How do you feel about buying a scooter or motorcycle with a salvage title?
Craigs list has some pretty amazing looking machines, but with the dreaded
SALVAGE TITLE. Beside the resale issue, what about their safety as an issue?
OP
|
Mon, 06 Feb 2012 18:17:12 +0000
quote
How do you feel about buying a scooter or motorcycle with a salvage title?
Craigs list has some pretty amazing looking machines, but with the dreaded SALVAGE TITLE. Beside the resale issue, what about their safety as an issue? |
OP
|
|
Mon, 06 Feb 2012 19:03:05 +0000
quote
If I personally knew of the bike, and was friends with the owner, I would consider a salvage titled bike.
Otherwise, I wouldn't touch it unless I just wanted it for parts. But that's just me. I use my scoots as my only transportation, so I can't afford to have any hidden problems that could cause serious downtime, or render the bike useless without hope of decent repairs. Of course, sometimes the insurance companies do total bikes that don't really have any structural damage. But I personally do not feel that I am qualified enough to assess something like that. I'd rather be on the safe side. |
![]() Mon, 06 Feb 2012 19:17:15 +0000
Veni, Vidi, Posti
Neutrino MP3 492.7 AK, 2013 Moto Guzzi Norge
Joined: Sun, 30 Mar 2008 04:38:24 +0000
Posts: 22150 Location: Harriman, Tennessee, Tn |
|
Veni, Vidi, Posti
![]() Neutrino MP3 492.7 AK, 2013 Moto Guzzi Norge
Joined: Sun, 30 Mar 2008 04:38:24 +0000
Posts: 22150 Location: Harriman, Tennessee, Tn |
Mon, 06 Feb 2012 19:17:15 +0000
quote
most insurance companies will never do full coverage on a salvage title. Some states have indepth inspection requirements so you can tag them. just know what your state requires and know their probably is hidden damage, possibly bent/cracked frames.
|
![]() Mon, 06 Feb 2012 19:54:31 +0000
MV Santa
GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
|
MV Santa
![]() GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
Mon, 06 Feb 2012 19:54:31 +0000
quote
I bought my car with a salvage title. I had it inspected by a body shop that I trust and they said that it was repaired correctly. I got it for half what it would have been with a clean title. Still, it's taking a chance.
|
|
Wed, 08 Feb 2012 19:51:52 +0000
quote
I have bought and fixed up two in the past six months. A 2006 lx150 with one season on it for $375 and a 2008 with 3900 miles on it for $500.
Parts are readily available on ebay, bent frames will have to be straightened. A paint job can be expensive though if you have to farm it out. Would I buy one that someone else did? You bet I would and save a ton of money to boot. Take it for a ride, see if it tracks straight. These are simple machines, many of them get totaled for cosmetic issues. Joe |
Hooked
![]() GT200 GT200
Joined: Sun, 31 Jul 2011 02:28:28 +0000
Posts: 176 Location: Central Coast Ca |
Wed, 08 Feb 2012 20:06:46 +0000
quote
On modern motorcycles, a low side will damage enough bodywork to total the bike. If you can live with aftermarket bodywork and paint you can have a bike for half of bluebook and mechanically it will be perfect. Looking at the BMW in question, most mechanical pieces are clearly visible. Have a shop check the alignment and ride the bike - if all was right I would be comfortable buying it.
|
Ossessionato
![]() LXV 150 GTV 250
Joined: Tue, 08 Jul 2008 20:53:48 +0000
Posts: 2471 Location: Logan OH USA |
Wed, 08 Feb 2012 20:23:00 +0000
quote
Someone told me here in Ohio insurance companies won't insure a salvage title car. I didn't check their facts but that's what I was told.
I would assume the same would hold true of scooters and motorcycles. |
|
Wed, 08 Feb 2012 20:40:57 +0000
quote
When does and insurance company even ask? Besides it's legal to license a recontructed vehicle. Never heard of such a thing.
Joe |
Ossessionato
![]() LXV 150 GTV 250
Joined: Tue, 08 Jul 2008 20:53:48 +0000
Posts: 2471 Location: Logan OH USA |
Wed, 08 Feb 2012 20:53:50 +0000
quote
Well my story came from someone that had a salvage title vehicle that got wrecked. When the insurance company found it had a salvage title they didn't pay the claim.
