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| *Vultures Knob>>>Bike Insurance |
Are salvage/insurance vehicle websites deals as good as they seem? |
I'm looking for a cheap motorcycle. I've found some websites that have bidding for salvage titled motorcycles. Some of the bikes look really nice and are going for only a couple hundred dollars. The sites ask for $25-$50 to sign up to be able to bid on the bikes. The websites are too good to be true. The insurance company wants as much money as they can get for each vehicle. If they are willing to sell them that cheap, then those bikes are the bottom of the barrel. The websites are making money on signups, listing fees, and possibly sales commission. The other problem is trying to get a salvaged titled vehicle registered. Some states won't allow it, others make you go through an extensive DMV inspection. Depending on the damage to the bikes, if you can't fix them yourself, it could be a fortune to repair. My advice, spend a little more for a bike with a clear title. It'll save you money and headaches in the long run. Are these websites too good to be true? These websites give you the opportunity to buy salvage vehicles from insurance auctions without you having a dealer license because their service is to buy the vehicle on your behalf. Yes and No. |
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