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Valuing a Cat C?

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Albigularis
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PostPosted: 16:54 - 20 Dec 2016    Post subject: Valuing a Cat C? Reply with quote

Looking to find out where I can best find a valuation for my 'Busa now that it's been Cat C'ed? Can't see a specific bit of the forum to use?
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M.C
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PostPosted: 18:18 - 20 Dec 2016    Post subject: Reply with quote

Whatever someone will pay for it Cool Normally enough of a discount so someone goes ooh, on a 3.5k bike (for example) maybe selling for 3k. It will probably take longer to shift.
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Albigularis
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PostPosted: 18:37 - 20 Dec 2016    Post subject: Reply with quote

As a figurative example then, my Busa is worth about 5400, 2008 (gen 2), metallic grey/black, 13k miles, mechanically perfect, basically it fell over in a car park and her insurance has wrote it off since fairings are mental money. It literally has tiny marks on the side, the rear fairing/crash bung/mirror/alternator cover. That's it. I was thiknig £3k would be low enough to shift it fast? That's as cheap as the cheapest gen 1s I can find on eBay and the like...
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M.C
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PostPosted: 19:11 - 20 Dec 2016    Post subject: Reply with quote

*waits for Paddy* How much did you buy it off the insurers for?
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Kickstart
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PostPosted: 19:16 - 20 Dec 2016    Post subject: Reply with quote

Albigularis wrote:
As a figurative example then, my Busa is worth about 5400, 2008 (gen 2), metallic grey/black, 13k miles, mechanically perfect, basically it fell over in a car park and her insurance has wrote it off since fairings are mental money.


While they are not cheap, bit nasty of them to write it off for something so minor. Side fairing panel is about £400 and top fairing about £350 (prices from Robinsons Foundry). And 'busa bodywork used to be dirt cheap 2nd hand as so many were broken for the engines.

If repaired the price you want seems pretty cheap. Not sure what the going rate is for the engines these days, but used to be pretty close to that.

All the best

Katy
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Oldie
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PostPosted: 20:28 - 20 Dec 2016    Post subject: Reply with quote

I'd knock off £1500 to get CatC value.
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Albigularis
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PostPosted: 20:30 - 20 Dec 2016    Post subject: Reply with quote

Kickstart wrote:
Albigularis wrote:
As a figurative example then, my Busa is worth about 5400, 2008 (gen 2), metallic grey/black, 13k miles, mechanically perfect, basically it fell over in a car park and her insurance has wrote it off since fairings are mental money.


While they are not cheap, bit nasty of them to write it off for something so minor. Side fairing panel is about £400 and top fairing about £350 (prices from Robinsons Foundry). And 'busa bodywork used to be dirt cheap 2nd hand as so many were broken for the engines.

If repaired the price you want seems pretty cheap. Not sure what the going rate is for the engines these days, but used to be pretty close to that.

All the best

Katy


When you consider one fairing panel plus its foam padding, mirror, rear fairing panel, exhaust set (I have the stock ones so not a resale issue), the generator cover/gasket/labor to fix it. It all adds up very quickly unfortunately. There's more stuff, but obviously a garage charging for a new numberplate aren't charging £6, they're charging an insurance company £60. The R&G tail tidy being slightly bent means "replace it" to the insurance, whereas to me it's 30 seconds and a strong grip to fix.
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Kickstart
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PostPosted: 21:05 - 20 Dec 2016    Post subject: Reply with quote

Albigularis wrote:

When you consider one fairing panel plus its foam padding, mirror, rear fairing panel, exhaust set (I have the stock ones so not a resale issue), the generator cover/gasket/labor to fix it. It all adds up very quickly unfortunately.


Seems to have added up rapidly, given if a £5400 bike it would write off at ~2/3 that, so at about £3600. Exhaust is probably the really biggy that you didn't mention (cans are ~£900 each - really silly money). Fairing panel price is including the padding. Crankcase covers are remarkably cheap.

