circlehappenork wrote:
I've got an offer to get an '85 K100RT customised as a cafe racer. I've seen the bike, but I'm no mechanic. So I could only trust the seller, that he tells the truth. The bike is said to have done 150k miles. No engine rebuilt, new clutch and the seller said that the rear drive splines were lubricated now and then and that they are in good condition. That was the only thing I knew to ask when I've viewed the bike. The offer stands for £2k. Any thoughts/ suggestions?
I bought '73 R75/5 Toaster last year for $1500.00 Owner was asking $4500.00.
I'd look at the bike with a very critical eye and try your best to estimate what it would cost you to restore the bike to full road worthiness, meaning everything works as it's supposed to. Research, research, research that model and year for others who have restored. You will undoubtedly find someone who has done a full restore and documented it. Learn about the cost, specific items to look for, and pitfalls. There
will undoubtedly be pitfalls.
Forget historical value, nostalgia, and "café racer". An example of almost every make and model of antique has been converted to a "café racer". This does not make the bike more valuable. Compare other bikes for sale of same make, model, and year and come up with a reasonable average price for that particular bike. Then subtract the cost to make it road worthy. Your goal is to purchase at a price that allows you room to repair what needs repair and then be able to sell at break even cost or better. Don't get upside down on an antique high mileage bike.
The bike your looking at is VERY high mileage. Factor the mileage into the equation and assume from that only, it may need a lot of TLC and replacement of consumables such as brakes, tires, battery, plugs, fluids, filters, bearings, etc.
I'd make a standing offer of half the asking price or less. If your offer is declined, politely leave your phone number and walk away. Do not be surprised when you get a call back a week or two later accepting your offer, or a lower counter.
For reference, here's an '85 K100RT for sale on eBay. The guy talks a lot about maintenance work and minor/major replacements in the body of the listing:
http://www.ebay.com/itm/BMW-K-Series-/2 ... 2036954404
My 2 cents.
Good luck with the purchase.