Salvage, would you ?
We have had a lot of police bikes go down with just the type of damage I suspect the RK in question here sustained over the years (we ran RK's from '98-'08). It was pretty rare to have one "totalled", but our municipality is self insured. The bolt on parts are easily replaced, and frame damage is fairly rare.
I believe that the OP should carefully read JMcDonald5's post, as well as the other posts in this thread, do his homework and make an informed decision. I personally believe, especially after these last posts, that he will not go wrong if he gets this bike for a good price if everything checks out. In the end it is his decision, no matter what the rest of us think. Good luck, whatever you decide!
Matter of fact, I have put together quite a few bikes in my day and it always worked out OK.
Now just keep in mind the Original posters question.
Is it fair to assume he has the same skill set and resources you or I do?
I couldbe wrong but Im thinking he probably doesnt because he is looking to buy a salvage bike from a retail dealer not an auction or ins company.
No chance of him getting burned? Is that what you all are sayin?? I think that is the question he needs answered.
While I am not offering an opinion on the value of the bike in question, I crashed my bike in the summer of '10, pretty hard, when it had ~65,000 miles on it. The initial insurance estimate was ~$5,500 with the total insurance payout (after a supplemental claim) coming to something like ~$6,900. This was all "cosmetic" damage, by the way, except for the already noted crash bar mounting tabs (front and rear) being bent. Every piece of sheet metal or fibrerglass was damaged except the right side cover and the rear fender, along with bars, headlight nacelle, etc, etc, etc. Since the bike was 8 years old at the time and had ~65K on it I was worried that the ins co would total it but they didn't. So that tells me that the value of my bike was at least $7,333, using the initial insurance estimate of $5,500 as 75% of the total value of the bike. So using that logic, it would seem to me that an '04 Road King Classic with ~25K on the clock might be worth the same, which is the dealer's asking price.
I'm not saying it's a guaranteed "good deal", but I would bet that it's a guaranteed safe bike. And it seems to me like it's at least not a bad deal, even at the asking price. And we all know that the asking price is just that. There is no doubt at all you could get $500 to $1,000 knocked off the price just by asking, especially if you were going to close the deal that day. As for cash or financed, the dealer isn't going to jump for joy at cash or give you a better deal for it. That only works if they're hiding money, and it's highly unlikely that a HD dealer is doing that. Again, too much risk. Besides that, the banks pay the dealer for their business; the dealer would rather that you finance the bike, they make more money. A cash deposit and good credit, as well as being ready to close the deal on the spot - that will get you a good deal just as fast as a cashier's check. So, do your homework, maybe bring a buddy to look it over, ask to have "your mechanic" come to the dealer and look at it on the lift, take it for a road test (the dealer close by here will let you road test any used bike you're looking at as long as you sign a waiver and have a mc license). Then, if you're comfortable, go ahead and buy it. That's what I'd do, anyhow.
The Best of Harley-Davidson for Lifelong Riders
26kmiles isn't sh&t....take it for a ride...I live in upstate NY and rk's with 20k miles or so are still selling for $10-12k easy...depending on the day....Salvage title doesnt mean anything....
Would you rather try and re-sell a bike you have $15k into or $7....? Tell me where it is ....I'll buy it tommorow.
You can have your $25k bikes.....I'll put a down payment on another house and ride my "SALVAGE" bike any day of the week.
Last edited by rwb1; Mar 9, 2012 at 08:31 PM.
In saying this, I've bought 3 other bikes that I repaired. I have very little if any mechanical skills and no bodyshop skills.
I just bought a 2008 street glide for instance, no idea in the world why this bike was considered salvage. Both bags were scratched on the rear, throttle grip was ripped, and the tab on the crash bar was bent.
I received a clearance letter from the original dealer - owner spent over $4000 in extras - I paid less than 25% of initial cost and had to repair the above damage.
I will agree though - be careful as I've seen bikes that have no business being repaired. My advice is buy before it's repaired or at least see the bike first. It's the same as any other business, a few crooks people exploit everyone. Go figure....



