Picked up a 76 CB550 this weekend, this is a new adventure for me as I have never owned or even ridden a bike before! Plan is to get the bike running, its been sitting for 2 years with a broken ignition switch, and then store it for a teardown next winter. Chrome is pitted and rusty, tank is dinged up.
I have been rebuilding cars for years, and the parts prices amaze me! All the stock replacement parts are super cheap. I'm hoping this will be a fun experience.
I bought it from a guy a couple towns over who had a 40ft container full of rare old bikes and parts. He was gonna build a cafe racer out of this bike but didn't have the time to do so since he has too many bikes, and didn't want to part out the bike since the 550's are fairly rare.
Story is the guy he bought the bike off had paid a shop 2k to fix the bike up, put new tires on it, etc. Apparently it was running great except for an electrical problem that would cause it to shut off randomly while riding, jiggling some wires got it running again. Not surprising since the ignition switch is broken, and there are hacked wires and random switches on the bike. Guy got fed up with this problem after a while and let the bike sit for 2 years.