So I'm in the middle of selling my GS but am wondering if I might be able to make more from parting it out instead. For those of you that have done so, how much have you made and how much of a pain was it. Also how long did it take you to get buyers for everything? Not trying to put in a plug for my post but here is a link to the thread so that the condition of the bike can be assessed. Thanks again :thumb:
http://gstwins.com/gsboard/index.php?topic=37357.0
Meh, i think the best route for making the most money could go either way.......generally with a bunch of aftermarket mods, you can make more parting it out.
If you do, how much do you want for the wiring harness??????????
i am up to 1200 bucks for a 89 that i bought for 900. parting is by far the best way to go if you want to put the time and effort into it.
You can make at least what you are asking plus some. It will be more of a hassle and take more time but then selling a bike can be that way at times aas well. The heavy & bulky items (engine, frame) are tougher to sell due to the shipping costs. Most of the GS parts are in demand so there would be very little that needs to be sold in "lot" form.
Last bike I parted, I sold the street stuff which paid for the initial cost of the bike and had enough left over to start another track bike. Basically got a free track bike.
Quote from: frankieG on August 08, 2007, 08:44:27 AM
i am up to 1200 bucks for a 89 that i bought for 900. parting is by far the best way to go if you want to put the time and effort into it.
Well, with a lot less effort you could have fixed the bike and sold it for 1200 ???
On a side note, Thanks for the cool stuff I got from ya ... :thumb:
Cool.
Srinath.
If you sell it how much for engine?? What year is bike and how many miles on engine??
I think the POTENTIAL AMOUNT of money per bike is greater parting it out. I think the RELIABILITY of making money is greater fixing it up. And if you have skill, I think the RATE of making money could be faster fixing it up.
I have my project bike, a 2001 that t-boned a car. (The bike is finished, and I already had a track day on it. I need to finish my thread and post pictures.)
I got it for free, but let's say I paid $300 for it. (After a front-end collision, that would be a great deal for the previous owner.)
I spent $511.57 repairing it. I just sold another 2001 for $2000. I probably could have gotten $2200, but I sold it to a friend. At $2000, my profit would have been $1190. If I was doing that as my job, I could have done it in a week (minus waiting for parts to be shipped.)
(In reality, instead of doing that, I spent $403.25 upgrading to Katana rim & shock, sonic springs and rejetting, plus $424.23 on maintenance items like tires, brake pads, chain and sprockets and got an awesome bike I could ride for less than $1400.)
But if I was going for raw profit, I could have done ok. Depending on the damage/problems of course it could go both ways. I'd have to know what's wrong with your bike to venture a guess.
Thanks guys, seems to make a lot of sense. I'll keep you all updated on if/when I decide to part it out, but that seems to be the road that I will be taking in the future - it depends on if I can find a place to store the bike while it is being parted out right now.