If you don't mind a bike with odd bits bolted on to it then that's fine. Changed engine? Different lights? Re-sprayed? Odd wheels? No problem, you're going to customize it anyway. (Please, not another awful cafe racer made up of Chinese parts from eBay- noooo!). Perhaps you want a cheap run-around or, a longer project and are thinking of a full restoration. Whatever the reason for buying a KH125, don't get sold a pup by paying straight and original L1-EX prices for something that should be a low cost mongrel. Here's a little guide to what to look out for and, the first thing you should do is read the model pages on this site to get an idea of what the bike looked like back in its heyday.
NOTE: as KH125 K series bikes begin to reach 40 years old owners will want to claim classic status, exempting them from tax and an annual MOT. If a bike has been 'substantially changed' from when it was made, difficulties may occur. So, you may want to think twice before buying a 'bitsa' or creating that (cough-cough) cafe racer. Check out the government website for more details.
Potential buyers of KH125 L1-EX's need to be aware that there are a number of long standing scams based around this version of the bike. Don't get caught out as a number of 'bitsa' bikes, i.e made of various bits, regularly appear on eBay, Gumtree, etc. (Check the L1-Ex page to see what it is supposed to look like and continue reading). If it's being sold as a 'look-alike' and the price reflects this, no problem; if a mongrel bike is being sold as a premium priced straight and genuine L1-EX, then that's a con.
First check the V5 owner document; that the model number is a KH125 L and not KH125 K. Check the V5 number against the frame of the bike, that the number matches the white tag on the frame stock located behind the forks, just under the clocks - remember to look for the 'L' designation, for example, KH125L000123. Also check that the engine number on the V5 is the one on the bike and it is within the correct number range listed below. (The Cobalt Blue K3 can be passed off as an L1-EX - don't be fooled, the frame number must have an 'L' and not a 'K').
Next, are the alloy wheels there? The main scam is that a real L1-EX model is being sold with spoked wheels instead of the original alloys. Unscrupulous sellers put on common spoked wheels and sell off the alloy wheels separately as they can bring good money (the alloys fit the Kawasaki AR125 and the KH100EX as well). These alloys are hard to source and are very expensive if they're missing, if you can find a pair that is - hen's teeth.
Are they the correct alloys? I've seen a front end conversion that allows wheels from something like a modern YBR125 to be fitted. The real alloys are marked as follows: 5 straight (not curved) spokes, with Made In Japan, Kawasaki and J 18x1.40 DOT, F-1098 (front) J 18x1.85 DOT, R-1099 (rear) cast into them. The wheels originally had black paint on the hub and the central part of the rim where the five spokes meet it; the edge of the rim and a raised edge down each side of the spokes were left unpainted alloy. Expect this paint to be chipped or faded, it's an easy job to repaint by hand with a small brush.
L1 side panels should have EX on them - but these can be sourced second hand and crop up online frequently - if everything else is correct but a panel or badge is missing, fine, but DO NOT BUY if just the badges are there but everything else is wrong. The panels are the easiest thing in the world to swap and the laziest scam is just to put EX badges/panels on the side of a K-series bike - I've seen a few being offered as 'rare EX's' for stupid money and they are nothing of the sort. Just because the badge says 'EX' it doesn't mean it is - in fact, from what I've seen lately, presume the bike is a 'wrong un' from the start and go through everything to prove otherwise.
The following information (except about the spoked wheels) also applies to an L1-Ex.
Again, check the frame and engine numbers on the V5 against the engine and frame numbers on the bike. Are they right for the stated model number against the list at the bottom of this page? Has the engine been replaced? This might not be an issue for you but it's a bargaining point for price.
Is there more documentation with the bike? Old MOT's, tax discs, owner manuals or even an original warranty/service booklet with model details inside? Does everything add up? Is the mileage right? Scuffed and faded engine case labels but low mileage clocks may mean some thing's not right.
Check for a solid front mud-guard and bracket as they can be a pain to get hold of and check for rot under the rear mud-guard where it meets the plastic insert (rear guards are easier to source). Also check for rot around the battery box and on the swing arm. If possible take the seat off and check that the regulator/rectifier is in place and that the seat is in good condition (seats and covers are available though).
