Everything You Need to Know About Salvage Bike Auction!
Salvage bike auctions offer a unique opportunity for motorcycle enthusiasts, collectors, and budget-conscious riders to acquire bikes at significantly reduced prices. These auctions feature motorcycles that have been damaged, often due to accidents, natural disasters, or theft recoveries, and are sold as-is by insurance companies, dealerships, or individual sellers. Understanding the intricacies of salvage bike auctions can help you make informed decisions and potentially find a great deal. Here is everything you need to know about salvage bike auctions. What are Salvage Bikes? Salvage bikes are motorcycles that have been declared a total loss by insurance companies. This usually happens when the cost of repairing the damage exceeds a certain percentage of the bike’s value, often around 75% to 80%. These bikes can have various types of damage, including: Collision Damage: Resulting from accidents and crashes. Flood Damage: Caused by water submersion or exposure. Fire Damage: Result...