The Cost of Vintage Bike Restoration |
In a recent conversation with an old friend, who is new to vintage bikes and purchased his bike only a year ago, the common dilemma that all of us face became apparent. Do you buy a restored bike or a core bike and restore it yourself? You all know my answer: core bike and restore it myself. But not everyone has my mechanical abilities. My friend fell into the less informed mechanically class. My approach can be expensive if you strive for perfection in fit and finish and originality. But with some compromises it still costs more than you will ever be able to sell the bike for even if you do 95% of the work as I do. What I get mostly is peace of mind every time I use the bike. Since I touched every piece and every nut and bolt, and did virtually all the work myself I know the condition of my bikes. My Hornet's bottom end is the exception and I fret about it every time I ride it. But I didn't know the answer when I had it done three years ago. I do now!. Buying someone else's restoration project is troublesome for me. The guy selling always appears to me to be a used car salesman, hedging every hard question and never absolutely honest. I've sold a few bikes through the years and learned quickly to not offer information but only give it when asked directly. I've never duped anyone (well maybe the guy that bought my Maico and planned a 150 mile ride with it) but I have been known to be a little less than free with the info. So I should expect the same, I suppose. In fact, if all is well with the restored bike you can get one for less than it actually cost to do, thanks to the market place. An absolutely pristine one with parts receipts, and with receipts from known good out sources for repair work is probably a steal. But somehow to me it easier to meter the money out over several months than pay a single large sum. Its' all in the mind but I have to feel good about the expediture or I won't do it. My friend chose a middle road. He picked a bike "restored" by another person unknown to him, with less than perfect cosmetics, but acceptable, supposedly assembled from a box of parts. It did run as the guy delivered it by riding it about 15 miles to my friends home. It needed a fair amount of spit and polish but the motor seemed sound. The price was towards the lower end of the market. My friend chose this approach to better match the available cash flow, fully understanding that he was going to have to learn about British bikes and do as much as possible himself. He absolutely did not feel competent to assemble the bike out of a box or to build a bike up from a core bike. After getting the bike he felt the need to re-chrome items, polish cases, rebuild forks, replace tires, new spokes, a new rim, a double leading edge front brake backing plate, a new seat cover and re-paint the tank and he still is not quite done yet. The first club ride was a failure. Less than 10 miles from the start of a vintage street ride the bike just stopped: no electrics and jammed in gear. Undaunted, he brought it to me where I found a piece of dirt in the gear change mechanism, a wobling clutch pressure plate due to poor adjustment, and a shorted wire. My friend, now concerned that he might never finish an event, had me totally rewire the bike changing to a Tympanium rectifier/regulator and a Boyer igniton with new PVL coils. Still it didn't run quite right with the required idle speed at 2000 RPM. So he rebuilt the carbs only to forget to blow out the carb dip from the small idle passages. Another trip to me starightened that out. The main reason he rebuilt the carbs was that they seem to have jets in it for the Triumph Triple. I guess the previous owner must have got his boxes mixed up. I have warned my friend to set aside enough money to cover a total rebuild since who knows what other parts are wrong or are jury rigged. That is what makes my way so much easier for me to handle. If my bike's are jury rigged I did it! My friend has doubled his investment. Perhaps if he had chosen a pristine restoration bike he would be money ahead. But the problems are usually located where you can't see them when you are looking at a prospective purchase. What my friend did get out of all this is a sense of accomplishment from a hard item that he can go out to his garage and touch. He told me that he got a sense of accomplishment that was usually not acheived in most of his other hobbies He is absolutely enjoying working on his vintage motorcycle even though he has suffered some set backs. He is ahead of where he started and has had some good enjoyment from it all. I suppose some of you out there are happy with just owning and riding someone else's restoration project but I and my friend feel that the hands on approach is a lot more rewarding. And he will finish an event! |