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Big Profits Parting Out Sportbikes
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Big Profits Parting Out Sportbikes

This article will explain a little bit about making serious cash by parting out a crashed sportbike.

Sounds crazy, doesn't it. It also sounds a little too good to be true also. Uh-Oh. Red Flag. Scam Alert. This article should be banned immediately. Don't take my word for it. Try to keep n open mind and waste a little of your time and find out more. I dare you.

This practice has been going on for a long time. This is what the professional bike thieves used to do. They'd steal the bike, dismantle it and then part it out on ebay and craigslist. This still goes on today, but the thieves get caught all the time. Stolen bike victims look on craigslist and ebay and recognize their parts. Some of these thieves actually get caught.

There are HONEST people parting out crashed bikes and making a living at this. There are at least 3 ways you can tackle this side job. before you actually do this, you really should have some motorcycle knowledge. I know this works well with sportbikes, but I don't see why it wouldn't work for other types of motorcycles.

I crashed my bike and don't have insurance. What can I do?

Part it out. Surely every system on the bike isn't trashed. I mean if you can still walk around, the crash couldn't have been that bad. Do you own some metric tools? Can you turn a wrench? Can you clean the parts you want to sell? Do you have an inexpensive digital point n' shoot camera. A cell phone camera may do just fine. Have an ebay account? Member of any sportbike forums? Can you fog a mirror?

If you crash your sportbike and look at the OEM parts prices from the dealer on the parts fische, you will see how ridiculously high the prices are. Say you bought a brand new sportbike for $10,000 off the showroom floor. Say you overpaid by $2,000. Now try to put that same bike together by buying OEM replacement parts from the dealer part by part.

It's probably goiung to cost you $30,000 or maybe 40 grand because buying the parts from the dealer is so damn expensive. So what you do is offer your used parts on ebay for 40% of the retail price or best offer. The parts don't even have to be perfect. I sold a cracked front fairing to a rider in France for $150.00. he paid the shipping too. Ebay is world wide. Sportbike owners can't get parts at all in some countries. Some of these riders are desperate for parts.

Offer the parts on sportbike forums. Sometimes these parts get gobbled up before they even reach ebay. Craigslist maybe not the best place to part out the bike. Forums and ebay is where it's at my friend.

What about riders who have collision insurance?

Insurance companies almost always total a sportbike rather than fix it. Sportbikes are very fragile toys. It costs a lot to fix them so they look just like new again. The dealer estimates are so frigging high, the insurance company just totals the bike. Also if there is any kind of scratch on the sportbike frame, the bike is totaled. Tank dented and a few plastic fairing panels damaged? Totaled again. The riders usually just let the insurance company take the bike and be done with it.

The insurance company writes the owner a check and everybody's happy, right? Sometimes the owner buys the bike back for fifteen hundred bucks. Doesn't happen that often. Yes you can contact insurance companies and buy crashed bikes. You need to have cash, though. You also need to buy only very popular bikes where there is a large demand for parts. You need some knowledge here.

Sure you can buy the bikes that won't part out that well, but you will recoup your initial investment more slowly and you won't make nearly as much profit. Just as an example, 600cc Kawasaki ZX6R from 2003 to the present make excellent bikes to part out for a profit. The 2003 to 2006 models can be bought used for around $3,500 to $4,200.

These '03 to '06 models are excellent bikes for the first time sportbike rider. This bike was and still is very popular. The first time sportbike rider will drop their bike at least once during their first year of riding. These riders need replacement parts all the time. The bikes make excellent track bikes too. Track bikes get crashed on a regular basis. These track riders always need parts too.

It is very easy to double your money when parting out a bike. You do have to advertise and clean up the parts, though. You have to photograph everything. You have to have some mechanical ability and some metric tools. Is this a full time job? Maybe not. Can $1,000 a month be made? Yes, very easily. Say you spend $1,200 on a crashed bike. You can easily part it out for $3,000 minimum if you know what you're doing. Say it takes 2 months to do it from buying the bike to selling the last parts. It should actually take 4 to 6 weeks tops. That's about a thousand a month profit.

The pros at parting out bikes become bike flippers and used bike dealers. That's a full time job.

The problem now is that the economy still sucks. Getting a motorcycle financed isn't very easy. There are buy here pay here bike dealers now. They are doing quite well. The buyer has to have a relatively large down payment though. The buy here pay here seller may require 50% down. We know this actually pays for what the dealer has in the entire bike, but the dealer is now charging 20% interest until the remainder of the balance is paid off. so the dealer is at least doubling his money.

Yea, this isn't a money maker for a person with absolutely no knowledge of sportbikes. For a motorcyclist with some extra time on their hands this could be a way to make a mortgage payment or a car payment and gas for a month. I can see some tax advantages too. Lots of possibilities.

Conclusion:

I thought about doing this before, but I didn't really have the time. I have the time now, but no money. Figures. I didn't really think about this until I really started running the numbers. Making 100% profit or doubling one's money is a hard thing to do in today's economy. This isn't very hard. We're of course talking about legal ways to make money.

Well, I was just thinking about this so I decided to write an article on it. Have a great day everyone.


Street Talk

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