The "tick" should be fixed by a Yamaha recall, so I wouldn't even worry about that as an issue. The only other complaints with the Gen 1 are heat issues(you live in Canada, those will probably be welcome) and alternator output(which may be a concern depending on how many farkles you want and if you want heated gear).
I wouldn't shy away from one though!
>I lived through the "ticker generation," and unless I've missed something that happened later, there was never a recall for that problem. Yamaha never officially owned up to it, although it did repair them if the dealers were on board and advocated for the customer. I will also say that this Board was responsible for diseminating a lot of info that people with tickers used to convince dealers to stand behind them. If you do a search you'll come up with plenty of info.
>Yamaha did do a recall for melting ignitions.
>There were far more non-tickers than tickers, so you pays your money and takes your chances.
>I had an '05 that started exhibiting ignition problems, although I didn't know what it was at the time-it became known more widely a bit later and the recall fixed it. Brodie's ignition relay also fixes that problem.
>If you watch (and listen)to a video on Dale Walker's Holeshot site (the audio with the video actually)you will clearly hear the "tick" so you'll know what to listen for. You could also spot the beginning of trouble by looking into the exhaust ports-if you find evidence of oil you probably have a ticker.
>Despite all the above, the 1st Gens are great running bikes and far more did not have problems than did-I still miss my '05. If I had money to play with, I'd get another if the price was right.
>I actually installed NOS on my '05 and it ran great with no problems.
I'd say give it Hell-grab one if you can-