Dear Forum members, My white, 2020, Monster 797, with just 2,100 miles on the clock (It arrived the day we went in to the first lockdown, so I was hardly been able to ride it!) was attempted stolen a couple of weeks ago. "Luckily", I managed to interrupt the attempt. At first, it looked like they had just popped the tank up, and were trying to get the steering lock off. However, to be 100% sure that nothing 'critical' had been damaged, I had the bike taken to a Ducati garage for evaluation / repair. This morning, the news came back that the would-be thieves had 'twisted' the frame, and damaged the steering block(?). Apparently, the rest of the bike is in perfect condition - wheels, engine, suspension, etc., etc., However, the cost of the repair... £8,600 (The bike was £8,100 new). So, my question is... how much is the bike worth now, if I sell it for parts...? Or, sell it 'as is'? Thanks, Daniel
My guess is that if you’ve the patience to break it up, store, sell off the parts in small chunks that you’ll make more than the “sum of the parts together”.
assuming you buy the write off back off the insurance company. depending what they want for it, might not be worth it...or might be good earner
That's kind of my question... is it easy to sell the component parts? Worth it? (I don't have any tools, or the time, or space to strip down a bike). I've not been through this process before... so, I'm guessing from your comment, that if the insurance company writes it off, they take the bike...? You don't keep it? I guess they sell it for scrap / salvage and recoup some of their losses?
yup, they pay out for the value of the bike so its then theirs but you can usually buy back the salvage or as you say they will dispose of it. some folks do that in order to either break as you suggest or fix themselves - though will always be a Cat whatever now as a previously written off bike. not really sure worth while especially if you dont have time/inclination or space.
If eBayers are anything to go by. If it cost 8k new and it’s totally and utterly fucked! With perhaps only the rear wheels dust cap salvageable… provably around 7k
as Fraser says really. I think unless your planning on rebuilding and keeping it or using the parts for a project bike, it’s a lot of agro and effort and skill which by your own admission you clearly don’t have. The insurance company will usually go on the dealers report or collect to be assessed by their own/chosen company, once deemed a write off they will look up market value, have a look at similar model/age/condition bikes for sale on the usual places and offer based on that. (When my multi was written off it was valued more than it was insured for and what I paid for it). During this process it’s a good idea to collect your own list in case they offer you a low amount and you can go back with market values of what it will cost you to replace the bike, like for like. Once the deal is done they will sell it on through to someone like copart who will auction it off as salvage or strip and sell for parts but I think they usually go down the former rather than latter.
Thank you for everyone's comments. I had the bike collected, and taken to a Ducati garage for an assessment. To look at, there wasn't any obvious damage! I was expecting a bill for a few hundred. It looked like the guy was using a pair of bolt-cutters to lever 'something'. Ducati say that the frame is out of shape/twisted, the tank is damaged, as is the steering column/block, where the steering dead bolt goes... everything else is in perfect condition. Approximate prices for those three parts is £1500 each... the other £4k is for labour. Estimated to take 35 hours to strip and rebuild, incorporating the new parts. (I think it's crazy that it costs more to strip, and rebuild a bike than it cost to make it new in the first place... it only needs three parts. Shows how much labour contributes!) I think I'll see what the insurance company offer. I've checked online, and similar models (all old than mine) are approximately £7250-£7500... If I get near that, it won't be "so" bad.
