I bought my Gilera DNA 125 from a breakers. It was a year old, had about 1k miles and cost me a snip over £1k. It has two scratches and had been stolen recovered. I spent £50 on a new ignition barrel, box lock and lid from Gilera and away I went.
I put about 15k miles on that thing in nearly 3 years then wrote it off. I then made a profit from the 3rd parties insurance company too, even before I claimed the time off work etc.