Salvage 1299

cristhian702 said:

I'm on the other side of the fence.

1) Resale/value on Panigales are an afterthought. Salvage or clean your going to get hit no matter what the title says. I've seen guys beat the snot out of superbikes with "clean titles" Plus how many guys on here have dumped their bikes and repair them without insurance claims?

2) If the bike has been inspected by two Ducati dealers and everything checks out then you should have nothing to worry about. Take it to a tech of your choice if you want another opinion. This is what I like about this "frame" design, everything is replaceable.

3) You say the bike has been modified to your level of satisfaction. This will save you the headache of sourcing and fitting parts/labor costs. You need to see exactly what is on the bike to get a better idea how much was dumped into it. More importantly you need to see the condition of these parts. If they were bought all new or second hand.

I say if you are comfortable with knowing that you're not going to be selling the bike at a good price but everything checks out, then go for it. Your bartering point will be on the aftermarket parts. Were they new or used. Were they on the bike before the "low-side" or did they replace the damaged parts.

I stiff baffles me how people brush these bikes based on title. Even after we all know that these bikes get salvaged for the simple fact that parts costs are insane!

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thanks a good point. He says he is willing to pay for a pre purchase inspection at AMS Ducati in Dallas, so that does give me some more comfort in knowing its good to go.

carlito said:

thanks a good point. He says he is willing to pay for a pre purchase inspection at AMS Ducati in Dallas, so that does give me some more comfort in knowing its good to go.

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I believe that I know this bike and if I am correct, it is owned by a formerly active member of the forum. I saw it while out riding one day and pulled over to meet the owner.

There have already been plenty of comments made, so I will only say this... if AMS Ducati has had a hand in maintaining it and can vouch for its condition, then I would think about the previous comment regarding the value of the installed upgrades and how they align with your own interests.

If the bike has been fitted with items that you are interested in yourself, then consider negotiating with him while taking into account what has already been pointed out. If you cannot reach an agreement where you both feel comfortable, then shake hands and walk away.

Sinjin said:

I believe that I know this bike and if I am correct, it is owned by a formerly active member of the forum. I saw it while out riding one day and pulled over to meet the owner.

There have already been plenty of comments made, so I will only say this... if AMS Ducati has had a hand in maintaining it and can vouch for its condition, then I would think about the previous comment regarding the value of the installed upgrades and how they align with your own interests.

If the bike has been fitted with items that you are interested in yourself, then consider negotiating with him while taking into account what has already been pointed out. If you cannot reach an agreement where you both feel comfortable, then shake hands and walk away.

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as awesome as the upgrades and mods are, just bc a reputable dealer like AMS had a hand in maintaining and installing those mods, it still doesn't absolve the fact that the bike still has a salvage title, which would 100% negatively affect the value and the resaleability of the bike, should the new owner choose to resell it in the future

There is no resale value on these bikes! Clean/salvage it doesn't matter at this point. They make too many and if someone is looking for a track bike/weekend toy this bike would be perfect for that person. Almost all the mods are done and it passed inspection. The only person that will know the difference is the state and the owner.

1) Find the value of the stock bike with the salvage title.
2) Assess the value of the aftermarket parts
3) Negotiate

cristhian702 said:

There is no resale value on these bikes! Clean/salvage it doesn't matter at this point. They make too many and if someone is looking for a track bike/weekend toy this bike would be perfect for that person. Almost all the mods are done and it passed inspection. The only person that will know the difference is the state and the owner.

1) Find the value of the stock bike with the salvage title.
2) Assess the value of the aftermarket parts
3) Negotiate

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I am not sure if that is hyperbole but these bikes do have resale value, just not great value.

When you loose 5-10k within a year on a 20-30k bike I would say the resale value is ..... I bought mine knowing all too well this was a money pit situation and then still modified. The people that benefit and actually get some resale value are the ones that bought them second/third hand. They rarely get hit with depreciation and as long as maintenance is documented they won't loose a big chunk. Just look at some 1198 and evos 8-12k asking/buying prices all day.

I figure the depreciation numbers are about right for a new vehicle.

My wife's car was $51k out the door when purchased new last year. It's worth around $42k today. It's depreciating around the same rate as my 1299. News flash....new vehicles take a big hit as soon as you drive them off the lot regardless of brand.

timwu12 said:

as awesome as the upgrades and mods are, just bc a reputable dealer like AMS had a hand in maintaining and installing those mods, it still doesn't absolve the fact that the bike still has a salvage title, which would 100% negatively affect the value and the resaleability of the bike, should the new owner choose to resell it in the future

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Well, the person selling it bought it and so it still has some residual value regardless of the status of the title - 100%? There are plenty of salvage vehicles for sale that go for a reasonable amount due to residual overall value. It is not uncommon for insurance companies to total a bike with damaged fairings to avoid the inflated replacement cost of the parts.

Also, I did suggest that the previous comments be a consideration when negotiating a price, so I am not completely discounting the history of the bike.

Ultimately, it will come down to how desirable the bike is in its current state and the convenience of having the work already done compared to the resale potential of the next owner.

