Hey all I'm new on the forums but i have to ask a question. I've always rode yamahas r6 or r1 lately but I have the chance to buy a 2005 rc51 with 7000 miles for $3500. I know it sounds like a great deal and all but it is a salvage title, I do know the owner and he rebuilt and took care of the bike very well. Do you guys think this is still a good deal?
Its a salvage title from a wreck, I saw the bike before it was rebuilt and nothing major was damaged. He's had it for 3-4 yrs since with no problems. The more research I do into these bikes though the more i am liking it.
It takes so little damage for a bike to be "totaled" resulting in a salvage title. My GSXR750 was knocked over in a parking lot and dragged, breaking off a foot peg, clip-on, body work. I bought it with a salvage title, fixed it and bought some Chinese fairings, then converted it to track.
If the bike checks out, and you understand the title will affect your future sale of the thing, then it's a great deal. The fact that you know your neighbor, and history of the bike is worth something. The title is just a piece of paper that has no bearing on the bike - till you go to sell it. If the bike really checks out, go for it. It only takes about 5 or 6 grand in damage to render it a total. It's very easy to reach that figure when you pay full retail for brand new parts and OEM stuff-like an insurance company would have to.