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Thread: Statutory, Repairable, and Economic Writeoffs?

  1. #1
    Junior Biker chrisb's Avatar
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    Statutory, Repairable, and Economic Writeoffs?

    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!!


  2. #2
    Biker CammyGTIR's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    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

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    Biker isRR's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

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

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    Biker dayeve's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    Quote Originally Posted by isRR
    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.
    SYD moto tow, Got a fcked bike? Need it towed? I\'ll transport it. 0404 096 953.

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    Senior Biker Ninexz's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    Quote Originally Posted by dayeve
    Quote Originally Posted by isRR
    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.

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    Ace Drew's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    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.

  7. #7
    Junior Biker chrisb's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    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

  8. #8
    Senior Biker Chrissybenn's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    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.

  9. #9
    Senior Biker richo's Avatar
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    RE: Statutory, Repairable, and Economic Writeoffs?

    Quote Originally Posted by Drew

    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.

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    RE: Statutory, Repairable, and Economic Writeoffs?

    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

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