Diminished Value
Thread Starter
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Stage IV
Joined: Dec 2016
Posts: 4
Likes: 0
From: Albuquerque NM
Diminished Value
I would like help from members to help determine the diminished value on a HD. The bike has been appraised at $30,000. It was involved in a wreck. The repairs were $9000.
I wonder what anyone would offer for this bike after repairs. Only new HD parts were used.
I wonder what anyone would offer for this bike after repairs. Only new HD parts were used.
Road Warrior
Joined: Dec 2015
Posts: 1,416
Likes: 317
From: CA
Is it salvage? If repairs done well, be honest with history of bike but if not salvage and everything done "sano" shouldn't diminish value much at all. If salvage, just get used to taking 50 cents on the dollar of blue book value at best.
Road Warrior
Joined: Jul 2013
Posts: 1,561
Likes: 187
From: Florida
I'd offer 1/2 less the damages on the bike. In this case $4500 less. C'mon, if i have two bikes to choose from, and one has been in a $9000 accident, I'm sorry, that bike isn't worth what a clean bike is worth. I don't know about NM, but in a lot of states, the seller would have disclose an accident of that amount of damages.
Outstanding HDF Member
Joined: Sep 2014
Posts: 2,717
Likes: 273
From: Minnesota
Nobody here is going to sneek up and make a better offer for the bike, nobody is going to steal it from you,,
So some direct information will help us all.
It's all about the title dude, if it's been an insurance salvage,, walk away.
There is no way I would cough up 30K-list for a damaged/repaired bike for anything over 10K (and it would have to have a clean title)
If the guy thinks it's worth that much why doesn't he keep it?
So some direct information will help us all.
It's all about the title dude, if it's been an insurance salvage,, walk away.
There is no way I would cough up 30K-list for a damaged/repaired bike for anything over 10K (and it would have to have a clean title)
If the guy thinks it's worth that much why doesn't he keep it?
Stellar HDF Member
Joined: May 2007
Posts: 3,256
Likes: 522
From: USA
Well, accidents suck.
You can hire a professional firm for a DV appraisal.
That's you best bet or you can negotiate yourself based on formulas and precedent you can locate.
Or sell then replace and there's your factual DV.
FWIW. I would never consider purchasing a bike that was in an accident, etc.
So your DV is 100% in my case as the bike is unsellable, unmarketable, undesirable - for lack of better words.
Good luck in your case.
You can hire a professional firm for a DV appraisal.
That's you best bet or you can negotiate yourself based on formulas and precedent you can locate.
Or sell then replace and there's your factual DV.
FWIW. I would never consider purchasing a bike that was in an accident, etc.
So your DV is 100% in my case as the bike is unsellable, unmarketable, undesirable - for lack of better words.
Good luck in your case.
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Road Master
Joined: Jun 2015
Posts: 849
Likes: 130
From: Inside of a house
For me any bike that's been in a wreck has a value of $0 I definitely think it would be less then the same bike used with no wreck, no matter how much it was fixed you never know what little things were missed
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Ultimate HDF Member
Joined: Jun 2007
Posts: 9,193
Likes: 494
From: Richmond, VA
Jeez, there's a whole industry surrounding damaged vehicles and diminished valve. Heck, right by me here in Virginia is one of the nations largest. People constantly buy and sell wrecked, damaged and outright totalled vehicles. If its fixed right the ONLY thing that even plays a role, is its dollar value. Which any savy insuree can negotiate to be made whole with a big fat DV check. Just cause "you guy's " wouldn't touch a bike that went down, doesn't mean there aren't countless hordes of bargain shoppers who would. Once a party gets his/her diminished value check, and a properly fixed motorcycle, when he sells it, he'll be in the same financial shape as the guy who sold the clean title bike.
http://www.kimmotor.com/repairables....arley-Davidson
And just for the record. My bike got backed into and squished my fender. Insurance wrote the estimate at $1,200. By the time me and the dealer got threw screaming at them, I had a check for over $2,100, a completely new front chrome set with chrome sliders, cowbells and caliper covers........ and DV. Frankly, I think my bikes worth more to me now than before the fender got bent.
http://www.kimmotor.com/repairables....arley-Davidson
And just for the record. My bike got backed into and squished my fender. Insurance wrote the estimate at $1,200. By the time me and the dealer got threw screaming at them, I had a check for over $2,100, a completely new front chrome set with chrome sliders, cowbells and caliper covers........ and DV. Frankly, I think my bikes worth more to me now than before the fender got bent.
Last edited by bikerlaw; Dec 30, 2016 at 08:29 PM.
Thread Starter
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Stage IV
Joined: Dec 2016
Posts: 4
Likes: 0
From: Albuquerque NM
it is a 2013
Electric Glide FLHTK Limited. 7299 miles. $1827 OEM options. 10,200 aftermarket options. Vehicle owner and insurance company agree the Actual Cash Value is $30,634.50.
Again, if you wanted this model and the repairs were excellent, $9,152.25 in repairs.
What would you pay for this vehicle?
I am not trying to get a professional DV experts opinion of what it would sell for, I want a bikers opinion of its post repair value.
Please respond if you can. Thank you to the ones that have already.
Electric Glide FLHTK Limited. 7299 miles. $1827 OEM options. 10,200 aftermarket options. Vehicle owner and insurance company agree the Actual Cash Value is $30,634.50.
Again, if you wanted this model and the repairs were excellent, $9,152.25 in repairs.
What would you pay for this vehicle?
I am not trying to get a professional DV experts opinion of what it would sell for, I want a bikers opinion of its post repair value.
Please respond if you can. Thank you to the ones that have already.