Insurance write off - some help?

[danchop]

i was at turners auctions when this bike came up,it was sold with current live plates(some are some arent),think it went in the low $3000

[mikemike104]

if it wasn't de registered then technically it wasn't a "write off" just not economical for insurance company to repair

Agreed............................................ ........................................

[ducatilover]

I do remember there being a few odd problems regarding this seller.

[24xtreme]

Ok i get the idea now. Cheers for the help all.

[DMNTD:Me]

What does total loss mean in regards to insurance?

It's a Trade term for you lost it and needed to claim insurance

Nah, I wouldn't stress dude. Just carry on with it all and be grateful you're ok

[24xtreme]

Cheers im all good. It was a wakeup call though.

I am loving the sellers information. Most of it is incorrect

[danchop]

i dont know but does this guy ever make any money on these bikes,he pays the earth at the auctions for them,like i said the rs125 here went for low $3000 plus turners buyers premium,plus shipping it to auckland,mucking around etc....
the kwacka hes got listed he paid around $7000 plus buyers premium too

[tjk_1206]

i dont know but does this guy ever make any money on these bikes,he pays the earth at the auctions for them,like i said the rs125 here went for low $3000 plus turners buyers premium,plus shipping it to auckland,mucking around etc....
the kwacka hes got listed he paid around $7000 plus buyers premium too

he paid 6K + fee for the zx6r, the bikes a 2007 i hope the people bidding on it realise its not a 2009. I dont no why he does it, i think overall he would probably just break even, he lost $1500 on the zx636 last week, you definitly want to view anything he sells, that 636 had a broken frame mount which he didnt mention and photo`d on a downward angle so you couldnt see it clearly, only when someone hit him up he mentioned it. he must have the biggest blacklist on all of trademe!

[Hans]

The man's about as crooked as it gets. I've seen/ridden a few of the bikes he's bought and there's no mistaking it. He outright lies and deceives. I wonder how much effort would be needed to take this cretin out of circulation...

[24xtreme]

haha yeh

well that rs125 is actually an 08 bike, not 2010.

[tjk_1206]

he made close to 2K on the zx6r and prilla, lost 300ish on comet (with last weeks 1500 loss back to even ). i think it really comes down to a whole lot more idiots on trademe than at turners for no reserve auctions. I sold a zx6r same model 6 months ago for $500 more undamaged with rego. think people just get carried away when a bidding war begins!!

[hellokitty]

he made close to 2K on the zx6r and prilla, lost 300ish on comet (with last weeks 1500 loss back to even ). i think it really comes down to a whole lot more idiots on trademe than at turners for no reserve auctions. I sold a zx6r same model 6 months ago for $500 more undamaged with rego. think people just get carried away when a bidding war begins!!

what comet was that?
My boss has a comet and he did a carjam report on it prior to listing it for sale last month, only to find out that Turners de-registered it last march and claimed it was a write-off. Funny thing is that he has been riding it for the last year and it is definitely not a write-off.....

[danchop]

he made close to 2K on the zx6r and prilla, lost 300ish on comet (with last weeks 1500 loss back to even ). i think it really comes down to a whole lot more idiots on trademe than at turners for no reserve auctions. I sold a zx6r same model 6 months ago for $500 more undamaged with rego. think people just get carried away when a bidding war begins!!

dont think he would have made that much,the buyers premiums were $305 each bike,he had to get that prilla up from wellington,trademe costs around $80 each bike,gst,his overheads,time...stuff all really,i was with a guy bidding on the kwacka cant remember for sure but i thought it was over the $6000 mark

[CHOPPA]

I dont know what your all worried about. It was financially better for the insurance company to replace the bike instead of fix it. The bike is worth more for them to sell and recover the money lost when you crashed it registered and its better to the buyer.

This trader did nothing wrong except help every one out in the long run creating a market for the bikes you crash so insurance companys loose the least amount of money so you can actually get insurance, people like me can score bargain road bikes with piss all wrong with them or great race bikes

I really dont see the any problem here?

[jasonzc]

I dont know what your all worried about. It was financially better for the insurance company to replace the bike instead of fix it. The bike is worth more for them to sell and recover the money lost when you crashed it registered and its better to the buyer.

This trader did nothing wrong except help every one out in the long run creating a market for the bikes you crash so insurance companys loose the least amount of money so you can actually get insurance, people like me can score bargain road bikes with piss all wrong with them or great race bikes

I really dont see the any problem here?

I dont think the problems lie with the insurance concept...

More about how the cars on demand guys seems to be a total fraud on re-tard me.