HoHoHo Merry Christmas it's a write off!

dibbster · Nearly there... Joined: 15 Apr 2004 Karma :

Following on from my earlier adventure with a Fiesta. The engineer finally came to look at the bike today and decided to write it off as a cat C. He valued it at £2000 which means it would cost me £700 to buy it back. Any ideas if there would be a profit out of breaking it up for spares?

/me now goes off in search of this week's Biketrader to find its replacement.
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Suzuki RF 600 - The two wheeled Testarossa (Deceased)
Suzuki GSXR - Now stops on a sixpence; SBK3's Thumbs Up

www.bikepics.com/members/dibbster

WildGoose · White Van Man Joined: 20 Mar 2002 Karma :

i'd guess you could probly sell it at a profit, as a Cat C can be out back on the road once it passes an MOT i believe

i made a substatial profit from my Cat B sold as a track day bike
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So in other words, he stopped you for being flagrantly in posession of a motorcycle in direct contravention of the Hippies, Darkies and People Whose Face I Don't Like The Look of (Police Powers) Act. 1976

Frost · World Chat Champion Joined: 26 May 2004 Karma :

If the damge isn't too bad you could get some second hand parts for it and fix it up a little yourself. £700 + £100 parts = sold for £1200 on ebay as a fixer upper/cosmetically damaged.

Villers · World Chat Champion Joined: 13 Sep 2004 Karma :

Dibbster, forgive my curiosity but how does the whole insurance thing work? How come it costs you 700 to buy back when its been valued at 2000? Does that mean they gave you two grand for it, then you give them 700 back and keep the damaged steed?

cheers

Wink

dainesefreak · World Chat Champion Joined: 04 Apr 2003 Karma :

He'd get a payout of £1300 and get to keep the bike.

£700 seems excessive on a £2k payout to me. I paid £200 on a £6k payout to keep my written off Blade.

Demonic69 · The Pink Rhino Joined: 31 May 2002 Karma :

Wanna buy a Fireblade? Very Happy

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Back on a Blade. Just feels so right.

dainesefreak · World Chat Champion Joined: 04 Apr 2003 Karma :

Who me?

dibbster · Nearly there... Joined: 15 Apr 2004 Karma :

dainesefreak · World Chat Champion Joined: 04 Apr 2003 Karma :

I must admit I'm not sure how the salvage option works even though I've been through it. It was with Egg who were worse than useless but it seems they did me a favour in the end.

I didn't even get to find out what category write off it was and I kept the log book. Shocked

Villers · World Chat Champion Joined: 13 Sep 2004 Karma :

Cheers guys makes a bit more sense to me now!!