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Scrap or repair 2007 cg125?

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Gra
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PostPosted: 22:54 - 23 Apr 2015    Post subject: Scrap or repair 2007 cg125? Reply with quote

So I have been given back my 2007 Honda cg125 by my insurance company having been rear ended and the bike written off as uneconomical to repair.
I am wondering if it's worth repairing and selling or just sell as spares / repair?
The rear wheel is lightly buckled and rear swing arm bent. Front console is a little twisted but that's about it.
I assume I would then need an approved mechanic to register it as fit, new MOT and back on the road. Would I have to declare it as crash repair though?
Any thoughts from anyone?
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Nemo
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PostPosted: 23:01 - 23 Apr 2015    Post subject: Re: Scrap or repair 2007 cg125? Reply with quote

Gra wrote:
So I have been given back my 2007 Honda cg125 by my insurance company having been rear ended and the bike written off as uneconomical to repair.
I am wondering if it's worth repairing and selling or just sell as spares / repair?
The rear wheel is lightly buckled and rear swing arm bent. Front console is a little twisted but that's about it.
I assume I would then need an approved mechanic to register it as fit, new MOT and back on the road. Would I have to declare it as crash repair though?
Any thoughts from anyone?


Work out the cost of the parts you would need, then decide if it's worth repairing. Beauty of little 125s is that parts are relatively cheap.

Someone else can come with the legal stuff about putting it on the road, I'm not that clued up and never had to do it before.
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andym
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PostPosted: 23:26 - 23 Apr 2015    Post subject: Reply with quote

I'm almost positive if it's a Cat C or D you can just take it for an MOT when the work has been done
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talkToTheHat
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PostPosted: 00:34 - 24 Apr 2015    Post subject: Reply with quote

went through this with mine last summer. Cosmetic damage. Uneconomic to repair. I had it mot'd and thus verifiably roadworthy as soon as I had could after it had been inspected by the "engineer" sent by the underwriter. As far as the law goes, no VIC is required for a bike and MOTs don't get cancelled so could have waited until time was up, but chose an MOT as the least hassle way of showing that I'd fixed anyhting potentially dangerous. Didn't repaint until I was paid out. Exhaust waited untill my insurance renewal date as LV wanted a 30% loading and an admin charge for a motad system, and plenty of others didn't.
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P.addy
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PostPosted: 07:28 - 24 Apr 2015    Post subject: Reply with quote

andym wrote:
I'm almost positive if it's a Cat C or D you can just take it for an MOT when the work has been done


No MOT required unless it's actually expired. You just want to make sure its roadworthy before chucking on the road.
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Mark65
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PostPosted: 20:26 - 24 Apr 2015    Post subject: Reply with quote

£25 for swingarm there abouts and straighten wheel, sorted. Very Happy
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Gra
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PostPosted: 23:04 - 24 Apr 2015    Post subject: Reply with quote

From what I can gather I can simply repair the duff bits, get a new mot, ( although not actually required if mot is current) then apply for updated V5 and sell. Simple as that. I have had it returned at £140 buy back so I reckon I can repair, mot and still make a little profit. Do I have to declare that it's a cat c repaired bike to the new buyer or is it up to them to have the HPI done?
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CBRMAN94
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PostPosted: 23:16 - 24 Apr 2015    Post subject: Reply with quote

I'll have the engine if you're gonna scrap it Laughing
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Gra
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PostPosted: 23:21 - 24 Apr 2015    Post subject: Reply with quote

Lol, I'll keep you posted and let you know my decision once I've priced up the parts and my time. Where in the UK are you? I might actually make more money from a full strip down, selling parts? Anyone comment from experience?
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Taught2BCauti...
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PostPosted: 08:33 - 25 Apr 2015    Post subject: Reply with quote

Be totally honest about the circumstances with the new buyer - think about how you would feel if you bought a bike and later found that the seller had lied or covered up it's history.

I would even take before and after pictures and show receipts for any associated parts you have replaced.

You probably won't get top-dollar for a repaired bike, but you will make a useful profit.

