And how do they set the selling price? spyder
ould be
They will set the salvage price based on the ACV (actual cash value) payout. The ACV should be and I did say SHOULD as it depends on how the State where the loss occured laws are written. ACV on a one year or less old vehicle is what the actual buyer paid for the bike,extended warranty after the MOCO prorates the refund, including sales tax he and DMV fee's. Also accessories and modificatition prices should be included in the settlement. A deduction for for mileage may apply but that's just plain wrong in this case.
Now the good part the salvage price?

?? And remember we don't know what company is paying, did she have enough underlying coverage to pay a $40,000 loss, or is it the bike owner Company that's gonna pay. Some companies have contracts with salvage yards and the salvage yards pays a flat percentage based on the year, damage. Others use and auction service like COPART to auction off the salvage to the highest bidder. And here's the strange one, some companies have their "special guy" that gets all the good bikes, usually for cheap, why, 'cuz he's greasing whoever is running the total loss unit at the Ins Co.
So as I speak fom some years of being a ALLSTATE adjuster / total loss handler, there are a lot of ways this Greenie could go.