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Old 18-11-08, 05:40 PM   #1
FG1
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Default Buy back after write off

Just wondering what sort of prices people have bought their bikes back off the insurance companies for after write off.
Just curious as I think mine could be written off and I would like to get a feel of what it might cost to buy back.
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Old 18-11-08, 06:16 PM   #2
kwak zzr
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Default Re: Buy back after write off

depends how bad a write off it is, usually between 500 - 1000 for a cat c bike.
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Old 18-11-08, 07:33 PM   #3
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Default Re: Buy back after write off

Got £3200 payout for my 06 SV, then buying back for just under £600 - oh and I also got another grand from the GAP insurance

Oh and waiting to get my excess/replacement lid back too
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Old 18-11-08, 07:35 PM   #4
stevie
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Default Re: Buy back after write off

Sounds about right, after I binned mine the Insurance said I could buy my cat C bike back for £900. But I couldn't source any of the parts second hand so it would of cost nearly two grand to buy new bits, also the hassle of having to take it to a vehicle inspector to have it approved (and to pay around £90 for the privilege). And don't forget that the bike will always show up on the Insurance data base as a cat C write off, which will also affect its resale value. So I just got the money and put it towards my new bike.
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Old 18-11-08, 07:55 PM   #5
Becks
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Default Re: Buy back after write off

The other half bought his bike back years ago for £400, it was a wreck mind.
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Old 18-11-08, 08:48 PM   #6
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Default Re: Buy back after write off

I got my CAT C SV back for the grand sum of ...

£0

It is almost back on the road (awaiting V5 arrival so it can be taxed, few other minor issue to sort), cost about £400 to fix (might be more if I sort out cosmetics - major costs were straightening front wheel, new clocks (not essential but made life easier), new headlamp and clamps, 2nd hand subframe + plastics, 2nd hand pillion footpegs, new levers and new indicators at front).

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Old 02-12-08, 04:16 PM   #7
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Default Re: Buy back after write off

UPDATE - funnily enough they have decided to write it off.
Repair cost is £2350. They have offered me £3000 less xs of £200.
If I want to buy it back they want £1300 so that looks unlikely.
I have refused the initial offer due to it having extras on and being in absolutely fantastic condition.
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Old 02-12-08, 04:26 PM   #8
Lozzo
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Default Re: Buy back after write off

Quote:
Originally Posted by FG1 View Post
UPDATE - funnily enough they have decided to write it off.
Repair cost is £2350. They have offered me £3000 less xs of £200.
If I want to buy it back they want £1300 so that looks unlikely.
I have refused the initial offer due to it having extras on and being in absolutely fantastic condition.
Good for you, stick it out, or take the extras off and put it back to standard (if the extras are still in good nick)
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Old 02-12-08, 05:09 PM   #9
kwak zzr
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Default Re: Buy back after write off

£1300 ffs! offer them £500
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Old 02-12-08, 05:35 PM   #10
FG1
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Default Re: Buy back after write off

Is the buy back price negotiable then ???
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