You don't want to risk an angry buyer sending it back a piece at a time through your windows either.
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kramdra
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PostPosted: 15:25 - 25 Apr 2015    Post subject: Reply with quote

cg has very little value. Why work on one when you could get a much nicer project?

Scrap the bent bits, stick the rest on ebay, buy something nicer.
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spannermonkey...
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PostPosted: 17:31 - 25 Apr 2015    Post subject: Reply with quote

Get the bike on a jig to check for straightness.

Be careful when you sell it as you have to tell the new own that it has a write off cat and that will obviously effect the price some what. It may look good and ride safe but the write off cat stays with the machine as a marker. So don't throw money into as you might not get it back.

I read somewhere once that a right off cat C/D is to be sold roughly at half market value as if the new owner finds out if you have ripped them off they can come back and demand money off you by law.

Fact or not who knows, I've owned a few cat C machines but then everybody has been honest and so has the price.
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spannermonkey...
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PostPosted: 17:56 - 25 Apr 2015    Post subject: Reply with quote

I forgot to say the insurance company also need to know if it has a right off cat.
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Gra
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PostPosted: 21:10 - 25 Apr 2015    Post subject: Reply with quote

I've made one decision at least, I won't repair the bike before selling. The profit margin in selling as a cat c for repair as opposed to buying the parts, taking the time to repair and then sell as a repaired cat c is minimal for a 2007 CG 125. I will either sell as it is or strip it down. I'm thinking the most profitable will be to strip it down, despite EBay fees. Has anyone got experience of stripping and selling a bike in this low value range? Any and all opinions welcome, before I take my hammer and spanner to it Smile
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wr6133
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PostPosted: 21:44 - 25 Apr 2015    Post subject: Reply with quote

Gra wrote:
The profit margin in selling as a cat c for repair as opposed to buying the parts, taking the time to repair and then sell as a repaired cat c is minimal for a 2007 CG 125.


Really?

From your description you need a rear wheel and a swingarm.

Quick look on fleabay

Swing Arm - £35
Wheel - £35

add the £140 the scrap cost you and it's £210 total...... quick easy profit there.

Breaking the bike may yield more eventually but you spend fuck knows how long shifting all the parts and instead of having to deal with one possibly retarded buyer you may be dealing with one hundred.
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CBRMAN94
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PostPosted: 21:45 - 25 Apr 2015    Post subject: Reply with quote

I'm in the North east but honestly, Might be worth just fixing cheaply (but safely) and selling on. May even be interested in the whole bike if you're gonna scrap/ break it Thumbs Up

Got any photos so we can gauge damage and give advice?
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Gra
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PostPosted: 22:41 - 25 Apr 2015    Post subject: Reply with quote

Thanks for the opinions. I'm away from home for the week but will take photos and check the report and post it on here. It can be frustrating trying to work out the best thing to do. I'm looking for quick gain profit but don't want to sell a duff bike to an unsuspecting rider, especially as 125cc buyers tend to be newer riders. The amount of work and doing it isn't an issue at all, I enjoy riding more as I get to understand the bikes I have worked on.
Repair and sell, Sell as cat c, Strip to sell parts, Choices, choices
' I used to be indecisive but now I'm not sure '
I look forward to reading more ideas once I can pass on the full details later this week, Cheers
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Gra
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PostPosted: 22:44 - 08 May 2015    Post subject: Reply with quote

Finally managed to view the assessors report. For some reason they have suggested replacing just about everything from brake levers and indicators to bar-ends and bushes. Reading between the lines the CG needs new front forks, new rear wheel and sprocket and swing arm . I reckon £150 or so for parts and MOT, added to the £140 paid makes a spend of £300 or so. Sell for £600 as a cat c repair so £300 profit. I could sell for more probably, depending how honest I'm feeling.
OR, sell for £400 as a cat c, unrepaired and make £260 profit. Not much in it really.
I did think about breaking but I have to agree that I would have to deal with a hundred EBay idiots instead of 1 and really don't want the hassle.
Keep an eye on Gumtree. Smile
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