
It is no secret that you can get a good amount in your local motorcycle salvage auction. If you're smart, quick and mechanically inclined, you should be able to have a diamond in the pile of rubble. Insurance companies tend to dump damaged motorcycles rather than repair, by that there are plenty of salvage bikes are driven into the auction houses. As with any sale Auction will have a good time if you apply some basic rules, but if no – it could be a disaster.
Whether you are new to the world of motorcycle salvage auctions or a veteran, making one of the following mistakes can cost a lot of money and ruin your shopping experience:
Mistake number one. Do not let your duties. I know. Once you thought you were out of school, not have to do the task again. But I promise, working to prevent losing your artificial turf an auction of motorcycle salvage. So before leaving, the search for the motorcycle you want to buy. Find the NADA value, the value of Millers Guide, or value of the Japanese motorcycle. Discover the damage. Check prices for replacement parts and paint.
Failure number two. Money Do not set a limit. It is easy enter the bidding frenzy and end up paying much more than the bike is worth it. Once you have completed your research, you must have a good idea of how much can spend on your motorcycle jacket. It is often tempting to bid on "Just One More Time" and "ok, just once more – until it has flown by track your budget on a motorcycle that still need repair.
Mistake number three. No preview. Before the auction starts, you will preview time of the motorcycle jacket. Sometimes there is the auction staff available to answer questions and start the engines. Sometimes, there will be. Just do best. Make sure you type the number and order of the auction. Check for visible damage. Here you can adjust your budget if necessary. If there is more damage originally thought to adjust downwards. Less damage? If you are going to cost less to fix, you may need to adjust limit your place to stay in place with the any offers.
The lack of number four. Do not listen to the auction house. An appraiser is required by law to say what is wrong with the item for sale. You must listen. During your research, you find acceptable the requirements of your state. His auctioneer must indicate if the bike is a title rescue, title or no title. He will tell you whether or not a key. (Not bad, if you want to actually start the bike.) Contains all the information you need to know, but not as quickly if not careful and take notes, you may end up paying for a great doorstop.
Without But if you can avoid these 4 common mistakes, if your task, set a deadline, auction items preview and listen to the house auctions, you put in a great advantage when bidding on her motorcycle jacket. Happy Bidding.
Dan Kitchel is an auctioneer and salvage motorcycle enthusiast. Check out the Salvage Motorcycle Blog for more information on how you can make money buying, fixing and selling salvage motorcycles.
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