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Old April 24th, 2013   #1
suprasabre
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Default Is it Worth Buying a Wrecked ST1300

In my intro, because I have rebuilt one and now on my second, someone asked about rebuilding ST1300s.

The first question to ask of course is it cost effective? And that really depends on three things:
(1) What are you're plans for it. Keep to ride or fix it to sell.
(2) What is the worth of the bike to what you'll pay out compared to buying one not wrecked.
(3) How do you plan on picking up the parts you need.

The first questions is the one to answer. If you are going to ride it, you aren't going to be too worried about ROI. (Return On Investment) Where as if you plan to fix it and sell it, you're probably going to lose in the long run.

Most of the bikes I see going away from auctions, are going for some high prices. I paid $3,400 for the 2004 and $3,300 for the 2010. Neither have Salvage titles. That is also an issue. You never get full market price if a bike has a Salvage Title.

My plans for the 2004, as stated in my website, I bought it because my '05 was adding on the miles and for commuting it was fine, but I wasn't too confident in long distance riding. So i started looking for another bike, not sure of what I would find. I was looking at the different auctions, but the bikes were going for too much. Then one of my sons pointed me to Craig's List and after contacting the Tow Yard Owner, where the '04 sat, I went to check it out and bought it. I had already gotten him down from $4,200 to $3,400.

At first I was keeping tract of every dime I spent on it (mostly on ebay), but then found it wasn't going to be a cheap as I thought it would be. I probably put out close to $5,500 total for it, but that wasn't an issue since I had planned to keep it and use it for long distance riding.

On what I did to the 2004, I have a write up here on my website:
http://hamptonrpi.com/stsabre/04ST1300.htm


And a bunch of pictures:

http://hamptonrpi.com/stsabre/MCPics/Wrecked2004/index.html


When I bought the 2010, I wasn't sure just what I was going to do with it. I have two options, fix it and ride it and sell one of the others, or fix it and sell it.(Still not 100% sure) The big difference in the 2010 and the 2004, even though I paid close to the same for each, is the '04 is only worth about $6,500. Whereas the 2010 fixed up is worth about $9,500 to 10,500. That means I could actually make a nice profit if I chose to sell it, wereas I would maybe make a little or break even if I sold the '04.

My wife suggested selling the '05, but can you imagine anyone willing to buy a bike with 171K on it? What the price would have to be to even sell it. Although I do have a son that is interested in buying it from me. He's ridden it and knows how strong it still is.

So for now, I'm watching ebay for parts and will pickup ones when I feel the price is right. I love the ones that have "Make an Offer". I have picked up lots of parts for good prices.

For the 2010, I have some pictures here:

http://hamptonrpi.com/V4Files/Wrecked2010/
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2005 ST1300 - 174.3K miles (since Nov 2005, sold to #2 son, in Portland -June 2013)
2004 ST1300 - 12K miles - since Feb 2012 - (re-Restored)
2010 ST1300 - 18K since Apr 2013 - Will soon be Blue)

Last edited by suprasabre; April 24th, 2013 at 04:24 PM.
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Old April 24th, 2013   #2
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Default Re: Is it Worth Buying a Wrecked ST1300

Maybe you should buy Maura's ST1300.
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Old April 25th, 2013   #3
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Default Re: Is it Worth Buying a Wrecked ST1300

Quote:
Originally Posted by ligito View Post
Maybe you should buy Maura's ST1300.
Thanks for the bump, ligito!

2006 , with no difficulties with title, that deficit remains the mileage. It is an odd business. A bike that has sustained crash damage, some of it which may be unidentified, seems more desirable than a high mileage bike that has been continuously ridden, well maintained and suffered only relatively minor cosmetic upsets. Locally the dealer has two STs he is selling for around $6000 each, both are nice looking, lower mileage than mine, later years.....so there may be a bit of a market glut around here. Honda Canada is currently listing $19,000 for a new bike.

Not trying to push my bike, just observing the weird business of resale bikes.
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Old April 25th, 2013   #4
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Default Re: Is it Worth Buying a Wrecked ST1300

I think you can ride high mileage bikes on long trips OK if you do some planning. I rode my 1975 BMW R90/6 250 miles each way to see my girlfriend when it had over 100k miles on it. I never had a problem and that was in the days before cell phones. I made a couple of trips a month....sometimes every week. If the bike is running well and theres no suspicious noises it will tend to keep running. You can check a lot of things like shaft play, wheel bearings, brake pads, and keep up the maintenance.

