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Old Aug 6, 2020 | 11:52 AM
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I've been thinking about starting a side biz selling bikes and my idea is to pick up salvage title bikes, repair and lightly customize them.

What do you guys think of salvage titles? Would you buy one if it could be shown that whatever damage had been repaired, the bike was fairly priced and cool?

I know this is more of a general question, but I'll probably focus on Dyna's so I thought I'd ask you guys.
 
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Old Aug 6, 2020 | 12:00 PM
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I personally wouldn't buy a salvage title bike unless I purchased it in as wrecked condition or it it was repaired back to stock. But then again I'm leary of any vehicle that is modified.
Other thing to consider is personal taste. I hate chrome but some people can't get enough. If I were you I would sell the person the salvage bike and then have them pay you to mod it to their liking. Or maybe put together packages that include your labor and then they can pick the things they want.
 
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Old Aug 6, 2020 | 12:11 PM
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Originally Posted by Rapidfire1
I personally wouldn't buy a salvage title bike unless I purchased it in as wrecked condition or it it was repaired back to stock. But then again I'm leary of any vehicle that is modified.
Other thing to consider is personal taste. I hate chrome but some people can't get enough. If I were you I would sell the person the salvage bike and then have them pay you to mod it to their liking. Or maybe put together packages that include your labor and then they can pick the things they want.
That's a really good idea, thanks for that!

To add some detail, I am looking at bikes that only need cosmetic work, no mechanical salvages. I've accumulated a ton of parts over the years and could turn out my first couple of bikes without spending much. I'm also thinking that I could get a tuner license and throw a stage 1 at each bike if it doesn't have it. As far as styles, I get it, but I think I could sell Dyna-bro bikes all day long with no issue.
 
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Old Aug 6, 2020 | 12:28 PM
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Originally Posted by snake_eyes
That's a really good idea, thanks for that!

To add some detail, I am looking at bikes that only need cosmetic work, no mechanical salvages. I've accumulated a ton of parts over the years and could turn out my first couple of bikes without spending much. I'm also thinking that I could get a tuner license and throw a stage 1 at each bike if it doesn't have it. As far as styles, I get it, but I think I could sell Dyna-bro bikes all day long with no issue.
That would probably work then, i would take detailed before pictures though to ease peoples minds that it was purely cosmetic and that something more serious wasn't repaired or hidden. I think alot of transparency would help sell salvage bikes.
 
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Old Aug 6, 2020 | 01:24 PM
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As a potential buyer my first question would be how have you determined the frame is still straight? Lots of money thrown at something that is going to crab down the road is a problem.

Next, the used bike market is so bloated, your profit margin is a big issue. If you pick up let say a 2010 for $2k, then drop $2k into her to make it cool, is $4-$5k a reasonable expectation for sale price and therefore make enough money to be worth the effort?

Not sure if it will play out, lots of bikes without salvage titles for $4k. Just something to think about, I wish you good luck.
 
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Old Aug 6, 2020 | 01:36 PM
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Originally Posted by Architect
As a potential buyer my first question would be how have you determined the frame is still straight? Lots of money thrown at something that is going to crab down the road is a problem.

Next, the used bike market is so bloated, your profit margin is a big issue. If you pick up let say a 2010 for $2k, then drop $2k into her to make it cool, is $4-$5k a reasonable expectation for sale price and therefore make enough money to be worth the effort?

Not sure if it will play out, lots of bikes without salvage titles for $4k. Just something to think about, I wish you good luck.
I should have said "hobby" instead of biz in my first post. My goal isn't to make money, it's to do something I enjoy. I have a full shop and would be a builder/mechanic if I could, but it's not in the cards for me. There's only so much I can do to my bike or the wife's so unless, I am constantly buying and selling our bikes, I have nothing to work on. I figure worst case, I make enough money to cover the money spent and a little extra for beer.

That's a good point about the frame and being able to prove to a buyer that's it straight. Could I learn how to take measurements and document them?
 
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Old Aug 6, 2020 | 01:57 PM
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Originally Posted by snake_eyes
I figure worst case, I make enough money to cover the money spent and a little extra for beer.

I hope you like really cheap beer...my guess is with today's market, you would just wind up with a shop full of bikes you can't sell without taking a loss...
 
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Old Aug 6, 2020 | 02:15 PM
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IMO...salvage = junk. That's just me & others might be Ok w/ buying a wrecked/rebuilt bike.
 
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Old Aug 6, 2020 | 02:48 PM
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Back in the 90s i bought sold and traded bikes alot. I learned real quick not to buy a bike with a salvage title. 1st thing is they are very hard to sell even at cheaper prices . Also you have no idea what is wrong with the bike the description you get on the damage is vague at best. Unless you can get them dirt cheap and part them out I would run from a salvage title.
 
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Old Aug 6, 2020 | 05:33 PM
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Only way I would buy a salvage bike is if I bought it dirt cheap and fixed it up myself for fun.
 
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