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The other day a friend of mine texed me, wanting to know if I'd be interested in buying a motorcyle. He's in the military, was about to transfer back East, and the person who was originally going to buy the bike changed his mind at the last minute. I'm always interested in buying motorcycles, but that doesn't mean I'm in a financial position to do so whenever an opportunity comes around. I texted back and asked what he had, and what he wanted for it. He had a 1991 Honda Nighthawk 750 with 9,000 miles, and was asking $200. It had a title, but the key was missing. It had been laid down a couple times on both sides, and it hadn't been running in more than six years. Despite the minor road rash, it was in good overall condition, and I gladly handed him $200.
After reading numerous internet posts about the '90s Nighthawk 750s, I can state with some certainty that there is nothing special about one. The are best known for being simple, low maintenance, reliable bikes, with average handling and just adequate braking. Something I kept seeing mentioned was that it was "built by committee." The downside of reliable, low maintenance, built by committee bikes, is that they generally don't have that edginess or oddity which would eventually lead to desire. As a result, nice, used examples of these bikes are pretty inexpensive. So, even with a good overall condition, $200 example, it's important to make sure the damage which needs to be repaired doesn't cost more to fix than what a ready to ride excellent example would cost to purchase.
I looked over the bike and found the following: seized front brake, all four turn signals broken, 28-year old original tires, dead battery, six-year old gas in the tank and carbs, scraped mufflers, headlight and mirrors, missing key, minor scratches in the paint, and a need for fresh plugs and an oil change.
If I ignore the cosmetic stuff, and just worry about getting it running and road worthy, I am looking at less than $500, with the majority of that money being spent on tires and carb rebuild kits. Seven hundred dollars for a good running bike in fair cosmetic condition is pretty reasonable, and it should have reasonable sale value on Craigslist of between $1,500 and $1,700. Not a bad return on investment. Replacing the scraped mufflers and headlight would significantly add to the refurbishment cost. Good headlights were running over $80, and good, full exhaust systems were being offered for more than $300 plus shipping. While these parts would make the bike look better, there is no telling if it would actually significantly increase the sale value. If I happen to find the cosmetic parts I need for a good price I'll buy them, but for now they are not high on the priority list.
Today I got a little time to work on the bike. The first thing I did was remove the seized front brake caliper. I unbolted it from the fork lower, then used a 2x2 and a mallet to slowly ease it off the disk.
That only took a couple minutes, so I decided to remove the ignition lock next, so I could get access to the key code stamped on it. With that code, my local Honda dealer can cut me a new key in a few minutes for just $10.
Everything went quickly and smoothly until I tried to remove the Torx bolts which are used to mount the switch housing to the underside of the top triple tree. I actually broke two teeth off my Lisle T-40 Torx socket, stripped the bolt head, and split the fingernail on my right thumb for good measure. It's not a worthwhile project unless you're bleeding. I'll now have to remove the top triple tree to drill out the stripped bolt, and buy a new T-40 socket to try and remove the other bolt.
Sorry for the horizontally posted vertical photos. I tried to fix them but the kept posing with the wrong orientation.

After reading numerous internet posts about the '90s Nighthawk 750s, I can state with some certainty that there is nothing special about one. The are best known for being simple, low maintenance, reliable bikes, with average handling and just adequate braking. Something I kept seeing mentioned was that it was "built by committee." The downside of reliable, low maintenance, built by committee bikes, is that they generally don't have that edginess or oddity which would eventually lead to desire. As a result, nice, used examples of these bikes are pretty inexpensive. So, even with a good overall condition, $200 example, it's important to make sure the damage which needs to be repaired doesn't cost more to fix than what a ready to ride excellent example would cost to purchase.
I looked over the bike and found the following: seized front brake, all four turn signals broken, 28-year old original tires, dead battery, six-year old gas in the tank and carbs, scraped mufflers, headlight and mirrors, missing key, minor scratches in the paint, and a need for fresh plugs and an oil change.
If I ignore the cosmetic stuff, and just worry about getting it running and road worthy, I am looking at less than $500, with the majority of that money being spent on tires and carb rebuild kits. Seven hundred dollars for a good running bike in fair cosmetic condition is pretty reasonable, and it should have reasonable sale value on Craigslist of between $1,500 and $1,700. Not a bad return on investment. Replacing the scraped mufflers and headlight would significantly add to the refurbishment cost. Good headlights were running over $80, and good, full exhaust systems were being offered for more than $300 plus shipping. While these parts would make the bike look better, there is no telling if it would actually significantly increase the sale value. If I happen to find the cosmetic parts I need for a good price I'll buy them, but for now they are not high on the priority list.
Today I got a little time to work on the bike. The first thing I did was remove the seized front brake caliper. I unbolted it from the fork lower, then used a 2x2 and a mallet to slowly ease it off the disk.

That only took a couple minutes, so I decided to remove the ignition lock next, so I could get access to the key code stamped on it. With that code, my local Honda dealer can cut me a new key in a few minutes for just $10.

Everything went quickly and smoothly until I tried to remove the Torx bolts which are used to mount the switch housing to the underside of the top triple tree. I actually broke two teeth off my Lisle T-40 Torx socket, stripped the bolt head, and split the fingernail on my right thumb for good measure. It's not a worthwhile project unless you're bleeding. I'll now have to remove the top triple tree to drill out the stripped bolt, and buy a new T-40 socket to try and remove the other bolt.

Sorry for the horizontally posted vertical photos. I tried to fix them but the kept posing with the wrong orientation.