SOHC.co.uk Forums > CB500/550
The Cost of A rebuild!
McCabe-Thiele (Ted):
--- Quote from: Johnny4428 on April 17, 2021, 11:09:48 PM ---Ted we are definitely not in it for the money! If that’s your total costs you have gotten off lightly. Then again it does of course depends how much restoring it requires in terms of parts etc. I’m currently restoring (although not much this last while) a 750k3. I’m already in that at about £4500 for bike and parts. Maybe another grand might hold it in (wishful thinking) 😂😂😂
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I have been fortunate that the bike is not as bad as I feared it might be - BUT this is an expensive BUT it will not be completely original /concourse when it's done but it will be well tidy I hope.
I think it would be much costlier if I went the extra distance. A sort of diminishing returns situation - perfection is expensive in time & money but beatiful to behold. As this is my first so as to speak I am at the beginning of my addiction curve - it can only get worse I suspect.
McCabe-Thiele (Ted):
--- Quote from: philward on April 17, 2021, 11:01:17 PM ---
--- Quote from: Macabethiele (Ted) on April 17, 2021, 10:39:40 PM ---My current 400 rebuild Costs are £2900 so with purchase price I am at £4900. I estimate another £500 will cover everything except my new wheels! That said last year I would have spent a similar amount on eating out & weekend breaks. I am enjoying the challenge & working on my bike. When it has been finished yes if I sold it I would not recoup my costs but there will be a residual value and something I have enjoyed doing - I can also go out for a ride on a nice summers day. I am not running a business its a retirement hobby. If its all done by early 2022 I can always start again.
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Absolutely Ted - I've built several bikes in a similar situation over the last 10 years. I too do it for the personal satisfaction of turning a wreck into something as new and when my bikes are finished, I know they are right (which you don't know when buying one for the similar money). I only posted for the interest and debate
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I agree with your comments completely - the debate going on in my head is part self justification cost v mental benefits - part knowing I am not alone in wanting a goal that challenges my abilities. Tbh for me a combination of Covid Lock Down focusing my thoughts into anything aside from how very old I have felt recently - it has been a real tonic for my psychological well being. Interestingly a neighbour of mine who has terminal cancer (his prognosis is 12-18 months max) has taken a leaf from my book - he has started doing restoration work on small old wooden items - he started with an 1890/1900 tea caddy - now he is restoring a writing slope that is circa 1850's.
I am finding my thinking time is starting to be way longer than my doing time especially as most of my strip down work has essentially been done. I suspect the actual rebuild time scale will be more difficult to manage than the fiscal aspect - thank goodness I don't need to complete it to go to work on next week! lol
mike the bike:
I've got mates that spend 1000s on a foreign holiday. After a fortnight it's gone. Good memories but it's over with. A restored motorbike will give many years of pleasure and a sense of pride and achievement and, the cost will only t appreciate with time.
Nurse Julie:
I think you did well at that cost Phil. Anyway, you can't put a price on the pleasure you will get from owning and riding that lovely bike.
royhall:
--- Quote from: mike the bike on April 18, 2021, 10:01:27 AM ---I've got mates that spend 1000s on a foreign holiday. After a fortnight it's gone. Good memories but it's over with. A restored motorbike will give many years of pleasure and a sense of pride and achievement and, the cost will only t appreciate with time.
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Couldn't agree more. My workmate has just dished out 7k for 2 weeks in the Maldives at the end of this year. Now for me that would be a heart breaking waste of money. He has no hobbies really, but if all your interested in is holidays you could have gone away three times for that amount.
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