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Author Topic: Called Geico to insure CB550 and he said it was the "bike of the week"  (Read 4063 times)

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Offline harisuluv

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Called Geico to insure CB550 and he said it was the "bike of the week"
« on: June 07, 2012, 12:07:01 PM »
Said he had been getting a lot of calls of people insuring them like me.

In as little as 1 year ago I could find 550s and 750s from craigslist or whoever.  Now they are few and far between.  I got lucky this month and picked up 3 from one guy.  I know that is not going to happen again for a looooong time.  They have all been snatched up!

We should keep this in mind as the days of a bike that once sold for maybe $100 (if that) can now fetch $500 easy.  Supply and demand!

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Offline 72 yellow

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #1 on: June 07, 2012, 04:14:04 PM »
And the price of parts for these bikes has risen also.  Some of this stuff looks like it was pulled out of a swamp.  But the sellers act like they are near NOS.  :o
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Offline harisuluv

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #2 on: June 07, 2012, 07:32:52 PM »
No kidding.  At least places like this forum are available where people can network and trade/swap/buy parts at a reasonable price.
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Offline Stev-o

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #3 on: June 07, 2012, 07:51:40 PM »
Haris - I too just bought three from one guy.  They are still out there, you may have to go outside your area to find them.
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'74 "Big Bang" Honda 750K [836].....'76 Honda 550F.....K3 Park Racer!......and a Bomber!............plus plus plus.........

Offline WarwickE36

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #4 on: June 08, 2012, 11:25:48 AM »
The going rate in Maine has climbed to the point of insanity.  I have been looking for months.  Everyone thinks their farm fresh CB550/750 is worth 1500-3,000 ... To make things worse the guys who are finding the deals are hoarding them.  More power to them because I know the work that goes into finding the diamonds in the rough... BUT it sucks for me, because I see a warehouse with 100+ bikes just sitting there.  None of these bikes are for sale.  What's a guy to do?
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" Why does anyone get offended by what someone does to their own bike? I dont get it. "

You made me think about it after I cheered knowing someone else would like to know what these control freaks are up to.
 Every time any owner strips whatever precious Honda part the horrified purists parts go up in value. That's not the part that bothers them.
 What bothers them is they sat up late at night, their breast full of wonder and estrogen, unable to sleep, dreaming about their lovely darling and all her glory... and next thing you know someone else doesn't share their emotional deluge and their reaction is they must spread their mind museum as far as they possibly can, taking over as much of the real world as possible.

Drink fast, drive slow, but ride it like you stole it

1974 Cb550 with style
2004 SV650s

Offline Stev-o

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #5 on: June 08, 2012, 04:03:11 PM »
Found this in ME in less than 5 min. Could be a pretty good deal...


http://maine.craigslist.org/mcy/3018009156.html
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'74 "Big Bang" Honda 750K [836].....'76 Honda 550F.....K3 Park Racer!......and a Bomber!............plus plus plus.........

Offline harisuluv

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #6 on: June 08, 2012, 04:49:37 PM »
Yeah they are getting hoarded too, that's a good point.

According to the insurance guy people are insuring them and riding them, that would definitely take a lot of the beater/fixer-uppers off the market.
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Offline MILO

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #7 on: June 08, 2012, 05:40:56 PM »
You should see the prices of these bikes in Australia :/

I don't think I've seen a cb550 on ebay for less than 1500. almost all needing full restoration
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Offline harisuluv

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #8 on: June 08, 2012, 07:21:07 PM »
Holy smokes, that's unbelievable.  Is that what they are ASKING on ebay or what they are getting? 

What do they go for in the real world like craigslist (think you have that in Australia)
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Offline Emokid

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Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #9 on: June 08, 2012, 08:00:30 PM »
Real world in norway is 3500 usd and up , this year most are in the 5 - 7000 range if they look ok ,and the cheapest project bike ive seen ( read that as a bucket of parts ) is 2000 !
« Last Edit: June 08, 2012, 08:02:10 PM by Emokid »
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-76 550f ,transforming into the 798 "Nazgul" cafe
http://forums.sohc4.net/index.php?topic=97563.0

Offline harisuluv

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #10 on: June 08, 2012, 08:12:52 PM »
Wowsers!  I think the US was a much bigger market so there are a lot more of these bikes still around.  We don't see prices anywhere near that here!
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Online Terry in Australia

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #11 on: June 08, 2012, 08:19:41 PM »
And that's why so many guys here in Oz and in Europe etc are buying bikes cheap from the US and importing them back into their countries. What Milo didn't mention is that because we have a 365 day per year riding season, most of our old bikes are just worn out, so a low mileage US bike that sells for a fraction of what we'd have to pay for a tired old POS locally is very, very attractive! ;D
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I was feeling sorry for myself because I couldn't afford new bike boots, until I met a man with no legs.

