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If you could afford the loan and the risk, make a reasonable offer. But make it reasonable enough that you could recoup if he returns and says to keep it or part with it. That's a part of what having friends is all about. just make sure it's all on the table as to how the decision making process is going to go if he can't re-purchase it from you.
You could get it up and running and offer to split the difference in profit for your time involved in the running and or restoration part, if he decides it needs to find a new permanent home.
My $0.02
I am really having a hard time posting this. A good friend of mine has fallen on hard financial times and is thinking of letting go of his '68 Electra-Glide. His grandfather bought the bike brand new in Denver and had it until he passed away 2 years ago. It was then handed down to my friend whom had great hopes of restoring it and riding it. My friend basically grew up around the bike and going on sunday rides with his grandfather for most of his childhood. He went and picked up the bike and it has been in his garage here in So. Cal. ever since. It hasn't been started since 1984 and has 26k original miles on it. It has always been garaged and covered.
We had great dreams of rebuilding this bike and riding together and it truly saddens me that he is considering letting this bike leave his family. If I had the money, I would buy it and just sit on it until he could buy it back and build it in tribute to his grandfather.
Here's a pic of his grandfather on it in 1969. What do you think its worth?? He will get me more detailed pics this weekend as it sits in his garage.
There isn't much different, other than its older and dusty.
Sorry to hear of your friends hardship. If you have the coin, purchase it from him for a reasonable amount. Clean it up, get it running, and enjoy it. It doesn't appear to need anything else. If the two of you want to go on a ride, let him ride the '68. When he is back on his feet and is ready to purchase it from you, sell it to him at what you have invested in it with the receipts.
I don't know what the bike is worth, but a true friendship is priceless.
.... right now Shovels aren't bringing much...I have in my posession a 1980 FXE that I'm trying to sell for a friend who needs a Trike due to a back problem..nice running bike with a sweet flame paint job...I put it on Craigs for $5000.00 and can't get rid of it...right now around my area(Mass)..you can find shovels all day for between $3800-$5500..I would say if that FLH is all original, running, and the metal isn't too far gone(rusty spokes or pitted aluminum), I would say it is more desireable than FX's and should be at about $7500-$8000....good luck to your friend....Jomac
Why sell it,it didn't cause the hardship,it's payed for and just sitting there like a vase on a shelf,throw a blanket over it and bang,its not there....
What I'am saying is Do Not Sell the Bike..Its' not costing a thing and it was givin to him.If it was a 60 Duo I would be on my way down to buy it......
this brings up thoughts of pulling into the harley davidson dealerships lot on a busy saturday morning. i see loads of big twins, touring models, lots of softails, a few sportsters, and an occasional v-rod. when i see a shovel or pan, i stop and really take notice. that's a beautiful bike there. they have a sort of class and style that my late model streetglide can't touch. i still miss my first, a 53 pan.
I've seen several very nice late 60s FLs advertised for $10-$11k. Being parked for that long who knows what condition it is in.
I doubt the $$$ will make the financial problems go away tell him to keep the bike.
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