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Salvage title good/bad?

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  • #1

    Salvage title good/bad?

    I understand it gets that title from being like theft recovery, wreck, ect. But is there any real downside other than i guess bringing value down? I've been considering selling my kat to get an actual SS(if anyone is interested in an 04 600 with 7.8k miles let me know, didn't see a place to post for sale) and have been monitoring the site superbikesofdallas.com for some time now. A lot of great bikes for good prices but sometimes have a salvage title so was just seeing if it affects anything other than resale value
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  • #2
    Originally posted by ShadowFetus View Post
    I understand it gets that title from being like theft recovery, wreck, ect. But is there any real downside other than i guess bringing value down? I've been considering selling my kat to get an actual SS(if anyone is interested in an 04 600 with 7.8k miles let me know, didn't see a place to post for sale) and have been monitoring the site superbikesofdallas.com for some time now. A lot of great bikes for good prices but sometimes have a salvage title so was just seeing if it affects anything other than resale value

    Resale will always be very low and make it harder to sell. Also insurance may be drastically higher for anything other than minimal liability.

    If you don't see yourself ever selling the bike or needing more than liability insurance... no issues at all.

    Krey
    93 750 Kat



    Modified Swingarm, 5.5 GSXR Rear with 180/55 and 520 Chain, 750 to 600 Tail conversion, more to come. Long Term Project build thread http://katriders.com/vb/showthread.php?t=96736

    "I've done this a thousand times before. What could possibly go wron.... Ooops!"

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    • #3
      Haha thanks for quick answer. The insurance part was something I overlooked so ill look into that as well. Resale I don't think I care too much on that end, planning on the bike lasting till I feel I'm ready to upgrade. I'm just gonna be happy with FI and better performance lol not that I don't love my kat

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      • #4
        I wouldn't hesitate if the bike was solid and satisfied me and my needs.
        sigpic

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        • #5
          The downside is that you don't know how serious the wreck was...

          If the frame is straight and the price is right I'd buy one
          90% of motorcycle forum members do not have a service manual for their bike.

          Originally posted by Badfaerie
          I love how the most ignorant people I have met are the ones that fling the word "ignorant" around like it's an insult, or poo. Maybe they think it means poo
          Originally posted by soulless kaos
          but personaly I dont see a point in a 1000 you can get the same power from a properly tuned 600 with less weight and better handeling.

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          • #6
            Thanks for the tips, and yeah the ones im interested in aren't wreck salvages, one is a theft recovery I know. But yeah prices are great and exactly what I want so I do appreciate the confirmation. They also finance so hopefully get a good bike at off season pricing. Again if anyone wants or know someone that wants an 04 kat hit me up, dealer prolly won't give me huge trade in bonus but if anything should cover down payment and some

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            • #7
              Im also pretty sure that at least in KY you can only carry liability insurance on a salvage title, not sure how your state is.
              90% of motorcycle forum members do not have a service manual for their bike.

              Originally posted by Badfaerie
              I love how the most ignorant people I have met are the ones that fling the word "ignorant" around like it's an insult, or poo. Maybe they think it means poo
              Originally posted by soulless kaos
              but personaly I dont see a point in a 1000 you can get the same power from a properly tuned 600 with less weight and better handeling.

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              • #8
                what about bad karma?

                buying a bike that's already been down and is branded as a salvage???

                personally, i wouldn't...

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                • #9
                  I'm not sure this is the place that I am thinking about or if it was Southwest super bikes but a friend of mine bought a GSXR600 a few years ago that had a "Clean title". He got it home and I found that the subframe had a really horrible looking stick welder weld done on it and some other hidden signs of frame damage that had been "repaired" (covered up). Be sure to look for things that don't look right.
                  Damn you Nicole, We will not speak of the 2012 Rally




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                  • #10
                    Originally posted by ShadowFetus View Post
                    They also finance so hopefully get a good bike at off season pricing.
                    That is a big red flag to me. If you have the bike financed, that means full coverage insurance, which is stupid expensive on a salvage bike. Here's the difference in MY garage for comprehensive only, no collision

                    1996 Kat 600 clean title- 65/yr $100 deductible
                    1995 Kat 600 salvage title - 935/yr $500 deductible

                    Yes, that's right, $900+ per year and $500 deductible on a bike that's technically only work $897 according to their figures.

                    So if this place is financing salvage bikes they are likely either lot financing and not requiring the same insurance, lot financing and charging you for THEIR insurance, or bank financing and adding in their own insurance. Any way I can figure it it sounds expensive and shady as all get out. I urge you to be very careful and make sure you get all the details before signing anything.
                    Get over yourself. For me to think you are an idiot, I would first need to think of you.

                    sigpic

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                    • #11
                      I would not finance a salvage title machine.
                      -Steve


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                      • #12
                        Originally posted by UncleBuck View Post
                        what about bad karma?

                        buying a bike that's already been down and is branded as a salvage???

                        personally, i wouldn't...
                        Then again, maybe because its already been down, it won't go down again...
                        sigpic Mulholland Hwy Ride
                        1992 Katana GSX600F (on permanent loan to a family member)
                        2000 Suzuki Hayabusa
                        First Hayabusa Commercial Hayabusa Design
                        Hayabusa #1 Wonder of Motorcycles

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                        • #13
                          I didn't notice the financing part...run...run very fast...
                          90% of motorcycle forum members do not have a service manual for their bike.

                          Originally posted by Badfaerie
                          I love how the most ignorant people I have met are the ones that fling the word "ignorant" around like it's an insult, or poo. Maybe they think it means poo
                          Originally posted by soulless kaos
                          but personaly I dont see a point in a 1000 you can get the same power from a properly tuned 600 with less weight and better handeling.

                          Comment

                          • #14
                            I didn't know that anyone would even offer financing on a salvage title bike.
                            sigpic Mulholland Hwy Ride
                            1992 Katana GSX600F (on permanent loan to a family member)
                            2000 Suzuki Hayabusa
                            First Hayabusa Commercial Hayabusa Design
                            Hayabusa #1 Wonder of Motorcycles

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                            • #15
                              salvage title
                              good - cheap
                              bad - everything else

                              Comment

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