Jordan,
Welcome to the insanity!
Hard to say if the price is right without seeing it. Engine condition, compression, valves, etc are difficult to asses without tools and know-how. One thing you can check is if all four header pipes heat evenly as the motor warms up. If the bike is ridable (sounds like it is) and the seat isn't torn-up and chrome all looks fairly rust free, then I'd say $750 is in the ball park. Milage sounds about right (my '77 550K will hold 3.0 gallons between full and reserve and I switch around 90 miles.)
Below is a list I've been working on since I was a new cyclist/wrench turner (seems like only last year!
) This might give you some ideas what to look for when you inspect the bike and also what you are getting yourself into!
- the brakes suck, don't ride past your ability to stop
- don't let fuel leaks go unattended, especially above the engine (don't ask how I know
)
- pull the plug caps off the plug wires. If there is any green in there, shine up the spike in the cap and trim the wire back to clean copper. Don't cut too short tho!!
- Double check that you have the right plugs. Your caps have resistance, your plugs shouldn't.
- 15-amp fuses --- don't leave home without some!
- a bad fuse can "look" good. If you suspect it, replace it.
- The 550 has a habit of "melting" it's fuses under the cap where you can't see it. If this happens to you, search the forum for the solution
- watch your tire pressure close
- New tires need to be scuffed up or ridden about 100 miles before they are 100% trustworthy on a sharp corner or stop
- you have a "wet" sump and "wet" clutch (i.e motor oil rests in the bottom of your engine and is supposed to be in the clutch)
- oil level is measured with the dip stick set in the hole, not screwed down
- Chain lube that doesn't fling off the chain and onto your pants hasn't been invented yet
- Old School is COOL! (heard that somewhere)
- exhaust megaphones are WAY over priced!
- SeaFoam (gas additive) is awesome! (pause while those that disagree roll their eyes)
- death, taxes, and SOHC/4 oil leaks
- OEM gaskets are the only way to go (yes, still available via Honda )
- for better battery charging, run your engine at or above 3000 RPM
- HondaMan and TwoTired are God's! Glad to have them as members here as well as the rest of the clan!
- The moderators are way under appreciated!
- Crotch rockets hurt my back just looking at them
- downshift, throttle, bubye!
- Cagers (vehicles with 4 or more wheels) are not to be trusted
- A helmet and a leather jacket are instant cool!
- Any distraction (radio, iPod, cell phone, beautiful girl) can mean death on these machines.
- Only a motorcyclist knows why a dog loves to stick it's head out a car window
- forget about wheelies, front or back
- High side, low side, super man --- I'd rather avoid the crash all together. (your safety class will explain this, and DO take a safety class!!!)
- the rear wheel adjustment notches aren't accurate. Measure from rim to swing arm on both sides to align the rear wheel
- don't expect three-digit milage. These bikes weren't built for fuel efficiency. Anything above 40 is great!
- the speedometer will read about 5 MPH over your actual speed
- wiring, especially the connectors, need TLC. Spend a day shining and packing them with dielectric grease
- don't let moisture get into your points!! if the gasket is bad, a little high-temp grease will get you back on the road while you wait for/make the replacement.
- if you have the under-seat tool kit, don't leave it on the shop bench when you ride!
- if you don't have an under-seat tool kit, get one or assemble one of your own
- keep the greasy side down and the leathery side up!
- no matter how long you have ridden, you are never fully prepared
- know your limits and the limits of your machine, respect them both!
- reasonable engine breaking (downshifting) is not going to hurt anything. With as bad as these brakes are, practice it.
- practice panic stops too! May save your life some day
- your front brake is 80% of your braking power
- don't take your bike to the auto wash if you plan to ride it home (again, don't ask how I know!
)
- a novice rider is a dangerous thing, so is a novice mechanic. Doubly so when they are the SAME person! I know this because that describes me! Hook up with an old timer mechanic, someone who has actually HEARD of points! Let them give your bike the once over twice so that all those subtle yet deadly things you and I might miss will get caught.
- You can park almost anywhere
- If you pack them in carefully, you can get 6 bikes in the garage space where your car used to be
- you almost never walk away from your car - backwards.
- Nobody wishes they were you when you ride in your car
- We are a community, with our own language, and we wave at each other when we pass by
- Oh, the conversations you will get into when some old-timer walk up as says "I used to ride one of those!"
- Getting lost on your bike only means you get to ride more
- Car drivers never say "Man, I'm really ON today!"
- A motorcycle is it's own roller-coaster, any YOU control the thrills
- the painted lines and figures on the road are very slippery when wet. Don't stop on top of any if you want to keep your paint in good shape.