 7500....I got him down to 7200. I don't think he will go any lower. Should I buy even though it has salvage though? Dang why did the insurance company have to total the bike after theft!?!?!?!

Sev · #4 Post by **Sev** » Sat Apr 29, 2006 10:09 am

If it's such a nice bike, and he's sunk sooooo much money into it (upgrading it, getting it stolen, buying it back, and getting it fixed) why is he selling it?

ninja79 · #5 Post by **ninja79** » Sat Apr 29, 2006 11:02 am

just out of curiocity, would this be your first bike?

Jthmeffy · #6 Post by **Jthmeffy** » Sat Apr 29, 2006 11:21 am

ninja79 wrote:just out of curiocity, would this be your first bike?

I was wondering the same thing when i saw the (no helmet) comment... dont buy used helmets, machine..

machine · #7 Post by **machine** » Sat Apr 29, 2006 11:41 am

No, this is my second bike. Although its been about 3 years since I last rode. Yeah, hes got a arai helmet that he doesnt want to sell...but I want him to throw it in.

He selling the bike because of the "kids" and the fact hes too busy to ride anymore. He did say hes not in a major rush to sell...that he could go either way and not sell it at all.

So you guys think I should pass on it? What would you offer to buy (knowing the details)

here i post link to to picture of bike...let me know what you guys think of the bike and what it could be worth...

http://phoenix.craigslist.org/mcy/146642112.html

Jthmeffy · #8 Post by **Jthmeffy** » Sat Apr 29, 2006 11:56 am

well, if he really can go either way then let it go, otherwise drop your offer down to 6500 or lower.. if u ever wanna sell it, that title will get in the way like crazy.. also, what was your first bike? the R1(180hp) is a LOT of bike.

http://adcache.cycletrader.com/5/4/2/83927542.htm - '04 $7500, 2700 mi, CLEAR TITLE (just as an example)

JCS · #9 Post by **JCS** » Sat Apr 29, 2006 12:06 pm

Also I think some insurance companies will not insure something with a salvage title. You may want to check.

machine · #10 Post by **machine** » Sat Apr 29, 2006 12:12 pm

Yeah, i doubt he will do it...but i'll try for 6500. My first bike was a 600 f4i. Had it for almost 3 yrs and couldnt wait to get rid of it. That was 4 sure not enough bike for me. I'm ready for r1.

Shoot...theres no way this guy will bite at 6500. I'll try though.

I do plan on selling after 7or 8 months.. By that time I would probably try to get 5000 for it. Think I'll have a hard time a year from now trying to get 5k for this 2004 (=!!!never crashed!!!)salvaged r1 with probably 8000 miles?