So I said, "Hey mate, you haven't got any bike boots you don't need, do you?"

"Crazy is a very misunderstood term, it's a fine line that some of us can lean over and still keep our balance" (thanks RB550Four)

Offline Stev-o

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #12 on: June 08, 2012, 08:22:43 PM »
Hey Terry - I got a nice K8 I'll export to Oz for ya mate!  Special deal, just for you!!
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'74 "Big Bang" Honda 750K [836].....'76 Honda 550F.....K3 Park Racer!......and a Bomber!............plus plus plus.........

Online Terry in Australia

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #13 on: June 08, 2012, 08:24:23 PM »
Quote from: Stev-o on June 08, 2012, 08:22:43 PM
Hey Terry - I got a nice K8 I'll export to Oz for ya mate!  Special deal, just for you!!

Ha ha, I can't afford the shipping for the whole bike Steve, how about you just send me the engine? ;D
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I was feeling sorry for myself because I couldn't afford new bike boots, until I met a man with no legs.

So I said, "Hey mate, you haven't got any bike boots you don't need, do you?"

"Crazy is a very misunderstood term, it's a fine line that some of us can lean over and still keep our balance" (thanks RB550Four)

Offline m33p

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #14 on: June 08, 2012, 08:25:58 PM »
thats funny, i just tagged my cb550 today with geico as well.
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Offline Doggie

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #15 on: June 08, 2012, 09:25:16 PM »
I used to pick-up racks of 550 carbs for $20-25. Not anymore. Glad I have a shelf full of them.
                                                          Doug
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Offline dave500

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #16 on: June 08, 2012, 10:54:00 PM »
im glad i stocked up on engines etc,lots of that ebay stuff dosent sell,,just bikes magazine is better for buyers.
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Online Terry in Australia

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #17 on: June 09, 2012, 12:46:33 AM »
Quote from: dave500 on June 08, 2012, 10:54:00 PM
im glad i stocked up on engines etc,lots of that ebay stuff dosent sell,,just bikes magazine is better for buyers.

If you see any CB750 engines let me know Dave, I need one! Cheers, Terry. ;D
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I was feeling sorry for myself because I couldn't afford new bike boots, until I met a man with no legs.

So I said, "Hey mate, you haven't got any bike boots you don't need, do you?"

"Crazy is a very misunderstood term, it's a fine line that some of us can lean over and still keep our balance" (thanks RB550Four)

Offline dave500

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #18 on: June 09, 2012, 01:12:50 AM »
i found my first 500 engine in a skip with an xr75 engine and i think it was a yammy a100,i didnt pick that one up,i sold the xr75 for 20 bucks and rebuilt the 500,,thats how i got into these bikes!,it was from a school,i guess they were going to section it or something?
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Online Terry in Australia

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #19 on: June 09, 2012, 02:16:31 AM »
Yeah, good pickup mate. When I was a kid at the Bairnsdale tech school in the early 1970's there were several sectioned pommy bike engines including a Vincent engine. The school is all but gone now, and so has all the stuff from the Mech A room, but no-one knows what happened to those engines? I hope they didn't go in the scrap bin?  :'(
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I was feeling sorry for myself because I couldn't afford new bike boots, until I met a man with no legs.

So I said, "Hey mate, you haven't got any bike boots you don't need, do you?"

"Crazy is a very misunderstood term, it's a fine line that some of us can lean over and still keep our balance" (thanks RB550Four)

Offline Accolay

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Re: Called Geico to insure CB550 and he said it was the "bike of the week"
« Reply #20 on: June 09, 2012, 02:47:36 AM »
Quote from: WarwickE36 on June 08, 2012, 11:25:48 AM
The going rate in Maine has climbed to the point of insanity.  I have been looking for months.  Everyone thinks their farm fresh CB550/750 is worth 1500-3,000 ... To make things worse the guys who are finding the deals are hoarding them.  More power to them because I know the work that goes into finding the diamonds in the rough... BUT it sucks for me, because I see a warehouse with 100+ bikes just sitting there.  None of these bikes are for sale.  What's a guy to do?

I feel your pain. I spent a lot of time looking for a new project. I don't think the cafe racer craze has helped prices in our favor either. Everyone thinks their rusty crap is worth a lot of money because there is always a dope out there who has the money to pay (in the US anyway, and especially in hotter markets-East and CA).

You just have to wait until that dope decides that he can't finish that project that's been sitting in his garage for a couple years. We've got loads of these in the midwest if you're willing to travel.
« Last Edit: June 09, 2012, 02:49:48 AM by Accolay »
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1977 CB550F
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