The 4 Worst Mistakes You Can Make at a Salvage Motorcycle Auction
- on 10.01.08
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It's no secret that you can get a bargain at your local salvage motorcycle auction. If you're smart, quick and mechanically inclined, you should be able to pick a diamond from the pile of rubble. Insurance companies tend to dump damaged motorcycles rather than repair them, so there are plenty of salvage bikes being pushed to the auction houses. As at any auction, you will have a good time if you apply a few basic rules, but if you don't - it could be a real disaster.
It doesn't matter if you are new to the salvage motorcycle auction scene or a veteran, making any of the following mistakes can end up costing you a bundle of cash and ruin your buying experience:
Mistake Number One. Not Doing Your Homework. I know. You thought that once you were out of school, you wouldn't have to do homework again. But I promise you, this homework will prevent you from losing your Astroturf at a salvage motorcycle auction. So, before you go, research the bike you want to buy. Find out the NADA value, the Millers Guide value, or the Japanese Motorcycle value. Find out the damage. Check the prices of replacement parts and paint.
Mistake Number Two. Not Setting A Money Limit. It's easy to get caught up in the auction frenzy and end up paying much more than the bike is worth. Once you have completed your research you should have a good idea of how much you should spend on your salvage motorcycle. It's too often tempting to bid "just one more time" and then "ok, just one more time" - until you have completely blown your budget on a bike that still needs repair.
Mistake Number Three. Not Previewing. Before the auction begins, you will be given time to preview the salvage motorcycle. Sometimes there will be auction staff available to answer questions and start the engines. Sometimes there won't. Just do your best. Make sure you write down the number and order of the auction. Check out visible damage. This is where you can adjust your budget if necessary. If there is more damage than you originally thought, adjust down. Less damage? If it will cost less to fix, you may need to adjust your limit up to stay up with the prospective bids.
Mistake Number Four. Not Listening To the Auctioneer. An auctioneer is required by law to tell you what is wrong with the item up for sale. You must listen. During your research you will find out the acceptable title requirements for your state. Your auctioneer will state whether the bike has a salvage title, clear title, or no title. He will tell you whether or not he has a key. (Handy if you want to actually start the bike.) He will impart all of the information you need to know, but do it so quickly that if you are not paying attention and taking notes, you may end up paying for a very large doorstop.
Yet, if you can avoid making these 4 common mistakes, if you do your homework, set a bidding limit, preview your auction item and listen to the auctioneer, you will put yourself at a great advantage when it comes time to bid on your salvage motorcycle. Happy Bidding.
Yamaha 250cc Moto4 HI / LO RATIO GEARBOX gear salvage| £75.00 End Date: Tuesday Feb-07-2012 12:54:51 GMT Buy It Now for only: £75.00 Buy it now | Add to watch list |
Yamaha TeoS 125 Scooter Accident damaged salvage cat "C"
| £300.00 (0 Bid) End Date: Thursday Feb-09-2012 11:29:08 GMT Bid now | Add to watch list |
yamaha gt 80 enduro. classic spares or repair/salvage/restoration/project
| £300.00 End Date: Friday Feb-10-2012 10:06:10 GMT Buy It Now for only: £300.00 Buy it now | Add to watch list |
SALVAGE ACCIDENT DAMAGED BIKES BOUGHT YAMAHA KAWASAKI SUZUKI HONDA IMPORTS
| £1,000.00 End Date: Sunday Feb-12-2012 10:05:06 GMT Buy It Now for only: £1,000.00 Buy it now | Add to watch list |
Yamaha NXC 125 CYGNUS Salvage Repairable Damaged
| £395.00 End Date: Sunday Feb-12-2012 14:22:25 GMT Add to watch list |
Yamaha Moto 4 225 Front Rack Quad Salvage Spares
| £39.95 End Date: Tuesday Feb-14-2012 21:13:39 GMT Buy It Now for only: £39.95 Buy it now | Add to watch list |
1990 HONDA CBR1000F-L CBR 1000 stolen recovered damaged repairable salvage
| £450.00 (1 Bid) End Date: Sunday Feb-12-2012 21:01:17 GMT Bid now | Add to watch list |
1994 HONDA CBR600 CBR 600 damaged repairable salvage
| £500.00 (0 Bid) End Date: Sunday Feb-12-2012 21:14:09 GMT Bid now | Add to watch list |
1991 Honda CBR250R MC19 CBR250 Salvage Breaking GENUINE Rear Brake Switch
| £19.99 End Date: Tuesday Feb-28-2012 12:17:53 GMT Buy It Now for only: £19.99 Buy it now | Add to watch list |
1991 Honda CBR250R MC19 CBR250 Salvage Breaking Front Fairing Indicators
| £19.99 End Date: Tuesday Feb-28-2012 12:19:20 GMT Buy It Now for only: £19.99 Buy it now | Add to watch list |
1991 Honda CBR250R MC19 CBR250 Salvage Breaking Rear Indicators Indicator
| £19.99 End Date: Tuesday Feb-28-2012 12:21:07 GMT Buy It Now for only: £19.99 Buy it now | Add to watch list |
1991 Honda CBR250R MC19 CBR250 Salvage Breaking Ignition Switch Key Start
| £29.99 End Date: Tuesday Feb-28-2012 12:24:31 GMT Buy It Now for only: £29.99 Buy it now | Add to watch list |
HONDA VFR 800 A2 V-TEC 2002 - SALVAGE FOR SPARES
| £275.00 End Date: Sunday Feb-12-2012 13:05:30 GMT Add to watch list |
Dan Kitchel is an auctioneer and salvage motorcycle enthusiast. Check out the Salvage Motorcycle Blog for more information on how you can make money buying, fixing and selling salvage motorcycles.
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