I have recently developed a fascination with older BMW's and I am now looking at purchasing a 1972 R75/5 Toaster Tank locally and I need help with placing a value on this bike. He is asking $3500 but is willing to accept $2800. What I don't want it to buy a bike for what might be considered a "good deal" and end up putting another $2800 into it, yet. (What I mean is that if I keep it for a few years and my mechanical skills improve, I would probably strip it to the frame and restore it later after my kids college saving plans are paid off.) Facts: It's black, it's cool, the odometer reads 59,000 miles, clear title (it is a '72 but the title says '73, he claims some goof up at DMV pertaining to old bikes). The local vintage bike shop mechanic did a brief curbside visual inspection on this bike and said that it looked and seemed to run well. A compression test was recommended. Good: Title matches Vin, it fired up immediately when cold (both eletric and kick starters worked great), it idles beautifully, each cylinder put out 148 pounds on the compression test that I personally performed, the guy rode it up and down the street and it accelerated briskly and stopped well without making ugly sounds (except for the typical old BMW transmission "clunks!"), it sounded good and no obvious leaks were noted. Also comes with a bag of "stuff" including a Clymer manual, extra gaskets and Krauser bags (that look rough with no keys to lock the bags). He claims to have put 1500 trouble free miles on the bike in 2010. Bad: No state inspection since 2000 (vintage plates so it's not required). It has a good amount of "patina", mild surface rust on many of the metal surfaces, much of the plastic and paint have faded (it's 38 years old!), the toaster panels have mild dings on them, the bike HAS BEEN "gently" crashed on the right side with residual scuffs on the underside of the right valve cover, right handlebar grip end is chewed off and bottom of right muffler has minorscuffs (no left side damage noted). The saddlebag carrier has been repaired by welding and the bags themselves are ugly on the inside from extensive repairs but seem to work well (minus no key for the locks). I could not appreciate any defects/bends/road rash to the fork, frame or subframe with the naked eye. The headlight does not switch b/t high and low beam (it's always on high beam when turned on), I forgot to check the horn, when squeezed the front brake does not turn on the rear brake light (the rear does), the fuel tank needs to be Kreemed (now!) and the boot between the transmission and the shaft drive has a small (1 cm) tear that has been covered with eletrical tape. Also, besides a recent oil change, there is no maintenace history. I REALLY like the looks of the bike and only intend on using it for local rides and commuting on nice days. A picture is a million words: I am going to post pictures tonight.