Once the exhaust pipe fell of my MB 240D at the exhaust manifold on the NJTPK. It was still attached at the rear of the car. SHowers of sparks were coming out the right side of the car where it dragged on the road. I thought they were coming from the truck next to me. Nope it was me. I pulled over and removed the pipe, rolled down the rear windows and stuck it through both windows and drove home without a muffler. When I got home it was just a couple of bolts on the header rusted through. I was able to put it back on.

You can do things like that.
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Old April 25th, 2013   #5
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Default Re: Is it Worth Buying a Wrecked ST1300

I only buy low mileage wrecks, at cheap prices...
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2004 ST1300 - 12K miles - since Feb 2012 - (re-Restored)
2010 ST1300 - 18K since Apr 2013 - Will soon be Blue)
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Old April 25th, 2013   #6
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Default Re: Is it Worth Buying a Wrecked ST1300

Quote:
Originally Posted by suprasabre View Post
I only buy low mileage wrecks, at cheap prices...
Smart guy!
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Old December 10th, 2013   #7
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Default Re: Is it Worth Buying a Wrecked ST1300

Thought I'd throw out an update since I'm here. It's now December 2013 and a lot has happened.

My son bought the '05 from me, along with the extra engine I had bought and had him bring down from Portland. We rode up to (near) Portland together (him on the '05 and me on the 2010). He still needs to come down and get the engine and take it back up there...

I was going to ride the '04 to Portland, but when the wife and I did a 200 mile ride one day, I could smell oil. So I took off the parts I needed from the '04 and put them on the 2010. That was the end of May and since, I have put almost 18K miles on the 2010.

Two weeks ago, I took most of the parts back off the 2010 and they are back on the '04, after I replaced the valve cover gaskets on the '04. I still have an oil leak in the back of the engine, but I'm thinking it is the o-ring on the starter. I'll fix that later.

In mid-October, the 2010 was backed into from the rear and knocked over. Their insurance company paid me just over $2000 for all the damage. So, using that (not replacing the muffler...just yet) I bought all the rest of the plastic I needed and a tank. It is blue, so I will have a Blue 2010 ST1300 .

I will be taking the 2010 down to the stealer's this weekend to get the brake recall done and have them check out an oil leak on the leftside of the engine (head gasket?) and why the ABS brake light stays on all the time (even if I pull the fuses on it).
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2004 ST1300 - 12K miles - since Feb 2012 - (re-Restored)
2010 ST1300 - 18K since Apr 2013 - Will soon be Blue)
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Old December 10th, 2013   #8
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Default Re: Is it Worth Buying a Wrecked ST1300

Well, I'm riding a rebuilt ST. It does however now have a salvage title. That's ok because I kinda already took the resale value out of it as cash when the insurance company paid me off. I figure I end up about the same either way, take the resale now or take it later (if it did not have a salvage title). One advantage extracting the resale early is the lower mileage/higher value as compared to riding the same bike, the same ultimate distance, never having been totaled and selling it at higher mileage later. Of course this is somewhat dependent on how much repair is needed. In my case I only put about $1K back into it.
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Old December 12th, 2013   #9
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Default Re: Is it Worth Buying a Wrecked ST1300

Yeah, I have spent plenty, but some of it was for the '04 as well, so without going through the receipts, I can't say exactly how much I've spent on the 2010. But, one big factor in my costs, is the fact I changed the color...that right there is pretty expensive!
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2005 ST1300 - 174.3K miles (since Nov 2005, sold to #2 son, in Portland -June 2013)
2004 ST1300 - 12K miles - since Feb 2012 - (re-Restored)
2010 ST1300 - 18K since Apr 2013 - Will soon be Blue)
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Old December 12th, 2013   #10
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Default Re: Is it Worth Buying a Wrecked ST1300

I guess it all depends upon whether you are trying to make money, break even, or just get a cheaper ride.

I bought a salvaged 02 GL1800 a few years back for $3500 from a friend. Another friend and I restored it in his shop for another $7000. So, for $10,500.00, I got a great ride for my wife and I.

We rode it for a couple years and then I got a deal on a used 03 ST1300. I turned around and sold the GL for $10,000.00.

Worked for us.
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