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Post by 29davyt on Feb 13, 2021 10:40:43 GMT 1
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Post by headcoats on Feb 13, 2021 10:50:41 GMT 1
Trouble with these sort of sales is that you may want the frame but end up chucking the rest as it's crap, Triggers Broom build
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Post by jon on Feb 13, 2021 10:57:28 GMT 1
Difficult to comment one way or another as final price isn’t known yet.
Currently at £1590 I’d say a good buy, even with expensive parts missing like clocks and wiring loom for a legit matching numbers U.K. 4LO with V5.
However I reserve final comment until we know the final sale price.
Jon
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Post by Matt24k on Feb 13, 2021 11:00:22 GMT 1
Short answer: Money Pit, definitely. Good Bye as quick as you can, note spelling Bye not Buy😉
Longer answer: Petrol tank with a rag in it won't be in the best of shape. No air box or rear mudguard. Missing front calipers, horns, headlight brackets, clocks. Wrong front mudguard, master cylinder and forks. The list goes on and on and on. That said it will probably make 3 grand on ebay, consume a load more cash and not get finished before being relisted in 3 years time.
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Post by stusco on Feb 13, 2021 11:07:05 GMT 1
Short answer: Money Pit, definitely. Good Bye as quick as you can, note spelling Bye not Buy😉 Longer answer: Petrol tank with a rag in it won't be in the best of shape. No air box or rear mudguard. Missing front calipers, horns, headlight brackets, clocks. Wrong front mudguard, master cylinder and forks. The list goes on and on and on. That said it will probably make 3 grand on ebay, consume a load more cash and not get finished before being relisted in 3 years time. Good first post👍 |
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Post by tony2stroke on Feb 13, 2021 11:12:56 GMT 1
Money pit!!!!!!!!!!!!!!!!!!!!!
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Post by jon on Feb 13, 2021 11:12:58 GMT 1
I’ve bought similar condition vehicles in the past at a good price. My mate just couldn’t understand why, as he admits himself he has no ‘vision’.
He was shocked a year or so later they were the same vehicle.
In fact my YPVS was a 10 footer. Looked great 10 foot away, but get up close it was rough. Cost £1600 from memory for a running bike I rode away.
Jon
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Dave B
Drag-strip hero
Posts: 240 
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Post by Dave B on Feb 13, 2021 11:18:25 GMT 1
There was a cautionary tale on a TV programme a couple of weeks ago. A chap bought an Aston Martin DB4 in a similar condition to that LC. He paid about £12,000 for it. He went to a top car restoration company and, pointing at a gorgeous, fully restored DB4, he asked, "What would it cost to get it like that?" The estimate was £250,000. "And what would it cost to buy that one?" "£250,000" was the answer.
I reckon that it costs about the same to do a full restoration on a bike that is would cost to buy a restored one- but the money you paid for the wreck is gone for ever. When people set a sale price on the basis that "It owes me £......" then they are due for disapointment. Restore a bike when you want to ride that bike. You never really get your money back. Do it right and you get the bike you wanted, and you paid what it needed.
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Post by midlifecrisisrd on Feb 13, 2021 11:31:56 GMT 1
Not looked at the link yet
If it's an RD project then it's a money pit 🤣
Steve
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Post by oldelsieboy on Feb 13, 2021 11:31:59 GMT 1
Difficult to comment one way or another as final price isn’t known yet. Currently at £1590 I’d say a good buy, even with expensive parts missing like clocks and wiring loom for a legit matching numbers U.K. 4LO with V5. However I reserve final comment until we know the final sale price. Jon It's not matching numbers, the ad states it has 4L1 cases with a 350 top end. OEB |
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Post by lcmarky on Feb 13, 2021 11:32:05 GMT 1
It’s 100% a money pit but then again aren’t they all?
Whilst I was working on my black LC I lucked across a newly rebuilt bike to nigh on perfect original condition. I bought the perfect one as having worked on mine for a bit I knew full well I could not replicate that bike for the money. So I saved the resource needed to put into it too. It also gave me a beautiful Elsie to ride while I faffed with mine.
If however I wanted a project and had c.£12k + to throw at this as a starting point then why not.
One of the biggest challenges now is the availability of a good donor (at a sensible price) & sourcing the parts you’ll need.
It is great fun and very rewarding mind to take a load of bits and make a lovely bike out of it.
Depends what you want - a project or a bike to ride now...
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Post by lcmarky on Feb 13, 2021 11:33:49 GMT 1
Difficult to comment one way or another as final price isn’t known yet. Currently at £1590 I’d say a good buy, even with expensive parts missing like clocks and wiring loom for a legit matching numbers U.K. 4LO with V5. However I reserve final comment until we know the final sale price. Jon It's not matching numbers, the ad states it has 4L1 cases with a 350 top end. OEB I missed that. In which case value is less so spend on rebuild more sensitive. hybrid? |
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Post by midlifecrisisrd on Feb 13, 2021 11:34:28 GMT 1
Just looked
I rest my case
Steve
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Post by jon on Feb 13, 2021 11:38:57 GMT 1
Interesting discussion.
