Opportunity to buy 1100 GSX-R for $850

[Maverick.Marq]

I wasn't sure where to post this. but this seemed like a good place.

I'm having a bit of a moral quandary. Here I am, just having put my 1992 katana 600 on the road a month ago after picking it up for 850. I see this ad for aGSX-R 1100 for the same price and lower milage.

Having just put 1200 into the Katana to get it on the road (yeah I know not such a good deal anymore) I'd like anyone's opinion on how they would rate the GSX-R as a project bike.

I'll be seeing the bike soon and taking my uncle who's a motorcycle mechanic and previous GSX-R owner to see just what it'll need for safety.

I'm just worried about not making my money back if I sell either bike, they are both nice and cosmetically I'd say the GSX-R looks like it's in pretty good shape (more so than my Katana)

Thoughts?
-Marc

[Kreylyn]

Isn't 86 the first production year model?

Looks like someone already did the wheel conversion on it.

I'd go for it if I had the $... I think that model would actually increase in value as the years go on.

Krey

[Maverick.Marq]

Thanks for your input. I'd really love the bike it looks soooo goood! too bad I could never put it on the road since insurance wants over $10,000!!!! I would have to fix it up and resell it.

[rockat]

Pretty cool looking bike. $10k is unbelievably steep. What's up with that?

[DarkFury]

Sweet looking ride, I'd buy it

[Maverick.Marq]

I'm gonna take a look at it tomorrow if it all checks out I'll put a down payment or buy it.

If I can't resell it I'll keep it till I’m over 25 when the insurance might be reasonable.

I feel like the price is just a deterrent to try to get me to buy a different bike. This quote wasn't even from my current insurance company I called my current insurance company up and asked how much it would be and they said they flat out would not insure it. A pretty bold move since I already have 1 bike and my car with them.

[DayKat]

Thanks for your input. I'd really love the bike it looks soooo goood! too bad I could never put it on the road since insurance wants over $10,000!!!! I would have to fix it up and resell it.

Even though I know Canadian $'s are worth less than USD $'s, $10,000 for insurance can not even remotely be correct!

But by happenstance it is correct, throw $5K to me and I'll personally insure you for the $5K amount!

[Maverick.Marq]

yeah I don't fully understand the insurance laws. I should really move somewhere with more than a maximum 7 month riding period and yes that 10,000 was for 7 months. and for all I know it could have been 20,000 he just had a warning saying it would be more than 10,000

[Wild-Bill]

Buy it, clean it up and move to the US.

...or sell it but that'd be a shame.

[Maverick.Marq]

Not surprisingly it's on hold for someone until Thursday (payday) and from my experience if you need to wait till payday to buy something; you probably shouldn't be buying it. So I told the seller if he bails I'd give him a little extra to be the first one called since he has 4 other guys laying in wait for the first guy to fall through.

Will keep you guys posted on how it goes.

[Maverick.Marq]

Sadly I let this one slip through my fingers. Next time I wont hesitate to go down and check it out on the first day.

[Wisconsin_750]

It's pretty sad our society has gotten to a place where an insurance "threat" has made you second guess a bike to the point where it was sold when you decided to get it!

Insurance (vehicle and medical) shouldn't break us!

[Bungles750]

Bummer that you missed out on the bike. Been there done that before. As far as the insurance, maybe 1000, but no way would 10k even be acceptable.