Welcome!

 

Greetings and you can offer $1K, but not too sure they'll bite. Agency knows the value of these vehicles and they've already paid plenty to former owner. You're probably looking @ closer to $4K for this bike b/c it's damaged, but nothing major. Ignition, rim & fender will only run less than $500 so you're literally getting a $9K bike for $4.5K (50% of new). Good luck!

 

Salvage title cuts the price in half. Check your state to see if you can even get plates for it.
Usually these are auctioned off.
Grand would be my bid.

 

Welcome from New Mexico!

 

Welcome

 

Welcome to the HD Forum from the sunny shores of SoCal.

 

I actually just spoke with them and it is listed as an online auction. The bid is currently at $1250 so I'm guessing people are very confident that it's just a minor problem?

 

Well it is worth that as salvage, let me repeat what I said earlier, before you bid on this, make sure you can get a plate for it with the salvage title.
Every state is different, but the salvage laws have gotten much stronger in the last five/ten years. When a bike/car is totaled the insurance company has to change the title to a salvage title. These cars/bikes have to be parted out, the titles returned to the state.
Like I said each state has their own laws, so they vary some states you can take the repaired vehicle and have it inspected, but you never receive a clean title for it, just one that you can get plates for it a title of rebuilt vehicle.
How do you think this would affect the value of a nice Harley?
Also the days of title laundering are gone. This was the practice of taking the title to a state that did not recognize the salvage designation and you would get a clean title then move the title back to your state.
Years ago there were businesses that specialized in this, but the states figured this out pretty fast and stopped it.
Just make sure of your state laws.
There are several web sites that will take your bid and bid for you on insurance bikes, like this one. It is a good place to learn about salvage bikes.

http://www.salvagebikesauction.com/v...ssee/id/6/pg/1

 

Ok found this for Ohio.

http://www.dmv.org/oh-ohio/salvaged-vehicles.php
Obtaining a Salvage Title

Insurance companies make judgments on damaged vehicles to determine whether it is economically feasible to have them fixed. If they decide that a vehicle isn't worth being fixed, either the insurance company or you (as the owner) must obtain a salvage title within 30 days.
To get your title switched to salvage status, bring the original title along with identification to a County Clerk of Courts title office to apply.
If you decide to keep the vehicle and repair it, you will not be allowed to drive it on any highway while it has a salvage title.
Rebuilt Salvage Titles

After you make the necessary repairs to bring your vehicle into working condition, you will need to obtain a rebuilt salvage title.
The first step in this process is to have it inspected at an inspection facility run by the Ohio State Highway Patrol (scroll down that page for addresses).
Before making the inspection appointment, stop by a deputy registrar's branch to pick up an inspection form and pay the required fee. Your clerk will then give you a receipt number. You'll need that number when you are scheduling the appointment to have your vehicle inspected.
The Inspection

Make sure to bring any receipts for repairs and new parts with you to the inspection, along with the salvage title. If you have receipts from private-party sales, they will need to be notarized.
Keep in mind that the purpose of the inspection is to certify the ownership of all the vehicle parts and to review all the required documentation. It is not a judgment on the vehicle's safety, or the quality of work performed.
If your vehicle passes the inspection, take the completed inspection form and your salvage title to a title office and apply for the rebuilt salvage title. Once you obtain that, your vehicle is legal to be driven on highways.
You should also know that if you dismantle, destroy, or change the character of your vehicle so that it no longer is a complete car, you must forfeit your title to the County Clerk of Courts title office. Likewise, if you sell your car to a junk dealer, you must sign over your title to the dealer.

 

Thanks a lot for your help. I checked and it is insurable IF it passes inspection. Although I am positive I will not be bidding on the bike because after everything is taken care of I would have spent 3 grand for a salvaged bike which is personally not worth half that to most people. My cousin used to deal in salvaged cars and after he told the possible buyers that it had a salvaged title they would immediately back out. Not to mention here in Ohio for a private individual to bid in a salvage auction they need to go through a broker who takes a $250 fee. I will definitely be looking on eBay and craigslist this winter for better deals.