Buying a wrecked F650GS or F800GS

Discussion in 'Parallel Universe' started by diegoteck, Oct 25, 2012.

  1. diegoteck

    diegoteck Adventurer

    Joined:
    Oct 25, 2012
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    70
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    Salt Lake City, UT
    For now I'm stocking up on some parts that may come handy, I found a 2012 engine for F650gs with no miles and a speedo. I'll keep you guys updated.

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    #21
  2. diegoteck

    diegoteck Adventurer

    Joined:
    Oct 25, 2012
    Oddometer:
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    Location:
    Salt Lake City, UT
    After searching all insurance auctions for the last two months or so my hard work paid off, I finally was able to get what it think is a great deal!!!
    Got me a 2010 F800GS salvage title from an insurance company for little over 5k.
    For the insurance company this bike had a value of $12,000 and a estimate repair cost of $10,967.
    It was described as "Run and drive".
    I didn't receive the bike yet, but I definnetly don't think I'll spend much money to have it ready. Fingers crossed

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    #22
  3. LukasM

    LukasM Long timer

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    Nice find there man! That could really turn out to be a great deal, seat, side panel, windshield and you are ready to go! Provided it actually runs and nothing is bent.... :wink:
    #23
  4. divimon2000

    divimon2000 Been here awhile

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    Way to go!

    I did it and it was well worth it. Need to be patient for parts to come up used.
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    #24
  5. diegoteck

    diegoteck Adventurer

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    Salt Lake City, UT
    Nice work,
    I'm in no hurry, besides winter in Utah is no the best for riding, I have time to search for my parts.
    I arranged shipping today, may be getting the bike in about 2 weeks, for now I just need to worry about making some room in my garage.

    #25
  6. diegoteck

    diegoteck Adventurer

    Joined:
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    Oddometer:
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    Salt Lake City, UT
    Finally got my bike, and it looks great, I was surprise it came with the seat, also there was more damage in a couple of areas I didn't notice pictures from the auction.
    I was also able to talk to the dealer that serviced the bike, they are sending me all records, good thing is that the bike was regularly serviced up to the 18000 miles, now it has 24000 and I'm due for a valve adjustment.
    They were the ones to write the estimate that the insurance company used to "total" the bike, they listed "every part it had a scratch on" (quoted from dealer), from foot pegs to mirrors and they came up with a $12k repair bill.

    I made a list of all the parts I need to fix the bike, I also had some really good finds on eBay and here

    Side fairing $215 - advrider
    muffler oem $81 - ebay
    stock seat $ 75 - ebay
    mirrors $31 - ebay
    bmw touring windscreen and touartech dash - $252 ebay
    heated grip $121 - dealer
    front wheel cover $57 - dealer
    side marker $12 - dealer
    air duct - $49 - dealer
    all bolts and nuts $ 180 dealer
    A weekend of fun working on the bike - PRICELESS

    Total $1073


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    #26
  7. diegoteck

    diegoteck Adventurer

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    Ok, I got around to finish the project bike and boy I'm happy! I was able to do a section of the UTBDR a few weekends ago and I'm looking forward to have more fun with this amazing machine.


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    Here is the video of my first trip, probably too long and also in Spanish, but the pictures and scenery are worth it. Min 11:20 is the best.

    http://www.youtube.com/watch?v=PPB8YhSHnJQ&sns=em
    #27
  8. SchillerM

    SchillerM Been here awhile

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    Looks good! Funny how they will total a bike for some minor things, yet my car with a KBB value of $14k wasn't total'd, they spent $17k fixing it... Thanks guys!

    I should probably get my K100RS back on the road before I even look at getting another project :D

    Enjoy your machine

    Matt
    #28
  9. Loutre

    Loutre Cosmopolitan Adv

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    amazing! 6 months later you have a new bike! how many miles does it have?
    #29
  10. diegoteck

    diegoteck Adventurer

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    Hahah, it didn't take me that long, Actually once I got all my parts of eBay and the flea market, it took me a few hours to put it tougher.
    The bike has 25k miles, that is the only thing I'm not too happy about, since the battery was disconnected, the dash didn't show the miles on the auction pictures, so I bid on it not knowing he miles, I just assumed since there were not upgrades on the bike, like luggage rack or panniers it wasn't ridden too much. But well the previous owner did ride it a bit.
    A good thing was that since the bike came from Tucson I was able to find the dealers that sold and serviced the bike since new and. All services were up to date.
    #30
  11. kumatae

    kumatae Been here awhile

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    My father in law is also works in the insurance industry and was wondering what you used to purchase your salvaged vehicle? I'm very interested in doing something similar as well, not to flip for money but to ride for myself.
    #31
  12. diegoteck

    diegoteck Adventurer

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    Salt Lake City, UT
    Here are some of the details from my experience buying at Copart insurance auction

    www.copart.com
    Copart has contracts with many insurance companies to sell their vehicles after they paid them off to the insureds.
    It is mostly for dealers only, but they have many locations where they don't require a dealer license to buy.
    I got a broker to buy mine at the AZ location.
    http://www.copart.com/us/Services/Brokers#
    I used ADVANCE MOTORS LLC from the brokers list, it was really easy.
    They ask for a 10% deposit of the purchase value to activate the account.
    IUf you are looking at buying a bike for around $5,000 they'll run your card for $500 and email you a user and password for copart with a purchase limit of $5000
    You bid and get your bike, then they send an invoice with their fee, about $200 +auction fees from Copart + purchase price - your deposit . Be careful with the auction fees, they do add up.
    Bank transfer the money, they pay copart and your bike is ready for pick up. I arranged U-Ship and got the bike from AZ to UT for $300.

    One thing I didn't do was call the bike's local dealer to find our service records information about the bike you are buying.
    If I remember right in my case there were only two BMW dealers in the area to call, I gave them the VIN and they send me all the info by fax. this was actually after bidding on the bike, if I was to do it before hand I'd know how many miles the bike had.

    I hope this helps.
    #32
  13. diegoteck

    diegoteck Adventurer

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    #33
  14. lacofdfireman

    lacofdfireman Been here awhile

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    Gonna have to look into CoPart. Was this your first experience buying from them? Do they allow you to visit there locations and look at the vehicles? Start and drive them?
    #34
  15. diegoteck

    diegoteck Adventurer

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    It was my first experience. with copart. I know in some states they let the public in but here you need to have a dealers license, but since they don't ever have a great selection of bikes in Utah I didn't do much research.
    I wonder how it work when you are bidding under a dealer license like I did, if they would also let you go in and inspect the vehicles. Worth asking the broker dealers for sure.
    #35