A guy I work with dropped his '07 Ninja ZX-6r. Dinged it up pretty good, cracked fairings, snapped clipon, etc. Anyway, the clipon banged into the frame, leaving a tiny dent in it, and the insurance company totalled the bike but let him keep it. They gave him $5k, he paid the $3k he owes and dropped it off to get it fixed up for $1500.
Anyway, he says he wants to get rid of it and get a bigger bike. He originally said $2k, and I guess I got a little excited when I said "Take cash now?" and now he's saying $3k, cause $2k is too cheap.
Just for the record, he's a total squid, first bike ever, dropped it in his driveway. He's shaved the mirrors, FE kit, squid this, squid that, enjoys the "freedom of sandals and a t-shirt on the highway..." (Not making this up, and I didn't goad him into saying it, he just offered )
So, the question is this, is 3k worth it for a salvaged title ZX-6r? Bike barely has 2000 miles on it and was ridden by a squid who can't do wheelies or anything. I'm thinking maybe $2.5, I'm just trying to get opinions. I figure I'd just ride this bike into the ground, and try and teach the wife how to ride it. Daily commuter, maybe some knobbies like Spooph put on his 250r. Probably make an awesome track bike, I just have no idea what a salvaged title bike is actually worth, or if I can even get the thing insured for street riding.
For the record, the title he has doesn't say Salvaged or whatever. He just got it back from the bank and hasn't done anything with it yet.
CliffNotes:
Salvaged '07 ZX-6r, completely fixed up, 2000 miles, worth $3k? Can it be insured for street riding?