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New, Used or, Rebuild?

1516 Views 11 Replies 5 Participants Last post by  MikeD5172
Here is my present situation. My 2002 620ie Dark (4100 miles) was recently knocked over while parked by a careless driver who was nice enough to leave a note with their name and phone number. Bottom line the bike has been "totalled" and I have the following options.

(1) Take the money and run. $4900 check from the insurance company and never see my bike again. Find a used monster or (can I say this here?) a 600cc cratch rocket. CBR or R6.

(2) Buy my baby back from the insurance company for $2000 and have $2900 left over to repair the dented tank, buy new (ie aftermarket) pipes, a clutch lever and the other odds and ends to make her funtional and pretty again. Maybe with some cash left over? I can do all the part replacing but will nead to have the tank fixed professionally (approx $500 or so?)

(3) Same as option two but bring it back to stock, sell it, and buy something used. (as in option 1). Maybe end up a little more on top then option 1.

(4) The dealer who did the estimate wants my bike and $2900 for a new 2003 620 Dark. Basically I would end up with no cash but a brand new bike.

Tell me what you all think, I'm presently leaning towards the "new" option, but with $2900 and a little wrenching I think I could end up with a pretty sweet little 620. I'm open to any other ideas anyone comes up with and in the back of my mind I would like something a little quicker then the 620. Thanks so much for your input. Cheers.

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Man, tough choices! I agree that in the long run with the potential to ever sell or trade the bike you would probably do best to opt for the new bike deal. If you were planning to seriously mod out the bike anyway, then maybe buying the bike back would be better and having the leftover cash to play with. Or if you think you will itch for something a little bigger someday soon, take the cash settlement and start shopping for it.

I'd say the new bike or the cash payoff are tied as the two best options - but that's really a subjective opinion on my part.
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