The Best Choice Right Now. Bank Repossessed Motorcycles.

repossesedmotorcyclesRepossessed (or Repo) motorcycles have always been part of the used motorcycles market, but never been available in such volume. You know the reason, banks or other lending institutions repossessing bikes from owners failing to pay on time their motorcycle loan.

If the loan has been given by the lending arm of a motorcycle manufacturer, the repossessed bike will probably end up being offered for sale on the show floor of one of its dealers. But if the loan was given by a bank or independent lender, the bike will be sold in one of the many public auctions organized weekly in each county all over the country. And it’s where you can find find the best bargains in a range of motorcycles of all styles going from the old to the current year model with sometimes only a couple of hundred miles on the speedo.

Great buys for some dealers, custom builders and you the individual taking advantage of another biker unable to fulfill its financial duties. Don’t forget that you need to inspect the bike and that in counterpart to the fact that you can buy at a much lower price than at your dealership used department, the motorcycle will often be sold as is (but may still carry some kind of manufacturer warranty). Talking around me I realized that the main reason many still don’t visit auctions is that they don’t know when and where they are held. Check your local newspaper or make a geographic online search with these keywords: seized-cars-motorcycle-auctions

11 Responses to “The Best Choice Right Now. Bank Repossessed Motorcycles.”

  1. 1 madpuppy Dec 31st, 2009 at 8:13 am

    Happy New Year to All !, is a great place to find motorcycles and cars, repo or wrecked. They cover the entire US, i have gotten a couple of real good deals at little cost. I bought one repo Harley, put it on the trailer for the 500 mile trip home, and sold it on the way for a 2 grand profit !

  2. 2 Bigalyts Dec 31st, 2009 at 12:14 pm

    Boy madpuppy, WHAT PART OF THE COMPANY ARE YOU ASSOCIATED WITH ??? I know you have never been a Blogger on Cyril’s Site, because the GUYZ that are Readers and Blggers are REAL FRICKEN SHARP. There is a proper way to promote something, and people respect yo more then when you try to Bullshit them. We all get enough of the Bullshit these days !! Happy New Year. PS Mostly all the Repo’s go to the Auctions, where guys like you buy them and resell them, through sites like Yours!!!!!!!!!!!!

  3. 3 madpuppy Jan 1st, 2010 at 7:31 am

    Bigalyts ,
    I don’t have a web site ! I`m just an old truck driver/Biker ! I`ve been on Cyril’s site since he first started ! I DO NOT work for nor have i ever worked for the company i spoke of.If your so freaking sharp, go to that web site and you will see IT IS AN AUCTION , and you have a certain amount of time to bid ! When i put the bike i bought on the trailer, I put a ” for sale sign ” on it and it was sold before i got home ! You have a Big mouth, I could give a rats behind what YOU think ! There are a lot of people on this site who know me ! So shove it Bigalyts !

  4. 4 Bigalyts Jan 1st, 2010 at 1:04 pm

    madpuppy, I know a lot of People out there know you………You said you were an Old Trucker. Why cause it is an Auction does that mean that you can not be Affilliated?? Well just so you know, when I make a mistake, I appologise ! You are tooo Fricken Stupid to Own a Buisness, except maybe Driving someone else’s Truck ! Happy New Year

  5. 5 madpuppy Jan 2nd, 2010 at 7:47 am

    Bigalyts : The only reason i mentioned that site is that is what Cyril was blogging about, and that company is the only one i know of ! I was only trying to give the name of a web site that offered what Cyril was talking about only ! No other reason ! So big shot what company do You own ? I am Incorporated in the state of Nevada, or i should say was, because of the economy we closed up shop. I didn’t make a mistake ! But i will except your apology. And a Happy New Year to you.

  6. 6 Fluke Jan 2nd, 2010 at 1:09 pm

    I have used Ride Safely, tried to anyway. They are barely more than a scam.

    You are much better off going direct to the reseller, Insurance Auto Auctions do some repo stuff, as do Copart. yeah yeah, I know Copart’s reputation, justified reputation, but it isn’t a bad place to pick up some cheap bikes occasionally. There are more places out there than them, you don’t have to go through a high priced middle man like Ride Safely.

    Never ever buy a vehicle from any of those places sight unseen. Copart, for example have put “engine starts and runs” on bikes that have cracked crankcases and missing engine parts, what it means is often that the engine looks like maybe it should start, possibly, for a couple of seconds anyway.

  7. 7 madpuppy Jan 2nd, 2010 at 3:08 pm

    Thanks Fluke, i`ll try Copart`s next time. Be careful saying the name tho, Bigalyts will claim your running the company and trying to get free advertising, HAHAHA.

  8. 8 Fluke Jan 2nd, 2010 at 5:26 pm

    Trouble with a lot of the resellers are they are dealer only. like Copart, you have to pay 200$ joining fee just to be able to bid on something. And then only certain states allow private people to bid on those auctions. I have dealer/dismantler status with them from my old and very defunct French business. But for private people there are a very few states where you are allowed to bid on auctions. 5 vehicles you are allowed to bid on per annum each for WA, OR, CA, TX, FL AZ for example. 5 vehicles you can actually bid on, you may not win the auctions on any of them though.

    Ride Safely are little more than a scam, run by a Russian family I think. you bid on a vehicle through their easily accessible site, you make your max bid, they deduct the possible cost of them picking it up from the auction and taking it to their depot from your bid, plus their commission and then Coparts commission and then they make that bid on what is left your behalf when Copart do the live online auctions via VB2. if the car or bike sells for much less than the max you offered Ride Safely , Ride Safely keep that extra amount. If the bid you made via Ride Safely is much lower than the actual sale price, they still ask you for a 200$ deposit anyway, this you can only get back if you allow them to scam 40 bucks or so from the top as an admin fee. Even though they didn’t do anything and you had no chance of winning the auction as the bike had already sold to someone else for more than you max bid via Ride Safely.

    Caveat Emptor.

  9. 9 MDK Jan 9th, 2010 at 12:01 pm

    A freind of mine has a local bike shop that has gone from a daily order for custom parts to nothing in the last ten years and the repo bikes are keeping him going.

  10. 10 CopartBidder Jan 19th, 2010 at 11:27 pm

    Copart charges a whopping $350 (+) “buyer fee” that they don’t tell you about until you actually win an auction. It’s listed at the bottom of the website on a small print link, not in the “terms & conditions” that they have you check when you signe up.

  11. 11 CopartBidder Jan 19th, 2010 at 11:29 pm

    Forgot to mention that most of their “member service dept” acts like someone is pointing a gun at their heads to make them work there.

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Cyril Huze