Cheshire wrote:I'm going to look at a 1983 Kawasaki GPZ-550 tomorrow.

Anyone have any advice for a first-time motorcycle buyer? I could do a used bicycle walkthrough with my eyes closed, I'm learning about scooters, but so far, my motorcycle experience is limited to my MSF class and drooling over Triumphs when I go to the shop I got my scooter from.
http://asheville.craigslist.org/mcy/1532917869.html
Here's the craigslist ad I'm chasing. Thoughts? Opinions? Bewilderments?

I have a 1981 Suzuki GS550 and I love it. You can't go wrong with these bikes.
Advice: My bike didn't run and I bought it for $425 with only 10,500 miles on it. If it's running well (I mean the current owner tuned it, re-did the carbs, etc.) It might be worth $1,000 to $1,200, but unless it's a complete resto, don't pay any more. Look at classicjapanesemotorcycles.com for an idea of what restored bikes go for.
Once you have the bike, congrats. They are easy to work on. You will want to clean the carbs out, drain the fluids and replace the tires if they are old and have been sitting for a while. None of this should cost you a lot of money. The carbs are easier to work on than you might suspect. Just take pictures of them as you are taking them apart. Search eBay for kits that people make for re-build jobs. Basically they are fairly inexpensive pre-packaged O-ring kits. My suzuki has four Mikuni carbs. Off hand I don't know what Kawi used at the time. Drain all the gas and when you put the tank back on, put a cheap in-line fuel filter on to catch the junk that has no doubt collected in the tank. change the oil and filter and do it again after 300 to 500 miles. Bleed the brakes. This is nothing to fool around with. If you are not comfortable doing it yourself have someone help or pay to have it done. Stopping is too important to fool around with. The front fork probably needs oil. A Clymer manual will tell you how to do this (it's not something that has to be done on Day 1). Shocks are probably shot if it's been sitting too long. Again, don't let the old tires go too long.
You can obtain shop drawings of the bike at bikebandit.com. Enter your year and model. Order parts from them or call your local dealer, which will still have many of the parts in stock or can get them.
When you put the carbs back on the bike, you will want to tune it. Check into Color Tune, which I don't think they make any more, but is the easiest way to tune a bike. It's magnificent. You just remove the spark plugs, hook up color tune and adjust the flame for color and consistency. Takes about five minutes per cylinder. You can always guess, too, which is what most people do.
When you go to buy the bike, it is often helpful to take a compression checker. You hook it up to each spark plug. I suppose the numbers you should get as a reading are posted somewhere. Generally, though I just want to know that each cylinder is putting out the same output. A cup of water is also handy. If the bike runs, pour water on each pipe as it comes out of the header to make sure all cylinders are firing. If you touch these even briefly with bare skin you will regret it.
If the bike has something wrong with the engine, always a possibility, don't fret. these are pretty bullet proof and you should be able to fix it with a small amount of ability. It will just take longer.
I prefer to buy bikes that are not running and have been siting for ages. The owner just wants to get rid of them and will practically pay you to cart them away. These bikes can almost always be fixed using the methods above. In any case, a bike that isn't running or is running but not well should cost from $400 to $600. Double that for a bike that is running, but not fully restored. And no, it doesn't matter what the owner has done to it ($2,500 four-into-one exhaust). Tough luck, pal. Take it off and put the old one one or eat the cost.
Just remember that bikes like these are a dime a dozen. If this one isn't a good deal. One will come along. There are some exceptions for a really rare bike, but generally this is what I've found.
Finally, join the Vintage Japanese Motorccyle Club.
www.vjmc.org. They not only have a kick butt quarterly magazine, but they have some helpful info on their Web site and you can always pick the brain of some members who have the same bike. Vintage, by the way, is 25 years or older. Antique (and there is a club for that) is 30 years or older. Basically, if it was built before the Kansas City Royals won the World Series, it's vintage. My, how the world has changed!