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For Sale & Wanted / Re: 04 FAZER 1000
« on: 13 September 2013, 07:37:17 pm »
SOLD!!!
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It does not show on the Insurance, neither the log book, the only way you can tell is if you do the HIP check...
It is short sighted "FACT" , that some one would not buy a bike because of the past history, lost of people who havnt got fully comp had had their bikes thrown down the road, second hand fairing and past it on without the new person knowing, at least if someone does the correct thing and inform their insurance company, there is a record of what damage was sustained therefor your able to check to see if the work has been carried out correctly...
I agree, there should be a slight decrease invalue, but not much, but there, its all in the eye of the potential buyer, i bought mine with a CAT D, and to be honest i havent seen a nicer cleaner one about..FACT. and would in buy another, of course.
When Lots of peeps throw there bike down the rd and not inform the insure co its irrelevant because that bike once repaired by owner will have a full retail value because the history is never known as no claim has been made, a cat reg bike has had a pay out in full so therefore its value now is less than half if not less, and you are correct a insure co will not no its history as its your responsibility to inform the insure co and not there's to no and failure to disclose this info well you may as well not bother with insurance .. Because in the event of a accident they will cancel/void your policy and if you caused the incident or even kill someone than expect to be sued big time, if you disclosed everything and say the bike got wrote off than expect about £1500-£1800 max after all they don't pay out in full twice, dealers can't retail cat bikes on the shop floor as finance co don't touch em, and tbh I'd say you or anyone will struggle to insure that bike correctly by disclosing everything once you tell em its cat d and paint, forks, add ons alarm bells start ringing than they won't touch it.
I've brought various cat d vehicles from van,cars to machines last one a vw cost £30k new it had 5k on 11 plate less than 12 months old and i paid £12k all repaired by vw approved shop its reg as cat d, we also got a John copper special we paid £5k for repaired and i always insist on seeing pics of damage and i disclose everything to insure.
And £3500 would have brought you this