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There is a guy about 50 miles from me that makes his living rebuilding wrecked bikes. We bought 2 bikes from him. Both bikes were lightly damaged. 1 had a dent in the tank and lost the saddlebag. We live in Oklahoma and paid cash. No issues with tag or insurance.
I hope this helps.
What is the most efficient way to obtain wrecked bikes with repair and sell potential?
Sign up with Copart. There are locations nationwide. You can pick a lot of stuff up on auction quite cheaply. Yes, some have fire damage, other ones it's only cosmetic (fender, fairing, etc.) that insurance companies deemed totaled. Look on FB Marketplace, eBay, Craigslist and OfferUp.
I rebuilt 2, both totaled 2012 ultra limiteds. Both had a lot of damage, found 1 on eBay the other in a salvage yard in Michigan.
When I finished the first one, spring of 2013, my wife and I rode about 30 miles out of town, swapped bikes and she rode the new bike home. When we got home she just grinned at me and said, this is my bike! She rode it for 2 years.
The second one I traded in on a new 2015 and was very happy with the deal.
What is the most efficient way to obtain wrecked bikes with repair and sell potential?
I would say , it would be to get the bike from the owner if he is still in possession of it . Because once the dealer get it , they look at it as a new bike sale if they total it . But then the bikes title get branded for life . And believe me the service managers are masters of swindling you out of your bike and insurance companies out of their money .
I shopped for wrecked bikes at a few local junkyards several years ago, mainly BMWs. I made notes on the price of the bike and the parts that I would have to replace. When I priced the replacement parts and added that to the price of the bike, I wound up at blue book retail value, with no allowance for a salvage title. My labor would have been worth nothing. The bikes that showed the most promise for me were Touring bikes with damaged bodywork that were still in good running order. I could have stripped them and made them into Base model bikes but that still wasn't worth it to me.
I did buy a nice looking, non-running, theft recovery, Honda XR100 for my ten-year-old daughter. When I was done with the bike, I had replaced the engine's entire top end. For the money I had into that bike, I could have bought a clean, running used XR100. We did have some good times trail riding.
A number of years ago I was told by an adjuster that almost every region has contracted with someone that buys the totaled Harley's. Not sure if that sill holds true toady or not.
I've purchased several over the years and enjoyed repairing them. But I had no expectation of making money form it. After repairing them, I typically rode them for a year or more before selling. And then setting the price low because of the branded title. Usually just braking even, but enjoying the process and riding them. Insurance them has never been a problem.
Personally, I'd avoid Copart like the plague. I've seen bikes that have been stripped of parts, so seeing the bikes in person to inspect is a must because there is no recourse after the fact.
Each state has their own set of rules, so I'd urge anyone considering it to check that out first. Again, keep your expectations realistic. Do your homework on the needed repairs to estimate the cost so you know how much to spend on a damaged bike. Keep all receipts for parts purchased for the repairs and document all repairs including some pictures along thwe way. But don't expect to sell a bike with a branded title for KBB full retail price.
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