What to do with my bike? [CAT C write off]

[dodger]

Following on from THIS thread I have been informed that my Gixxer is now a Cat C write off.

I am expecting a call tomorrow from the engineer to negotiate a price for my bike. As I paid £4500 about 4 months ago what can I reasonably expect their offer to be?

Also I am keen to buy it back and then sell it to a breakers yard or e-bay it, so how much can I expect for a Cat C K4 GSX-R 600? I've e-mailed a few breakers today but no-one has got back to me yet and I suspect they will try to rip me off on the price.
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My Bikes: Piaggio NRG| Aprilia RS 125| Suzuki GSX-R 600|Yamaha Fazer Ducati 848
Europe 2008

[Whosthedaddy]

My 7R was a Cat C many a moon and several people back.

To be sold as a proper bike on the road again it will need to be tested again and obviously all the wrong things put right again beforehand.
If you don't spend any money on it then its going to be sold as SORN / non runner / etc and this will be reflected in the low price.
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Current : MSX 125 Past : CBR 900RR Monkeybike : c50 LAC : ZXR750 H2 : FZR600 : ZX7R P3 : YW100 : TRX850: Trophy 900 T309 : GSXR 600 L0: Monkeybike : XJ6S Whosthedaddy

[Kickstart]

Hi

Personally I would say make sure you get it back and then sell it on. Possibly do the work yourself to turn it into a track bike.

Tiny amount of damage to write a bike off.

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing

[deanoet]

You will get offered book price, probably the lowest value, then you can either accept the amount, or tell them to stop taking the p**s and they will either offer more, or say that is the best they can do..

You can find book price from Parkers Price Guide just click on the motorbikes link, obviously and search for your bike.


To buy it back they will offer less, but you will of course get the bike back
some insurers dont let you do this, you will have to see.
Not sure on the ins and outs of it as i have never done it, but good luck
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CBT Passed 18th July 2007 : Previous Bikes> CG125 : Current Bike> Hornet 600 : PASSED DAS 30th Oct 2007
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[Itchy]

Insurance categories are ridiculous , I saw a nearly mint GSXR1000 , which had a piece of fairing the size of a playing card , was written to Cat D, I'm thinking WTF? ,
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Spain 2008France 2007Big one 2009 We all die. The goal isn't to live forever, the goal is to create something that will. In the end, your life will flash before your eyes. Make sure it is worth watching.

[Whosthedaddy]

When my mini was written off I was offered the figure that was on the insurance policy (about £300 more than it was worth at the time sol nice result ) in a nice fat cheque and I sold the car in the end for...






...£10.

In all maybe it took 2 weeks tops from start to finish.
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Current : MSX 125 Past : CBR 900RR Monkeybike : c50 LAC : ZXR750 H2 : FZR600 : ZX7R P3 : YW100 : TRX850: Trophy 900 T309 : GSXR 600 L0: Monkeybike : XJ6S Whosthedaddy

[Whosthedaddy]

[Jack_Cheese]

Buy it back, repair it, MOT it and sell it on.
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www.bikepics.com/members/jackcheese <--- NOW FOR SALE! 51 Plate Cagiva Planet 125
Quacker_boy: "Jack, you really are a dick!"

[UrbanRacer]

Let me know how much they offer

[colin1]

in another thread, someone was offered book price for their vfr750 (slightly more than htey had paid) and told they could buy it back for 10% of that

a good deal really, when its worth more than that to someone
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colin1 is officially faster than god

[Syx]

Deffo buy it back mate, at the very worst you can strip it for parts and get more than your money back.
However I'd probably repair it and get it out on a track.

[dodger]

[UrbanRacer]

3800 is a good price for a 2004 GSXR 600

[dodger]

Yeah its not that bad actually. However, no harm done in trying to get a bit more...
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My Bikes: Piaggio NRG| Aprilia RS 125| Suzuki GSX-R 600|Yamaha Fazer Ducati 848
Europe 2008

[Finglonga]

[Kickstart]

[dodger]

[Kickstart]

[trevoriv]

I think technically once a vehicle is written off, regardless of a price being agreed, it becomes the property of the insurance company who then offload it to contracted salvage companies.

Although i'm not sure at what point exactly in the proceedings that the vehicle ownership is transferred. May ask some claims people at work tomorrow
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Past: '96 Thundercat, '02 ZX636R (A1P), '58 KTM 690 SM LC4 Current: '06 ZX636R (C6F)
Mudskipper wrote: Someone just has to sig that...

[sickpup]

[Fawbish]

[dodger]

No they have offered me £3800 as a total loss payment.

However, I have argued that this is below market value of the bike and posted a few adverts from Biketrader etc showing similar bikes with a higher value than £3800.

I stated on the phone that I wished to buy the bike back and was told that I had to sort it out with the salvage company. However, in the letter I wrote, I stated that I wished to retain possession of the bike as part of the settlement [thanks to Kickstart ].

So hopefully the next stage will be a new total loss payment figure with me keeping ownership of the Gixxer.

Hope that makes sense...
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My Bikes: Piaggio NRG| Aprilia RS 125| Suzuki GSX-R 600|Yamaha Fazer Ducati 848
Europe 2008

[trevoriv]

[dodger]

After much hassle, AXA have finally come back with a new offer...£4000.

However, they are refusing to let me keep the bike as part of the settlement insisting that I must purchase it off the salvage company should I wish to [and I guess they will want substantially more than what they give AXA for it]

I'm going to give it one more try tomorrow to get the bike as part of the settlement but otherwise it looks as though thats the final offer.

Word of warning, AXA are shit at sorting claims out! I've had promises to return calls, letters going 'missing', direct phone lines ringing out and some of my details being 'lost'. A farce of a company!
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My Bikes: Piaggio NRG| Aprilia RS 125| Suzuki GSX-R 600|Yamaha Fazer Ducati 848
Europe 2008

[Kickstart]

Hi

My guess is that the insurance company would normally sell it for about £200~£400 based on what others have paid, while the salvage company will want ~£2000.

All the best

Keith
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Traxpics, track day and racing photographs - Bimota Forum - Bike performance / thrust graphs for choosing gearing