I may have the oppourtunity to buy a 2002 R6 "project" bike for $1200. It has been wrecked, but only messed up the tank and some rash on the frame and needs a new tail. He says it will run, but it sat for a year (hasn't ran for a year) and now the carb needs a clean. The bike only has 8,000 miles on it!!
http://roanoke.craigslist.org/mcy/3613100858.html
Here's the deal, my current bike will take about $500 or more to fix. It needs a new front wheel, exhaust work, rust in tank, needs tail fairings, petcock, headlight/trailtech, and a carb clean/sync. Hell that's probably over $500. Also, the title is a little sketchy, it was night time (the source for all my problems on this bike). The title is from the owner before the guy I bought from and has a sell date of 9/14/12, in which I will have to change the sell date somehow because that is far past the 60 day requirement.
The R6, on the other hand needs a carb clean and a tail (from what I can tell). It will be worth much more when I'm finished, and probably safer than the death trap I have now. Clean title too.
Should I borrow the money, buy the R6, then part out the CBR? I think I could atleast get $1000 by parting it out.
Engine- $400-500 (my dad's company can help me with the heavy shipping)
Chrome swingarm- $100
Carbs (need clean)- $50
Forks- $100
Chrome rear wheel w/road rash- $50
Gauge cluster- $100
Frame- $200-$300 (I will raise the price depending on if I can get it titled)
Chrome Two Bros exhaust- $100 (I will have to fix the mount though)
That's all I can think of right now, I know there will be some other small cheap parts left to sell.
What do yall think? I think the R6 will be cheaper, better, and a much better resale than my 1997 CBR ever will.