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Thinking of buying a couple of projects

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andym
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PostPosted: 16:39 - 26 Jun 2013    Post subject: Thinking of buying a couple of projects Reply with quote

But with my previous track record.... Would I be throwing money away?

I've been offered a Honda C70 (1980 with less than 3000 miles on it) and a BSA Bantam 150 (possibly 1972 or earlier) for not a kick in the bollocks off of scrap value.

The Bantam is in boxes and not even sure if all the bits are there

The Honda hasn't been started since 88, but the engine hasn't seized as it still turns over when kicked, there is a lot of surface rust that should mostly clean off with a good clean, there isn't any spark, but I'm not sure if it needs a battery in there to even get that from it.

Anyway, how difficult would they be to sell for not a lot more than I'm going to pay, how easy are they both to work on, and if I actually get them running, how are they for riding?
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P.
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PostPosted: 16:42 - 26 Jun 2013    Post subject: Reply with quote

£50-£80
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andym
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PostPosted: 16:57 - 26 Jun 2013    Post subject: Reply with quote

##Paddy## wrote:
£50-£80


Each or for both?

You would be right with one of them
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P.
Red Rocket



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PostPosted: 17:01 - 26 Jun 2013    Post subject: Reply with quote

Combined.
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Fisty
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PostPosted: 17:06 - 26 Jun 2013    Post subject: Reply with quote

Use the money to keep your current bike on the road.
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STONEY!
Brolly Dolly



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PostPosted: 17:08 - 26 Jun 2013    Post subject: Reply with quote

Id give £150 the pair as long as there was paperwork/keys, if no paperwork or keys £50
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Rogerborg
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PostPosted: 18:38 - 26 Jun 2013    Post subject: Re: Thinking of buying a couple of projects Reply with quote

andym wrote:
The Bantam is in boxes and not even sure if all the bits are there

I'd be thinking about parting that out to fund the C70 restoration.
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Ariel Badger
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PostPosted: 19:45 - 26 Jun 2013    Post subject: Reply with quote

No one has ever restored a classic and made a profit, for every £50 spent you will get £30 back. If you want to make cash out of it break it. I will give you £20 for the front hub and brake.
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TheSmiler
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PostPosted: 19:49 - 26 Jun 2013    Post subject: Reply with quote

Rob Fzs wrote:
you will never ever have any money if you try to rebuild bikes and sell on, can be done as i've made a profit on one before, but that was an exception.


MRMAXSTOREY on youtube restores bikes and sells them and makes quite a good living from it. But he is most probably the exception 1 in 1000.
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Shaft
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PostPosted: 21:25 - 26 Jun 2013    Post subject: Reply with quote

TheSmiler wrote:
Rob Fzs wrote:
you will never ever have any money if you try to rebuild bikes and sell on, can be done as i've made a profit on one before, but that was an exception.


MRMAXSTOREY on youtube restores bikes and sells them and makes quite a good living from it. But he is most probably the exception 1 in 1000.


You can make money, but you have to have a plan, be able to do everything (or almost everything) yourself, cheap contacts to do the things you can't and be able to buy the right project, at the right price.
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Sako
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PostPosted: 23:05 - 26 Jun 2013    Post subject: Reply with quote

These things have a habit of becoming obsessions and money pits.
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stevo as b4
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PostPosted: 17:34 - 27 Jun 2013    Post subject: Reply with quote

I wouldn't take them on mate unless you have the time, patience and a pot of cash to spend on each one. if you think you could have a thing for Honda C70's and Bantam's then fair enough. Or even if you could convince yourself that you had a really good need/use for them once done.

But as said most people will either take on a project or two and end up surrounded by bits doing nothing for years, or else sell it all on as junk/unfinished projects.

You could part out both bikes, strip and clean all the parts and photo everything then sell it all as bits on Ebay. If you have the time and dedication for this then you might make a few quid.

Most folk buy into a project for something to do, or they think it will be a great way to spend their free time. The few that do re-build and restore them and get them going again, probably get attached to them and end up with 2shiney old bikes that they didn't need, and wont ride much, but can't sell without a massive loss.

if your looking for a project, get yourself something you really want to do up or own, as it might just keep you interested enough to see it though then. Instead of XYZ bike that a bloke offer's you down the pub for a few quid that he just wants shot of, and probably knows it will never run again, or will cost ££££'s to fix, as he'd have done it himself if it was easy or worth fixing for the sake of a few quid.

I personally would always go for a trail/off roader as a project bike if I had a road bike or 2 already. Lots of people fancy a cheap and easy to restore old dirt bike, and it's a nice change from a road bike.
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andym
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PostPosted: 20:22 - 27 Jun 2013    Post subject: Reply with quote

Looks like it's not going ahead, the person that was selling them has been told he can't sell them on Confused

Anyway, I got to see the Bantam today, I was told it was in bits, I didn't realise quite as many bits though, and even at that, engine internals have been left to rot and are covered in rust etc. (brave fucker to take that one on), from what I could find out it was from the 50's going by the registration format, and it looks as if it has been in bits since the 70's
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