Wanting to avoid further debt, I've decided to stick with used vintage bikes rather than finance a modern bike (was considering a Harley come spring time). Currently, my running bike is a 1976 Suzuki GT380. And, I'm working on a CB350F (currently stripped to the frame). I'm considering looking at either a Honda CB550 or 750 or Suzuki GT550 (cause I love the two-strokes).
Some one just posted a 1970 CB750 for sale, in the area. List price is super low, in my opinion. Seller claims that low price is due to the chain snapping at high speed. What kind of damage might occur when such a thing happens? At $500, would this be a potentially worth while purchase?
Buy it. Worth it in parts alone.
If you're lucky it's a sandcast that shows (for whatever reason) a 'date first sold' in 1970.
Also, since it sounds like you can work on bikes, no fear you can get it running.
If you can't get it running you can part it next spring/summer and at least double your money.
If the economy really improves next year, you could quadruple your money in parting it.
Me personally? I am not the parting-out kind, I like the vintage riding experience and the fact that
unlike a new bike, you can buy a vintage machine and sell it in a few years for at least what
you paid for it.
Good luck and DONT WAIT GRAB THAT SUCKER NOW
if I'm in your area and I get there first (just kidding).