I don't know this first hand but it's what I was told. |
![]() Wed, 08 Feb 2012 21:24:24 +0000
MV Santa
GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
|
MV Santa
![]() GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
Wed, 08 Feb 2012 21:24:24 +0000
quote
You can always get liability insurance so that you can tag it. My insurance company (Farm Breau) said that they would sell me comprehensive coverage at the same price as if it had a clean title but would only pay out what it was worth with the salvage title. I opted to take my chances.
|
![]() Wed, 08 Feb 2012 21:39:08 +0000
Molto Verboso
04 GT200 & 2005 PX150(sold), 2005 Bajaj Tuktuk
Joined: Wed, 04 Aug 2010 01:29:25 +0000
Posts: 1759 Location: pa |
|
Molto Verboso
![]() 04 GT200 & 2005 PX150(sold), 2005 Bajaj Tuktuk
Joined: Wed, 04 Aug 2010 01:29:25 +0000
Posts: 1759 Location: pa |
Wed, 08 Feb 2012 21:39:08 +0000
quote
I think also the kicker would come when it came time to sell it
|
Molto Verboso
![]() '09 BV250, '02 ET2 '07 LX150
Joined: Sun, 10 Aug 2008 02:42:50 +0000
Posts: 1006 Location: Cedar Rapids, Iowa |
Wed, 08 Feb 2012 22:27:07 +0000
quote
In Iowa, the insurance co always talks to DMV before they will insure. We did not know a vehicle we had bought was on a salvage title until our insurance co told us.
It was already part of our stable by then, so we kept it. Our repair guy checked it out and declared it safe. Our insurance co covered it, probably because we have a lot of rolling stock insured with them, but we still got the hairy eyeball while they thought about it. A different company said they would not insure anything on salvage. Once again we lucked out. 8) |
![]() Wed, 08 Feb 2012 23:30:09 +0000
Veni, Vidi, Posti
Neutrino MP3 492.7 AK, 2013 Moto Guzzi Norge
Joined: Sun, 30 Mar 2008 04:38:24 +0000
Posts: 22150 Location: Harriman, Tennessee, Tn |
|
Veni, Vidi, Posti
![]() Neutrino MP3 492.7 AK, 2013 Moto Guzzi Norge
Joined: Sun, 30 Mar 2008 04:38:24 +0000
Posts: 22150 Location: Harriman, Tennessee, Tn |
Wed, 08 Feb 2012 23:30:09 +0000
quote
insurance companies run the vin# and they see that is was a rebuilt title or salvage. So if you want full coverage your probably out of luck.
|
Molto Verboso
![]() 63 GL 150, 05 Typhoon, 09 Beo 200
Joined: Sat, 20 Jan 2007 22:17:52 +0000
Posts: 1725 Location: Grand Pothole Rapids, Michigan |
Thu, 09 Feb 2012 10:52:51 +0000
quote
I bought a 2003 Chevy with a rebuilt title. In Michigan, at least, I have had full coverage for years....and they have paid for three claims so far.....
No problems.... |
|
Thu, 09 Feb 2012 13:34:34 +0000
quote
vintage red matthew wrote: You can always get liability insurance so that you can tag it. My insurance company (Farm Breau) said that they would sell me comprehensive coverage at the same price as if it had a clean title but would only pay out what it was worth with the salvage title. I opted to take my chances. |
![]() Thu, 09 Feb 2012 14:27:57 +0000
MV Santa
GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
|
MV Santa
![]() GTS250, 1960 VBA, 1975 VBC, 1980 P200E cutdown
Joined: Tue, 04 May 2010 16:25:07 +0000
Posts: 4603 Location: Sedgwick, Kansas |
Thu, 09 Feb 2012 15:15:06 +0000
Addicted
Joined: Sun, 27 Jan 2008 15:45:03 +0000
Posts: 920 Location: Linnville, TX |
|
Addicted
Joined: Sun, 27 Jan 2008 15:45:03 +0000
Posts: 920 Location: Linnville, TX |
Thu, 09 Feb 2012 15:15:06 +0000
quote
I have bought one scooter at a salvage auction and another that would have been salvage if the owner had full coverage. One was completely bent in half and the other had a couple of dents and some gouges in the paint.
Having looked at salvage auctions for a while, I can tell you that for every Vespa with a cracked or bent frame there is another that was dropped in someone's driveway or knocked over in a parking lot. I would never buy a salvage bike without seeing the "before" pics, but I wouldn't walk away from a deal because of the title. |
Thu, 15 Mar 2012 19:29:56 +0000
Molto Verboso
'05 Vespa Granturismo
Joined: Wed, 23 Apr 2008 02:36:45 +0000
Posts: 1610 Location: Rancho Cordova, California |
|
Molto Verboso
'05 Vespa Granturismo
Joined: Wed, 23 Apr 2008 02:36:45 +0000
Posts: 1610 Location: Rancho Cordova, California |
Addicted
![]() GTS 300 Super
Joined: Tue, 29 Sep 2009 04:52:55 +0000
Posts: 665 Location: Los Angeles, CA |
Fri, 16 Mar 2012 09:13:08 +0000
quote
Well, if you put word "salvaged" in front of anything, it won't sound good and it will scare 90% of the people away, which I am glad it does.
Because my GTS300 is salvaged, cost me half the price. And my truck is salvaged, cost me quarter of the price. Special highway patrol inspection is required in CA, but no problems getting insured. It just depends on the extent of damage and how well it was repaired. I repaired my scooter myself. |
Modern Vespa is the premier site for modern Vespa and Piaggio scooters. Vespa GTS300, GTS250, GTV, GT200, LX150, LXS, ET4, ET2, MP3, Fuoco, Elettrica and more.