All the best

Katy
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MattEMulsion
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PostPosted: 00:00 - 21 Dec 2016    Post subject: Reply with quote

Why have they decided its a Cat C and not a Cat D then???
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Albigularis
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PostPosted: 01:01 - 21 Dec 2016    Post subject: Reply with quote

Kickstart wrote:
Crankcase covers are remarkably cheap.

All the best

Katy


I know they're not expensive in themselves, but say you have that cover, it's £80, £15 for the OEM gasket, a reputable garage will need to do an oil change/top up as they're opening it up, so there's oil and a filter too, plus the labour. That £80 part is now a £200+ bundle of work...
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P.
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PostPosted: 08:27 - 21 Dec 2016    Post subject: Reply with quote

3k sounds alright however for some people, the cat c marker does not matter. If it's got some scuffs and it's not been smashed into a car, most people will likely buy it.
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M.C
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PostPosted: 11:51 - 21 Dec 2016    Post subject: Reply with quote

M.C wrote:
*waits for Paddy* How much did you buy it off the insurers for?

So I'm guessing you haven't?
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Ste
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PostPosted: 12:15 - 21 Dec 2016    Post subject: Reply with quote

Let the insurance company make the first offer.
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Rogerborg
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PostPosted: 14:10 - 21 Dec 2016    Post subject: Reply with quote

Albigularis wrote:
Busa is worth about 5400, 2008 (gen 2)

Internets suggests £4,350 dealer, £3,730 private good. Yours is low mileage, granted.

Albigularis wrote:
It literally has tiny marks on the side, the rear fairing/crash bung/mirror/alternator cover. That's it.

Why sell it then? Buy it back then keep riding it and pocket the winnings.

Don't worry, they'll be clawed back in the excess, NCD loss and increased premiums on all your vehicles for 5 years.

If it's that minor, I'm puzzled as to why you went via insurance at all.
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Albigularis
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PostPosted: 15:45 - 21 Dec 2016    Post subject: Reply with quote

Rogerborg wrote:
Internets suggests £4,350 dealer, £3,730 private good. Yours is low mileage, granted.


For a late Gen 1 maybe, but a Gen 2 is a significant price jump. Her insurance settled on a value of £5,450 in calculating what they were giving me for it. You can barely get an early Gen 1 for £3,000.

Rogerborg wrote:
Albigularis wrote:
It literally has tiny marks on the side, the rear fairing/crash bung/mirror/alternator cover. That's it.

Why sell it then? Buy it back then keep riding it and pocket the winnings.


Well, the way it works out, if I get £3000 for it, I'll have effectively got over £7k for it. If someone offered me £7k for the 'Busa -as much as I like it- I'd sell it in a heartbeat.


Rogerborg wrote:
If it's that minor, I'm puzzled as to why you went via insurance at all.


Mainly so it screws her over more than me. Plus, profit. Also I wont lose NCD - I'm claiming off her insurance, not mine.
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Rogerborg
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PostPosted: 15:52 - 21 Dec 2016    Post subject: Reply with quote

Albigularis wrote:
Her insurance settled on a value of £5,450

Doh! This is the one that "fell" over after a ladycopper drove into it. Sorry, I'd come off the boil, drama wise.

Sure, take everything going, then drop her a thank you note. Wink
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Kickstart
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PostPosted: 23:05 - 21 Dec 2016    Post subject: Reply with quote

Albigularis wrote:

I know they're not expensive in themselves, but say you have that cover, it's £80, £15 for the OEM gasket, a reputable garage will need to do an oil change/top up as they're opening it up, so there's oil and a filter too, plus the labour. That £80 part is now a £200+ bundle of work...


The prices really are generally less (ie, the gaskets are £7 or £10 depending on which side), and an oil change should be a lot less than that (especially when they are doing most of the work to change the fairings, etc).

No surprise that bike insurance can be hideous when they write off a bike for quite minimal damage (and the stupid cost of a silencer is certainly going to help that).

Sorry

Katy
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