This isn't a car. You can't compare. I can argue that a LaFerrari/P1/918 are going for 2-3 times their MSRP. They are high end cars just like the Panigale is considered a high end bike. So why is it depreciating unlike the exotic cars I mentioned? Bottom line is this bike he's trying to purchase already took the hit of depreciation and more due to the title. The owner is now negotiating on aftermarket parts and labor at this point. No matter what the owner does that bikes STOCK value is screwed.

cristhian702 said:

This isn't a car. You can't compare. I can argue that a LaFerrari/P1/918 are going for 2-3 times their MSRP. They are high end cars just like the Panigale is considered a high end bike. So why is it depreciating unlike the exotic cars I mentioned? Bottom line is this bike he's trying to purchase already took the hit of depreciation and more due to the title. The owner is now negotiating on aftermarket parts and labor at this point. No matter what the owner does that bikes STOCK value is screwed.

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Because contrary to popular belief, there is nothing special about our bikes. To put these in the same league as exotic cars is ridiculous. Panigale's were mass produced and any 21 y/o with a 600 FICO score, who can afford a $300-$400 a month payment can own one.

You're saying the bike in question isn't worth $21k and I never disagreed with that.

So why would compare it a to a vehicle that is produced worldwide with an even greater market and crappier resale potential? My example is of what factories "portray", Ducati (high end), Porsche/Ferrari/McLaren (high end). Your 50k car example is more like buying a scrambler (higher build numbers) and bitching about resale value. That the bikes are nothing special is not an opinion we all express.

You hit the nail on the head with what is required to purchase a Pani. This is also happening in the sport and luxury car market right now. Used prices are dropping and the second and third parties are the ones benefiting. In this case the purchaser has a chance of getting a good bike for a good price title be damned.

Go back and read my post. I compared them because percentage wise they depreciated the same amount over a year.

I'm sorry if you feel like the factory tricked you into buying this super special, high end, luxury bike that shouldn't have taken as big of a hit.

I consider the SL and D16's special and if you'll look, they depreciate at a much slower rate than the models readily available off the floor.

Never said I did. This bike is a money pit. I knew that the day I purchased it. I actually stated that in my earlier posts. Go figure

Gentlemen,

I'm the crack smokin', snake oil salesman selling my bike! I honestly appreciate the negative feedback -- helps me know where I stand on it..

...bit more fun reading while you're all on the toilet...

The low side happened from the original owner, a former Ducati race team mechanic, living in Daytona Beach. I don't know about you, but if a Ducati mechanic low-sides a brand new bike on his first track day, that qualifies as "freak" to me ALL DAY!

---> He low-sided the thing, insurance declared it totaled, he got the check, bought the bike back from the insurance company (which is fairly common, I guess?), fixed it up, and decided to sell and move onto a Diavel.

"OEM mags" -- yep, you caught me, I was wronggggg as hell! I thought the S had mags and standard had Alum. I believe I updated the listing appropriately.

"no harsh track time".... since I've owned it. I go on to say that I've only ridden it to work and around some of our twisty Texas backroads on the weekends.

I thought $21k was fair, but I'm clearly over-shooting here -- This bike has nearly $20k in extras dumped into after parts/labor. Too damn much! lol

Worst case, I keep it and continue to love it..

Best case, I sell it(and a couple other bikes) so my wife doesn't kill me!

Ahh.. and if anyone decides to do business with Carlito, I also feel he's been a stand up guy!

Question: If I parted it out back to stock, what could a rebuilt title, stock 1299 S fetch? $11k?

Question: At what point can you trust a rebuilt title bike? AMS Ducati in Dallas has had this thing on their lifts for probably a solid month this year through various upgrades and maintenance. The bike has no issues whatsoever according to them. If you can't trust a top dealer's word, who can you ever trust?

Last year I bought a year old, clean titled SUV for my wife... ended up needing $2k in repairs the day we got it due to leaks all over the place...but it was a clean title, right?

Return it to stock, list it for $11k and I'll come running with a bank check. I don't need another track bike but that's what I would do with it.

I have no idea what it would be worth but I think you're selling yourself short at $11k.

Rogue said:

Return it to stock, list it for $11k and I'll come running with a bank check. I don't need another track bike but that's what I would do with it.

I have no idea what it would be worth but I think you're selling yourself short at $11k.

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My $11k estimate was my on-purpose, gross underestimation based on the massive amount of mud slung at my rebuilt title'd ride.

I'd take $13 for it bone stock and part the rest.... but obviously prefer to leave it together for the new owner at $19-20k



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The only problem with a proper bike that has a salvage title is when you (or the next owner) get involved in an accident and the insurance won't pony up because it's a salvage...

Carlito, If you do end up with some kind of bike, let me know. I live an hour northwest of you in Wichita Falls. It gets kind of lonely being the only desmo rider around these parts.

carlito said:

Hi guys,

I am new to the site and Ducati motorcycles, but I've been riding for about 15 years. I found a 1299 that is salvage rebuilt and i have been working with the seller for a week or so now. He seems like a very stand up individual, and I don't think there is anything suspicious about the deal whatsoever. I have asked my close friends, but I am curious as to what current owners would say about the bike and this deal if I could pick it up for considerably less than asking price.

here is the posting: https://dallas.craigslist.org/ndf/mcy/5847952640.html

please let me know your thoughts! I would like to make this guy an offer soon or move on to another deal. thanks in advance!

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Trust no one when it comes to money: a lot of stand up individuals have robbed and conned thousands of $$$ out of lonely women and elderly people.

Alpha Male said:

Trust no one when it comes to money: a lot of stand up individuals have robbed and conned thousands of $$$ out of lonely women and elderly people.

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Have you actually read through this thread or just responding to the first post?