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Old 09-15-2006, 08:20 PM   #21
new750
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Re: How much is my totaled bike worth?

well i got the call today. they have a check for me. its a little over 9 grand. i only paid 9200 for the bike so i'm taking it. i asked if i could keep the bike, but the guy said since it was worth more than 1500 dollars i'd have to buy it from the salvage yard. not too bad. i just got to heal a little more, physically and mentally then i'll get another one.
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Old 09-30-2006, 04:14 PM   #22
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Punctual
No frame sliders? :[
nope they were not any sliders available when i crashed. I got the bike right when it came out and it was totaled 27 days after that and at that time I had not found any companies that had made them yet.
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Old 09-30-2006, 04:15 PM   #23
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Amer
That R6 dousn't look bad at all.
thats exactly what i thought. after they put it on paper though i saw how many little parts that i had actually fucked up and since it was brand new every little thing that even got a minor scratch had to be replaced. I figured i'd be getting it fixed but they totaled it out and it wasn't worth me keeping it.
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Old 06-03-2013, 11:59 AM   #24
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Re: How much is my totaled bike worth?

Hey guyz i have 07 gixxer 750 bought for 8K + $500 for a year warranty from dealer. so total i paid 8.5K for it. After two weeks of my ride i went off the road on a blind curve and laid down the bike on right side breaking the fairings and scratch on engine, some brake paddle bent and front brake jammed. this was just by looks. no issues in starting the bike but couldnt move it as front brake jammed.

Anyways long story short, the dealer called me and said the estimate is 11.5 K so insurance is probably gonna totaled it. I haven't got call from the agent but not sure what to do. this was my first bike and i put 2.5K down and rest 6K financed. Any idea what could be the financial blow on my face. ???
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Old 06-03-2013, 12:02 PM   #25
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Naphstor View Post
Hey guyz i have 07 gixxer 750 bought for 8K + $500 for a year warranty from dealer. so total i paid 8.5K for it. After two weeks of my ride i went off the road on a blind curve and laid down the bike on right side breaking the fairings and scratch on engine, some brake paddle bent and front brake jammed. this was just by looks. no issues in starting the bike but couldnt move it as front brake jammed.

Anyways long story short, the dealer called me and said the estimate is 11.5 K so insurance is probably gonna totaled it. I haven't got call from the agent but not sure what to do. this was my first bike and i put 2.5K down and rest 6K financed. Any idea what could be the financial blow on my face. ???
You revive a 7 year old thread to tell this? Why not just start a new thread? $11.5k to repair it? That doesn't seem right based on what you described.
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Old 06-03-2013, 12:28 PM   #26
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Naphstor View Post
Hey guyz i have 07 gixxer 750 bought for 8K + $500 for a year warranty from dealer. so total i paid 8.5K for it. After two weeks of my ride i went off the road on a blind curve and laid down the bike on right side breaking the fairings and scratch on engine, some brake paddle bent and front brake jammed. this was just by looks. no issues in starting the bike but couldnt move it as front brake jammed.

Anyways long story short, the dealer called me and said the estimate is 11.5 K so insurance is probably gonna totaled it. I haven't got call from the agent but not sure what to do. this was my first bike and i put 2.5K down and rest 6K financed. Any idea what could be the financial blow on my face. ???
...and this is why we always recommend against sport bikes for new riders... You could have bought a $1500 Ninja 250, paid cash, been able to afford insurance and would have been less likely to crash
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Old 06-03-2013, 12:30 PM   #27
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Re: How much is my totaled bike worth?

More importantly, you paid $8,000 for a 2007 GSXR750? Whoa.
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Old 06-03-2013, 08:57 PM   #28
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Punctual View Post
No frame sliders? :[
Wow, is this a new record for reviving a dead thread? Almost 7 years.
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Old 06-08-2013, 07:52 PM   #29
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Re: How much is my totaled bike worth?

-Search-
Dammed if you do...Dammed if you don't.
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Old 06-09-2013, 05:32 AM   #30
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Insured GSXR View Post
More importantly, you paid $8,000 for a 2007 GSXR750? Whoa.

Hows yer asshole feel Naphstor? Dealer went in dry with an emery cloth condom

Last edited by oldgixxer; 06-09-2013 at 07:03 PM.
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Old 06-09-2013, 07:24 AM   #31
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Re: How much is my totaled bike worth?

holy fuck, $8,500 for a 7 year old bike? damn man, you got fucked.

but to answer your question, if you financed $6k, and don't have collision insurance, you will owe whatever you haven't paid off on the loan yet.

why not start a new thread, and put up some pics. unless you broke your frame in half i can't see it costing $11k to fix it.
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Old 06-09-2013, 08:26 AM   #32
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by oldgixxer View Post

Hows yer asshole feel Naphstor? Dealer went in dry with an emery cloth condom

You DO realize this thread is from 06 right?

Last edited by oldgixxer; 06-09-2013 at 07:03 PM.
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Old 06-09-2013, 11:30 AM   #33
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Re: How much is my totaled bike worth?

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Originally Posted by 1/4milecrazy View Post
You DO realize this thread is from 06 right?
Pay attention Rich, we are responding to post #24, which was made on the 3rd...
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Old 06-09-2013, 04:11 PM   #34
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Re: How much is my totaled bike worth?

Rich:
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Old 06-09-2013, 05:08 PM   #35
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by oldgixxer View Post
Rich:
You are the one that mentioned OP. I know Ant was replying to the other guy.
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Old 06-09-2013, 06:06 PM   #36
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Re: How much is my totaled bike worth?

You put $2500 down, but you didn't even get Gap Insurance?

You are still obligated to pay up the $6,000 = ALLLL over your face.
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Old 06-09-2013, 06:08 PM   #37
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Re: How much is my totaled bike worth?

I agree never go with the first offer.
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Old 06-09-2013, 07:02 PM   #38
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by 1/4milecrazy View Post
You are the one that mentioned OP. I know Ant was replying to the other guy.
Yes I posted OP by mistake,but I was replying to post #24....Gonna go back&fix that
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Old 06-09-2013, 07:11 PM   #39
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Re: How much is my totaled bike worth?

No matter how many times I tell people, "Unless you're putting over half the value of the collateral as a down payment, get GAP coverage." 3 out of 8 people I tell that to say "Pfft , I don't need that" Uh...ok.
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Old 06-09-2013, 07:19 PM   #40
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Re: How much is my totaled bike worth?

Quote:
Originally Posted by Chocolate_Rain View Post
You put $2500 down, but you didn't even get Gap Insurance?

You are still obligated to pay up the $6,000 = ALLLL over your face.
I was just having this conversation with salvage/auction guy with an adjuster standing there.

Gap insurance covers any deficiency between the loan value and the ACV of the bike. It would not help with the $2500 down payment.

Example:
Bought bike for $8500 with 2500 down and loan of $6000.
Crash it two weeks later and totaled.
Fair market value (ACV, actual cash value) is $5200 and the check from the insurance company is made out to the owner and the lender.
The owner now owes $800 more then he is paid (the deficiency, "the gap").
If he has gap insurance that will cover the $800 to the loan company.

Bank =

Owner =
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