rogerthat
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Post by rogerthat on Aug 6, 2018 13:48:43 GMT
Why would you spend £15K on a bike that's not even worth half that ?
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Post by df on Aug 6, 2018 14:03:49 GMT
Why would you spend £15K on a bike that's not even worth half that ? It must be a hobby, which suggests that the borrower will be keen to repay in order to get their bike back.
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r1200gs
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Post by r1200gs on Aug 6, 2018 14:10:04 GMT
Why would you spend £15K on a bike that's not even worth half that ? Because some people do things for love, not just for money.  I know, I know - Hard for us investing folks to understand but there you go! It's a lovely thing that clearly has had a lot of money spent on it and the £6000 valuation is very reasonable I would say. I'd have a dabble if I could be bothered with £150 loan parts, but I can't. 
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rogerthat
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Post by rogerthat on Aug 6, 2018 14:15:56 GMT
Why would you spend £15K on a bike that's not even worth half that ? It must be a hobby, which suggests that the borrower will be keen to repay in order to get their bike back. A fair point..and as this has got other nick knacks attached ive winkled out a few coppers out of my piggy bank
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rogerthat
Member of DD Central
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Post by rogerthat on Aug 6, 2018 14:18:35 GMT
Why would you spend £15K on a bike that's not even worth half that ? Because some people do things for love, not just for money. I know, I know - Hard for us investing folks to understand but there you go! It's a lovely thing that clearly has had a lot of money spent on it and the £6000 valuation is very reasonable I would say. I'd have a dabble if I could be bothered with £150 loan parts, but I can't. only cos I was bored I had a root around on tinternet and top whack for a total rebuild was £6K..and that was a dealer
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Post by dan1 on Aug 6, 2018 14:20:09 GMT
On the plus side it redeemed early last time, IIRC. Although investors did experience a capital loss on a motorbike in the early days of FS.
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r1200gs
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Post by r1200gs on Aug 6, 2018 14:41:28 GMT
Because some people do things for love, not just for money. I know, I know - Hard for us investing folks to understand but there you go! It's a lovely thing that clearly has had a lot of money spent on it and the £6000 valuation is very reasonable I would say. I'd have a dabble if I could be bothered with £150 loan parts, but I can't. only cos I was bored I had a root around on tinternet and top whack for a total rebuild was £6K..and that was a dealer I'm not sure what you mean by a rebuild? That thing is a one-off special. Oh yea you can rebuild it for £6000, but it has to be built first. I suspect the donor bike will have been about £4000 and there's a lot of money gone in on top of that. I think the wheels and forks alone are at least another couple of thousand on top of that(IF they were second hand, much more new), all the engineering work to make everything fit and for the new rear mono suspension. All that chrome and polishing. Plenty of money gone on to that bike. Pity is still has a clanky underpowered old BMW at the heart of it.... 
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Imothep
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Post by Imothep on Aug 6, 2018 17:41:06 GMT
I'm not sure what you mean by a rebuild? That thing is a one-off special. Oh yea you can rebuild it for £6000, but it has to be built first. I suspect the donor bike will have been about £4000 and there's a lot of money gone in on top of that. I think the wheels and forks alone are at least another couple of thousand on top of that(IF they were second hand, much more new), all the engineering work to make everything fit and for the new rear mono suspension. All that chrome and polishing. Plenty of money gone on to that bike. Pity is still has a clanky underpowered old BMW at the heart of it.... with the front end , gsxr by the looks of it and a k series single swinging arm , that’s a 20k build minimum for the engineering before you even start on the clunky lump which i very much doubt is standard ! 6k whilst probably realistic for a firesale is really an insult for a bike like that , it is truly a stunning build ... you kinda need to know to know really , which clearly you do ... a bike of beauty
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