[chrisb]

Hi All,

I am looking at a few bikes on some auction sites, and was wondering if someone can someone please clarify what is meant by "Statutory Writeoff"?

Does this means the bike is well-and-truly fucked (i.e. Frame Damage) and would be for parts only?

What is the difference between "Repairable Writeoff" and "Economic Writeoff"? I thought this was the same thing....

FYI: The site I am browsing through is http://www.pickles.com.au

Thanks!!

 

[CammyGTIR]

statutory write off - can never be registered again

repairable write off- can be registered, too hard for the insurance companies

Economic write off- break out the wallet

 

[isRR]

wasn't there legislation passed (in NSW) banning repairable write-off from being able to be re-registered again?

 

[dayeve]

wasn't there legislation passed (in NSW) banning repairable write-off from being able to be re-registered again?

I highly doubbt it. What would be the point of repairing if you couldnt regester it. I think what your talking about is cars with airbags that have gone off because its almost impossible to test of they have been refitted.

 

[Ninexz]

wasn't there legislation passed (in NSW) banning repairable write-off from being able to be re-registered again?

I highly doubbt it. What would be the point of repairing if you couldnt regester it. I think what your talking about is cars with airbags that have gone off because its almost impossible to test of they have been refitted.

isRR might be right, I remember seeing something on the RTA website a few weeks ago.

 

[Drew]

In Vic I'm surprised they bother with discriminating between an Economic and Repairable writeoff.

The concept is supposed to be that the Stat writeoff is damaged frame therefore the bike isn't to be used on the road again. You can get it reversed, but it seems like an exercise in futility, buy one for the motor or whatever and put bits onto another bike only etc.

Economic/repairable is supposed to be things like where an insurance company has got a new bike thats damaged over 2/3rds or so of its own value in OE fairings or similar resulting in a stupid cost to repair. Therefore if you want to buy one and fighter it or buy one and put dodgy fairings on it or whatever then they don't care, you just have to haev an inspection to make sure you're not rebirthing something stolen.

 

[chrisb]

Thanks guys! I dont think I would ever buy a statutory writeoff (unless it was for parts), but this is good to know.

Im looking for a little cheap bike to ride to the station everyday while I save for a new 1000, and am actually checking out the long list of CT110s on another auction site

 

[Chrissybenn]

make sure you get insurance if you plan on leaving it at the station every day. thieves will scope out the bike if its there for hours on end.

 

[richo]

The concept is supposed to be that the Stat writeoff is damaged frame therefore the bike isn't to be used on the road again. You can get it reversed, but it seems like an exercise in futility, buy one for the motor or whatever and put bits onto another bike only etc.

A mate of mine is going through the VIV process at the moment. On the whole it's not too much work by the looks of it, and he's getting a cheap bike.

Oh, and the best part? The bike was written off when a noob cop backed into it.

 

[ebv8]

I have rego'd a couple of repairable writeoffs but there is not much saving by doing it
a stat could be a good track project or parts only
and the new law in NSW was supposed to start in August but have not heard any updates about it
so if you buy before august you can re register with a blue slip and VIIU
but when u sell you have to state its on the WOVR by law and it will never be worth as much as a un written off bike
most dodgies don't tell anyone and i had a customer with that happen to them and paid $2500 for an unregistered bike to find out it needed a VIIU and they had no receipts to prove where the parts came from so they are seeking legal advice now

 

[webbous]

so if you buy before august you can re register with a blue slip and VIIU
but when u sell you have to state its on the WOVR by law and it will never be worth as much as a un written off bike
most dodgies don't tell anyone and i had a customer with that happen to them and paid $2500 for an unregistered bike to find out it needed a VIIU and they had no receipts to prove where the parts came from so they are seeking legal advice now

What exactly is a VIIU ??

 

[ebv8]

vehicle identification inspection unit
there is a unit at botany and they take your bike away for 90mins and come back saying all good
I think they only check reciepts and numbers (with xray) and thats it for $435
the blue slip checks for repairs $32
but as long as its road worthy it will pass blue slip

 

[webbous]

So do you mean after this new law comes in august you need a blue slip and one of these viiu things if you have repaired a "repairable write off" ???

 

[ebv8]

thats what you need now
after august no more repairable writeoffs unless its rare or a classic everything will be a statutory write off meaning the vin number will be useless
the law has not been published yet so it may change
look up writeoffs on the RTA website

 

[webbous]

Crap - thats got me really worried now... Im restoring a bike that had been in a crash - i bought it in december... Im not 100% sure if its on the WOVR ?!?! But if i fix the whole thing up then cant register it ill be gutted :-(

 

[ebv8]

i think you would be ok if you can prove you bought it in december and provide receipts of repair before august

 

[Chrissybenn]

Crap - thats got me really worried now... Im restoring a bike that had been in a crash - i bought it in december... Im not 100% sure if its on the WOVR ?!?! But if i fix the whole thing up then cant register it ill be gutted :-(

id probably check the wovr before you buy fairings for it..

road fairings if its not on there, race glass if it is :headbang:

 

[ebv8]

if your worried call the RTA or if yuor in another state you will be ok
most other states are easier to register

I can hook you up for cheap fairings from anything from Honda to MV Augusta
starting from $400 with screen for MC19 pick up from sydney + $50 for race kits

 

[webbous]

Right... Well I do have all receipts, I've kept everything in a folder so i can keep track of how much I've spent...

PHEW back to it then i guess !!