Thinking of getting a project bike

[L-Jam]

I currently have around £1200-1500 to buy a new bike, but as I already have a GS500 that is fine at the moment for getting me from A to B, I don't need the new bike straight away.

Also, I don't really want to fuck around with insurance, so will probably wait until my policy finishes on the GS in May before I insure and use my new bike, and will use the GS to fund the insurance. That way, I will have a fresh sum to pay, and two years no claims, giving me a bit more room to afford insurance for a higher group bike.

So, I had an epiphany and decided I want to get a decent bike, definitely more powerful than the GS, probably a 600 IL4 of some sort. However, because I have a few months, and it may possibly be cheaper and I will learn a lot, do you reckon I should get a crash damaged/just generally broken bike, and do it up? This way, would I be able to get a better condition bike in the long run than if I saved a bit more and spent roughly £1800 on a new (used) bike?

If I were to save and wait until May to buy the bike, I would be looking at the usual R6/thundercat, GSXR 6, CBR6F etc.

So what do you think, get a project bike and if so what do you recommend (eBay link if possible), or just wait and buy a bike at the time?

to the helpful replies as always.

Cheers for reading.
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Journalist, student, egotist.
Click here if you're a young biker, wondering what to do after a moped/125!
Skp 50 --> GS 500 --> CBR600F with custom HRC paint jobby --> GSX-R 750 K7, beautiful!

[Chris750]

One advantage of doing this, is that you will know you,re bike really well, which is never a bad thing.

[Blau Zedong]

You'll rarely save money doing a damaged bike up. Usually you'll spend about the same or more than a decent example would cost. If you want to do it for shits and giggles then go ahead, but you won't save any money.
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18:54:48 Rob Fzs: jews don't give away stuff for free

18:54:59 Rob Fzs: unless its their clothes/ hair/ golden teeth

[L-Jam]

[ms51ves3]

Buy a decent bike, strip it down and clean it thoroughly with a toothbrush.

You'll learn about where everything is on your bike and it'll look great.