Salvage title motorcycles have been creating a lot of buzz lately, mainly because of the exceptionally low price points at which they are sold. In case you don’t already know, a salvage title motorcycle is a motorcycle that has been declared as a total loss by its insurance company as a result of damage caused by an accident, natural calamities or other incident. While many salvage motorcycles can be repaired and put back on the road, they are given a “salvage” title that indicates that they were damaged in the past and have been repaired. While you can always count on AutoBidMaster’s motorcycle auctions for unbeatable deals on a wide range of salvage motorcycles for sale, it is important that you know all about them before putting your money in. That’s why we recommend running a motorcycle VIN check with our trusted partner, ClearVin. Read on as we take a deep dive into the world of salvage title motorcycles.
What happens to a motorcycle after it receives a salvage title?
When a motorcycle is given a salvage title, it is typically sold by the insurance company through auctions to salvage yards and salvage vehicle auction companies. Once a motorcycle receives a salvage title, its market value goes down considerably. Moreover, as auction companies buy them in lots, they are able to get them at exceptionally low prices. These auction companies then put these vehicles on auction, where individuals and businesses can buy them for an array of purposes, ranging from restoration to salvaging parts.
Is buying a salvage motorcycle a wise decision?
There are many benefits of purchasing a salvage title motorcycle, with the primary perk being the cost advantage. This can be particularly attractive for those who are on a budget, as well as hobbyists and flip shops that are looking for a damaged or wrecked motorcycle for their next restoration project. It is also worth mentioning that some salvage title motorcycles may only have cosmetic damage, and may not demand too much in terms of repairs. These are the ones that usually have the highest demand in online auctions featuring salvage motorcycles for sale.
How to buy a salvage title motorcycle?
When it comes to buying a salvage title motorcycle it’s important to thoroughly inspect the motorcycle(s) you choose before going ahead with a purchase. It’s recommended to get the motorcycle inspected by a mechanic or someone with experience with motorcycles, who can give you an estimated cost of repair and diagnose whether or not the motorcycle has any hidden issues. Additionally, it’s important to check the history of the motorcycle, including past accident(s), service history, ownership changes, and other similar aspects.
Wrap Up
As salvage motorcycles for sale have been declared a total loss by their insurance companies, they are available at much lower prices compared to similar used models without a salvage title. That said, it’s important to thoroughly inspect a salvage title motorcycle before purchasing it and consider its history, condition, and resale potential before making a buying decision. If you have any questions about our motorcycle auctions or any of the salvage motorcycles for sale featured in our inventory, simply call: +1 (503) 298-4300, Monday through Friday, 6am to 4pm (GMT-8:00) or email at: hello@autobidmaster.com. We are on a mission to help our customers give a second life to used cars and motorcycles by simplifying auto auctions for all.
- Is Buying a Hail Damage Car Worth It? A Detailed Guide - December 2, 2024
- Affordable Luxury: The Best Budget Luxury Cars for Families in 2024 - November 21, 2024
- How to Lookup a Motorcycle’s VIN Number - November 14, 2024