The 6v systems are pretty weak but they should still work and the 12v systems are better for lights etc (12v from K7 onward - everything before should be 6v). There are indicator, neutral and high beam warning lights on the instrument panel and the ignition can be turned all the way to the left past lock to switch on a parking light (it's visible in the headlight, don't switch on and leave by accident!). The clocks should be lit when the lights are on too.
Check for pitting on the forks and be suspicious of forks covered by non standard gaiters. Don't worry too much about the shocks, the plain black shocks (or the non-standard chrome topped ones) can be sourced new and cheaply with a bit of hunting around.
Do the keys fit the ignition, tank lock and helmet lock? (The helmet lock is located on the right side between the side panel and shock - this lock is used the least and should be pretty original). Many tank locks have worn over the years and can be opened with almost anything; new barrels for everything on the bike may be a problem so you might end up with two keys if you have to replace ignition or tank locks, which is a pain.
A common problem is the snapped kick-start shaft - make sure the kick-start lever hasn't been welded or bodged onto a broken shaft. A new shaft is both hard to source and involves splitting the engine to replace. The exhaust needs to be right too, it should have KH125 stamped into it, as long as it's solid it can be re-chromed but they are difficult to find in good condition if the one you're buying is rotten.
Check for tank leaks and the general condition of the paint and bright work. The side panels are often cracked around the screw holes and the inside upper bracket lugs broken (panels can be found second-hand); the grab rail is often removed for some reason and can go walk-about; wheels can have broken spokes and are prone to rust; the head light rim is thin metal and can suffer rust; indicators & stems should be chrome (rear stems black), look out for evidence of the bike being dropped by scuffed, bent or replacement indicators; finally, the chain guard - check it's the right type, the K1, K2 & K3 had fully enclosed guards, later models just a chrome upper section.
A ropey paint job or chrome on a 1987 Sunbeam Red or Ebony K4 can easily be made to look great by getting bits from a mid-1990's K9 because, apart from the electrics, they're the same bike with the same colour scheme. If you want to go the whole hog, paint and decals can be sourced or re-done by specialists but it won't be cheap, so too re-chroming of parts. Maybe it'll be worth it in a few years.
As for engine and gear box, there should be some blue smoke coming from the exhaust when revved and there shouldn't be any horrible noises from the top end. Check that the 2-stroke oil bottle is there (view hole in right panel) and that two cables run from a silver cable splitter with one cable entering it; the choke is a thumb switch on the left handle bar and should be connected. The choke and accelerator cables run into a black 'boot' above the right-hand engine casing held in place with a metal spring-like band. This 'boot' covers the carb and should have a little rubber adjuster screw in it - the whole thing should be airtight. However, the 'boot' often shows signs of tampering where owners have tried in vain to adjust the idle. Look for missing adjusters, split 'boots', missing metal spring-bands and general shoddy tampering - all of which will tell you that the carb needs a clean or a rebuild (parts available).
The engine oil level is checked by a screw next to the kick-start - the oil should be up to the hole. Needless to say, it should go through the gears Ok and that the green neutral light should work on the instrument panel.
Don't worry about things like shocks, tyres, chains, sprockets, batteries, bulbs, cables, air filter, hoses, brake pads and indicator lenses etc, they can still be sourced new. A brake disc will be fairly expensive if you can find one. While I like my bike original, I did buy an engine bolt set that replaced all the engine case bolts and screws with a stainless allen head set - much nicer and easier. A future project is to replace the rubber front brake hose with one that looks similar but is fully braided.
The frame numbers for each model comes from two sources, the rear of the official workshop manual that lists the frame numbers for K1 to K7 and the Kawasaki microfiche that were used by dealerships to identify models and order parts etc. As the workshop manual doesn't list engine numbers, the only engine number information I have is from the Kawasaki microfiche.
K1 & K2 - from KH125K-000001
K3 - from KH125K-001601
L1 EX - from KH125L-000001 (note the 'L')
K4 - from KH125K-003001
K5 - from KH125K-004030
K6 - from KH125K-008901
K7 - from KH125K-013501
K9 - from KH125K-015001
K10 - from KH125K-017001
K1, K2, K3 & L1 - from KH125DE-007501
K4 - from KH125DE-011501
K5, K6, K7, K9 & K10 - from KH125DE-014293