Shafted by State Insurance.

[kave]

I believe that state insurance have given my bike an unfairley low valuation, if I accept it I will only be getting paid $1250 for it (after my excess is taken into account). What would be the best (ie most expensive) bike shop in auckland to get a valuation from? Has to be a registered dealer, and preferably valuation needs to be provided on a letterhead. Please help, if I cant get more than that I will be catching the bus.

[Cajun]

You are best to get vaulations from 2-3 dealers.

So in turn they will work out an average between these prices.

[Sniper]

You are best to get vaulations from 2-3 dealers.

Exactly. No point having 1 estimate when you can get three and produce the most expensive

S

[kave]

Will try to get a quote from as many dealers as possible, thanks for the advice.

[imdying]

Realistically, that's what an SRX250 is worth.. before you excess even.

[kave]

Realistically, that's what an SRX250 is worth.. before you excess even.

I dont believe thats right, especially not for the 1990 (3wp) model, especially one in great condition with only 30k on the clock. If anyone can find a 1990 single cylinder 250cc bike with those k's from a dealer for a similar price I would be amazed (and I would shut up and accept the amount).

[Podo]

Another way to approach it is to ask the insurance company to replace the bike with a similar machine, that way there is no argument.

[Macktheknife]

Realistically, that's what an SRX250 is worth.. before you excess even.

Sorry mate but can't agree, market says 250's are worth heaps if they are in reasonable condition with average mileage.
Go to Boyd Honda, or any other Honda dealer and ask them to provide a valuation for you.
Good luck.

[Black Bandit]

Sorry mate but can't agree, market says 250's are worth heaps if they are in reasonable condition with average mileage.
Go to Boyd Honda, or any other Honda dealer and ask them to provide a valuation for you.
Good luck.

True that! Saw a mint ZXR250 (14000km) at a dealer for $8500
It looked like a USA import.

[kro]

The ole SRX is a sweet little bike, and they handle pretty good for their age, I'd pay more than 1250 for it, and I think I know the bike market pretty well.

[FROSTY:Me]

Dude -just simply dont accept their offer.Argue the toss with them.
Go in armed with FACTS though.

[Deviant Esq]

True that! Saw a mint ZXR250 (14000km) at a dealer for $8500

Holy shit. Yeah yeah, near 20 year old 250s are inflated in the New Zealand market because people will pay for them, blah blah blah, but an asking price like that is absolutely ridiculous. Imagine paying that kind of money for something like a Honda Civic, even a well looked after one, from that kind of era? You just wouldn't consider it, and the car was worth considerably more as new. You could get a near new SV650 for that kind of money.

250s are worth more in NZ because of our licensing laws, and that's fine. But the stupid profits bike dealers can gouge from learners upon importing a used 250cc sportsbike is unbelievable.

Having said that, simply because this is New Zealand, your SRX should be worth a higher payout than that, even taking your excess into account. What is your excess?

[Swoop]

State...

[imdying]

4 cyl 250s might be worth more... the SRX is in the GN250 market, and 1990 is 17 years old now. Hell I paid less than that for my SRX250 11 years ago. Who was selling that gold n black ZXR250 for $3500?

[shafty]

Chat up the Dealers - who would be keen to sell you the replacement bike. MAybe check by doing a search on Trade ME and Bikepoint.co.nz - see if the average supports you. What about where you had the bike serviced?

Good luck.