Salvaged title bikes
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Road Captain
Joined: Mar 2008
Posts: 724
Likes: 2
From: Cincinnati Ohio
Salvaged title bikes
Posting this here on the touring forum cause this may be my chance to get a road glide. I've got a buddy who fixes these wrecked bikes and sells them. Seems as if most of the time, the damage is very small. Well, there's an 04 Road Glide with some desirable options that I may be able to get real cheap. Always wanted to get one. What problems am I looking at. I don't need a loan, I can pay cash for it, so that's not an issue. How about insuring it? Resale? The damage to the bike was very small, cosmetic damages, how it is a salvaged is beyond me.
Road Warrior
Joined: Jun 2008
Posts: 1,282
Likes: 2
From: Yukon, OK
Some people say that a salvage title is bad for resale....as far as insuring it ....mine has a salvage title and i didnt have any problem insuring it. But i bought mine back after i wrecked it and then i rebuilt it so i know what is up with the bike.....and i really dont care about a salvage title because i have my bikes to ride not to use for a little while them resell them.
Just my .02
Just my .02
Outstanding HDF Member
Joined: Nov 2006
Posts: 2,049
Likes: 6
From: Oregon City, OR
Salvage titles really only affect financing and retail. If you are getting the bike to keep and ride for a while I wouldn't worry about it. It's inconsistent at best which bikes get salvage titles and which don't. Seen bikes at the shop that should and don't, bikes that shouldn't and still do and seen a couple where it's been totalled out by the insurance company and it still has a clear title...
Tourer
Joined: Apr 2008
Posts: 404
Likes: 1
From: Athens, Georgia
I was told by my insurance (Formost) that I could only get liability insurance on a bike with a salvage title. I don't know if this is the norm or just their deal. I think you would have a problem borrowing money on the bike but if you got cash its no big deal. I too am amazed at the bikes they total sometimes, I've re-built a few bikes in my lifetime most have just broken plastic/bent sheetmetal, etc.
Novice
Joined: May 2009
Posts: 24
Likes: 0
From: Oklahoma
My 07 SG has a salvage title. I also have Foremost insurance. I have full coverage but they told me that my bike could only be insured for the salvage title price $8247 plus $3500 in extras. Still ok with me because all told I only have about $11350 in it with all my upgrades.
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Elite HDF Member
Joined: Jan 2008
Posts: 4,351
Likes: 461
From: Illinois
Salvage title laws vary from state to state. Never checked on bikes, but in Illinois, once a car goes to salvage, there is no way to bring it back to the road. You will never be able to register it again. Stupid of course, but it's the way it is.
As long as you can register it, you are happy with the condition, you are getting it at a price that you can live with and are not worried about top dollar resale, go for it.
I have flown in more salvage titled private aircraft than original titled aircraft. My flying buddies buy wrecked airplanes from insurance companies for fractions of a cent on the dollar, restore them like new for pennies on the dollar, fly them like hell for awhile and then sell them for a year's wages and start all over.
If it can be done with planes, no worries with scooters. I would be more concerned with who did the repairs than the title history.
Dennis
As long as you can register it, you are happy with the condition, you are getting it at a price that you can live with and are not worried about top dollar resale, go for it.
I have flown in more salvage titled private aircraft than original titled aircraft. My flying buddies buy wrecked airplanes from insurance companies for fractions of a cent on the dollar, restore them like new for pennies on the dollar, fly them like hell for awhile and then sell them for a year's wages and start all over.
If it can be done with planes, no worries with scooters. I would be more concerned with who did the repairs than the title history.
Dennis
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Cruiser
Joined: Aug 2008
Posts: 187
Likes: 0
From: CNY
I know some guys that did it in NY. Both plan on riding the wheels off them but saved a ton of money. The ins co totals the bikes with very little damage because if they pay you to rebuild and something un seen goes bad they do not want the liability so they just total them sell them as salvage and wash there hands of any liability down the road.I have a friend that works for a salvage auction house. That is what he told me.