DRF aka Thrifty Bill
Join Date: Jan 2008
Location: The NC Mountains
Bikes: 86 Katakura Silk, 87 Prologue, 87 Cimarron, 14 frame school custom, 73 Paramount
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While $325 is on the high end for a donor, it has some pretty nice parts on it. What does your parts bin look like? If you have some decent stuff in the bin, say Shimano RX100 or better, you can probably remove all the parts, rebuild the bike, and come close to break even (of course, the parts bin would take a major hit). I try to keep a set or two of Shimano 105 and RX100 for just this purpose.
I just bought a donor bike yesterday with a similar plan, needed the wheels and the tricolor bits for a personal build. I'll either rebuild the donor with RX100, or just sell off the frameset. Great way to get parts, and sometimes you can find a donor for about what the wheels alone (used) are selling for. In my case, I think the bike rebuilt with RX100 will sell for more than I paid for it, so I am basically swapping RX100 bits from my bin, for nicer tricolor bits. No brainer.
Let him keep the pedals and knock the price down a tad.