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Old 12-19-2009, 11:21 AM   #1
jacob
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Good deal? Running '93 GS500 for $750?

I'm talking to a guy who is selling an older GS500E (naked) for his neighbor. The paint is 7/10. Chain is dry and a little rusty, fork seals leak, RPMs drop slowly after releasing the throttle (my guess is a sticky throttle cable or carb issue), the exhaust needs to be sandblasted and painted... BUT, it starts/runs, the transmission is good, front and rear brakes work and release properly.

I know going into it I'd at least have to rebuild/sync the carbs, put in new fork seals and oil, new chain.

Does this sound like a money pit or something that I could get my money back on if I decided to sell it in the spring?

Thanks!

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Old 12-19-2009, 11:28 AM   #2
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Old 12-19-2009, 11:40 AM   #3
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considering you could get a good ninja 250 without having to dump any money into for bout a thousand more i would say its not worth it.
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Old 12-19-2009, 12:19 PM   #4
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I think you'd be better off spending more to get something newer without any problems


There's a few bikes listed on here for pretty cheap
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Old 12-19-2009, 12:26 PM   #5
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I don't think it would be bad. You could fix it up a little more, ride the snot out of it, and sell a year later for the same price. The machine didn't change for years ..that means there is some reliability there. They are FUN bikes. Ask irish mick. He gotz onez. Few of my buddies did as well. If you think its worth it after a few more looks, and checking it out, I say go for it.
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Old 12-19-2009, 12:31 PM   #6
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I made a spreadsheet with the known expenses...

$70 carb rebuild kit
$30 fork seals
$80 chain

It's only got 5000 miles on it, so I'm hoping the valve clearances are all still okay, especially since the shims aren't the same diameter as in my SV650.
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Old 12-19-2009, 01:57 PM   #7
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would be a fun project, sure you could spend more money and get a bike in ready to ride condish, but that would be no fun..... I say scoop it up
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Old 12-19-2009, 05:07 PM   #8
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If you are handy you'll be in it for $1100 or less (you need tires) and if it's fairly clean you should be able to pull A bit more then that. You are not going to make bank on it. It is a 15+ year old bike...
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Old 12-20-2009, 10:09 AM   #9
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I'd budget for a couple other things like bearings as well.
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Old 12-20-2009, 10:20 AM   #10
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If U are buying it to make money on then no, but if U are buying it to fix up and ride or as a back up bike or teach others then yes, and of course helps if U can do some of the work yourself
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Old 12-20-2009, 10:45 AM   #11
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Offer a little less, do the work yourself and have some fun with it.

I enjoy buying older bikes that need a little love, fixing them up (especially suspension), riding the snot out of them, and then selling them for what I have in them. It also gets an older, cool bike (in my mind), back on the road. I usually don't make any money, but I don't lose any either.

It sounds like you are mechanicaly able, but even if you aren't, it would be a good learning experience.

I am not a mechanical whiz, but I have friends that are. They will come over, they help direct me on what to do, and I do the work and learn a lot. It costs me some beer, an occassional dinner, and it keeps me occupied.

I would offer that I don't think you will make money on it though. As of late, there have been a ton of really good deals on older bikes. When you can find a nice VFR750 for 2500 asking price that needs nothing, don't count a line of people to buy an older GS500E. If you like GS500's it will be fun, if you could care less about that model, find one you like and it's much more enjoyable.

That being said, go for it.

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Old 12-20-2009, 11:02 AM   #12
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Old 12-20-2009, 12:32 PM   #13
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