As said I suspect that with a few more bids it will turn into a money pit.
That said, there are so many things that affect price. Let’s take paintwork for instance. If an LC had paintwork that looks reasonable with the odd scratch and chip here and there but you wanted it perfect, it would cost the same amount to do as an LC with tatty panels of different colour schemes. BUT the one with reasonable paint would command a higher asking price.
Barrels are another example. I’d rather buy a seized standard bore bike than a running one needing a rebore on 2mm over already. Again the price would be very different.
I guess it appeals to those that can do the work themselves, otherwise it gets expensive very quickly.
Jon
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Post by jon on Feb 13, 2021 11:40:39 GMT 1
Difficult to comment one way or another as final price isn’t known yet. Currently at £1590 I’d say a good buy, even with expensive parts missing like clocks and wiring loom for a legit matching numbers U.K. 4LO with V5. However I reserve final comment until we know the final sale price. Jon It's not matching numbers, the ad states it has 4L1 cases with a 350 top end. OEB I didn’t read the add as I’m not interested anyway. I’ve got 2 to do already! Just looked at the pics of the logbook. Jon |
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Post by 29davyt on Feb 13, 2021 11:47:38 GMT 1
Doesn’t want to be much over £2K to make it a viable project, that said will probably go for more as Others have stated,,
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Post by shaunthe2nd on Feb 13, 2021 11:48:16 GMT 1
Probably a money pit and not matching numbers so unlikley you will recover your money, but doing them up is a labour of love and you can't put a value on that.
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Post by dusty350 on Feb 13, 2021 12:02:32 GMT 1
I agree - money pit for sure. They always are ! There's at least a grand to refurb the engine properly - presuming it has the 350 pump and other bits associated with a 350 top end. If you go with new tank and bodywork plus respray, another 1200 minimum. Then you've got to hope it's got a straight frame, forks etc. Then add the spendy Lc parts like clocks, mudguard, airbox etc etc. Would suit a hybrid build more readily than a standard resto - 4l1 cases influence that hugely. Someone will pay good money to win that, for sure - 3k plus would be my guess. No one is going on holiday this year, so money to burn on an Lc project instead !!   Dusty |
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Post by headcoats on Feb 13, 2021 12:04:22 GMT 1
It will be saving another LC I guess
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Post by liffy16 on Feb 13, 2021 12:37:33 GMT 1
It will be saving another LC I guess Yes that will be the only positive, been burnt on these kind of projects myself in the past ,once you start stripping these down binning half the bits ,sorting out 40 years of bodging ,you'd wish you'd just bought a nice euro import ! So yea my vote money pit 👍 |
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Post by JonW on Feb 13, 2021 13:17:03 GMT 1
If you do it properly, which you should, then they will need everything. The price of the project is also outweighed by the joy of doing it as well as the finished result and its financial value. you cant put a price on the process unless you want to do it up and sell it. If you do projects like I do (and many here do) then we are always upside down on the deal, thats why we often dont sell them, or accept the loss as the cost of the joy of doing it.
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Post by dougw on Feb 13, 2021 16:55:27 GMT 1
Personally I'd rather spend a bit more on something that's all there.
I got lucky in December 2019 and picked up a complete uk matching no 4L0 for £1000.
It has swallowed somewhere in the region of £2000 to get it to an mot ready state with rebuilt crank and re lined barrels, but still needs paint, stripping right back down to get the bent frame by the side stand bracket straightened and alignment check , then frame painting. Should get that done next winter.
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Post by steve h on Feb 13, 2021 18:22:41 GMT 1
£500 punt max... but fill ya boots, its only £££s and work, or hobby.
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Post by reedpete on Feb 13, 2021 18:36:48 GMT 1
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Post by 29davyt on Feb 13, 2021 18:52:17 GMT 1
It’s still live on eBay £1890 😂 9 people bidding on it
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Post by tony2stroke on Feb 13, 2021 19:23:56 GMT 1
Its got a good plate EDE 919W great if your name is Edward, you would pay more for that.
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Post by botty on Feb 14, 2021 12:11:31 GMT 1
Did it get pulled or ended???
I wasn’t watching it 😳
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Post by tony2stroke on Feb 14, 2021 12:19:47 GMT 1
Did it get pulled or ended??? I wasn’t watching it 😳 It got pulled all bids were cancelled by seller, and the bids cancelled went up to £2200 too, same as it went for on farcebook. |
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Post by reedpete on Feb 14, 2021 12:23:19 GMT 1
Did it get pulled or ended??? I wasn’t watching it 😳 Sold on Facebook 2.2K , eBay ad taken down a while later. |
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Post by liffy16 on Feb 14, 2021 12:27:18 GMT 1
£2200 that's a bargain 🙁😪😭
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