So here's the deal. My bike is totaled from the accident last month. I just got an offer from the insurance company for it. It is a generous offer too. So here's the question. They offer me so much and take it or for $775.61 less I can keep it.

One caveat is that a friend of mine is interested in the bike and may buy it from in which case I will keep it and get the whole value.

But if he decides not to buy it then do I keep it and part it out? I am thinking that I can get a fair amount for it by selling off the parts. I was getting some things off of it last weekend and this guy was talking to my wife wondering if I was going to keep it or not and if I do he is interested in buying my saddle bags.

 

JMHO, but if the insurance offer is "generous", take the bird in hand. Giver your buddy a couple of days to come up with the money; if he truly wants/can buy the bike; he will. Forget about parting it out; it will take forever; you won't get what you want for the parts; to maximize sale, you will have to adertise and ship; you will have to invest time and effort into pulling the parts; just a real PITA for a less than expected return. Like I said, JMHO.

 

If you can make a little extra coin,buy it back. If there is nothing salvageable,let it go.

 

I'd take the insurance money, and go from there.

 

Problem solved. My buddy went and checked it out and is going to buy it. Thanks for the input you all came to all the same conclusions that I did.

Cheers

 

Wifes bike was totaled a few months ago. We made out with $1200.00 in hand after payoff. Was not enough to get her back on a bike, but she has to heal still anyway. What her and I did agree on, was that we did not want to look at the wreck any longer than required. It was important to begin putting her accident behind her.

 

I am a little more fortunate about that in that I did not owe anything for it. I agree that getting it behind me is a good thing but all the memories that I have on so many different rides. Just have to make new memories with another bike. Hope your wife gets well soon I know that it really sucks going through all this and I didn't get hurt bad.