i got a salvage from a fellow member and spent a bit more for new fork tubes. I got to DMV and have it in my name but need more paper work to get it on the road.
Salvage means the INS Co wrote it off. It doesn't mean that the bike is trash.
Yah, a lot of folks put a bad connotation on a salvage and it isn't going to bring high bucks unless heavily customized and a award winner.
Heck my original Wee survived a big time wipe out and has just passed 100K miles. How much is a rattle can paint job 100K mile Wee worth? A heck of a lot more than folks would offer...to me.
Actually your Cherokee sounds like something my wife's uncle had back East on the family property. Couldn't pass state sAFETY test so it hauls logs on the plot. It should have been buried a long time ago.
heya notacop, it's a good platform, just a bunch of little fix-me's,,, the nice thing about the wee is the 16k miles it has. But now that makes me think it mustve been salvages earlier in its life ,,,hmmm
Like RLBranson said, resale takes a hit with anything branded as salvage. To the OP, you didn't state where you are, so given Jeep is involved, I assume the Americas. How much do you think you could get by selling the Jeep outright? You could compare that to what a non-salvage Strom sells for. With hunting season coming up in the US (not sure how it would apply to other countries), you could probably get a little more for it as a dear lease truck. Does the bike have any extras included? Crash bars, luggage, etc? Is it currently being ridden on a fairly frequent basis? I would also look at when it was totaled. Just pulling numbers out of the air here, but if it was wrecked as say a 15 year old bike valued at only $2k, then it would not take much to declare the bike as a loss. If, however, it was totaled when it was fairly new and still had a substantial value to it, then I would look at more than just the forks being damaged. Any chance of getting the insurance report on the damages? The bike may very well be fine with nothing to worry about. I would just keep in mind that it's a 17 YO bike with a salvage title, so you may have to almost give it away when you decide to sell later on.
Houstrom, the bike was bought within the last 2-3 years and "re-built" with new tubes, original rims etc, looks to be original paint, no other damage. But the low milage (16k) makes me think it must've been salvaged earlier in its life. Yeah, I'm in CO and I need to get rid of the jeep now, could prob get more with some patience. but you know,,,
A 2002 vstrom is worth under 2k. I wouldn't worry about a salvage title reducing it much.
my thinking oldjeep, its value to me in this case is from something I cant use to something I can,,,
I don't know how it is where you live but around here a salvage title really, really, really reduces the value of a motor vehicle.
I'd keep the Jeep.
RL, thanks for the reply, not much value there to be affected,,,
thanks all, for the needed clarity,,, i think, clear as mud!lol,,,,