rookie1 said:
Hi everybody I'm new here and I'm looking for my first bike. I've been browsing a few sites and researching my options. I found a 2004 500R with 6k miles and some fairing damage, salvage title.
How much is it worth? I was gonna offer $1000-$1500 cash and see if he takes it. My question is about the title, when I want to trade her in the next year or two, will the dealer take it?
Or what is the typical value of a salveged bike?
Maybe 1/2 book value?
Sounds like the deal is off, but just in case:
Is the title a rebuilt title, or still salvaged? If it is still salvaged, you probly wont be able to get insurance for it, which is bad :rolleyes
Is the bike in good condition? If it doesn't require much work, then it might be a good deal.
I wouldn't worry about trading it in, you could sell it for more than trade-in value most likely.
I picked up a bike for $400 that was salvaged, but had to put alot of work into it, great experience for me, I could only change the oil at that time, now I do almost everything from carb cleanings, to , well, hopefully valve-train job this winter. I've got the dealer tag on it right now, since i got NO title. I am in the process of getting an "abandoned salvage" title, what a pain in the ass. okay enough of that hope something in here helps :rolleyes
Edit: forgot to add, consider the chop price for the bike. How much is it worth if it was stripped down for parts? That can help, I wouldn't pay more than half what you can get from chopping it, to make up for time spent chopping/selling.
