When I had a similar problem--a worn-out, rapidly-aging travel bike I wasn't planning to use anytime soon--I basically just gave it to a friend. This was a KLR, ten years old, ~98,000 miles, 5 continents, with only a select few significant upgrades.

My friend wanted a bike, and wasn't averse to this one, so I sold it to him for $100 plus he had to move all the touring farkles over to another KLR I bought. I gave him a list of twenty or thirty items I wanted to keep (hard case racks, skid plate, bark busters, horn, crash bars, center stand, that sort of thing), forgetting quite a few, and after busting knuckles for a while he gave me my money and rode away.

The kicker is that it's been a couple of years and the bike still runs, now well over a hundred thousand miles, although it's definitely not one you'd take on a long trip. I see him around town now and then, and every so often we've gone for rides together. Recently he asked me how much I wanted for the newer KLR, but I said I wasn't ready yet.

When something's not worth very much, it usually feels more important to find it a good home than to extract a few pennies from its sale. A lot easier, too. Just run an ad, wherever it is, offering a ridiculously low price to the right person. Then you can sit back and take applications from all who're interested, or just give it to the first person who responds and bask in their appreciation.

I'm serious, but you don't have to take me seriously. It's an approach that has worked well for me, and I've done it with cars, trucks, power and hand tools, books, computers....

Mark