03-09-24, 12:18 PM
Cat N is one that is not a structural write off - basically the cost of repair wasn't worth doing it. For example, if your Fazer fell over and cracked the fairing, it would be a Cat N as they cannot get a new fairing at a reasonable price.
Nothing to worry about with the bike as such when buying a CAT N but.......
- some insurance companies wont insure them and those that do may not be at the cheaper end of the market
- The price your friends son should pay is no more than 50-60% of a non-Cat N bike as the insurance companies will value it much lower than a non-cat-N bike
- When selling it on again, make sure you tell the buyer (at least dont lie) that it is a CAT-N and expect only 50-60% of the value of a non CAT-N
CAT-S on the other hand i would not consider as that is a structural issue that may not have been repaired properly.
To be fair, there are loads of bikes out there, especially at the bottom end of the market that have been crashed etc with no insurance claims being made. If they had, it would have been a CAT-N. Instead its not categorised but you are still buying damaged/repaired bikes that are exactly the same.
Nothing to worry about with the bike as such when buying a CAT N but.......
- some insurance companies wont insure them and those that do may not be at the cheaper end of the market
- The price your friends son should pay is no more than 50-60% of a non-Cat N bike as the insurance companies will value it much lower than a non-cat-N bike
- When selling it on again, make sure you tell the buyer (at least dont lie) that it is a CAT-N and expect only 50-60% of the value of a non CAT-N
CAT-S on the other hand i would not consider as that is a structural issue that may not have been repaired properly.
To be fair, there are loads of bikes out there, especially at the bottom end of the market that have been crashed etc with no insurance claims being made. If they had, it would have been a CAT-N. Instead its not categorised but you are still buying damaged/repaired bikes that are exactly the same.
Another ex-Fazer rider that is a foccer again