well i'm in the process of making just such a thing. do alot of research before doing anything, especially legal issues. here's california for example, where i am:
- a 3 wheeler is registered as a motorcycle but the driver/rider needs a class C license aka a car drivers license. if you're in CA you're kind of SOL with this idea. other states vary but might be the same.
- check insurance. smaller engines are cheaper, and a common cutoff is 600cc for small engine sizes, though again it varies.
- all tires MUST be DOT approved, golf cart, go kart, minibike, offroad bike, etc are all useless.
-check emissions issues. i can't use a dirtbike engine on the street
i just picked up a '98 ninja 250 which should suit me just fine. my project is mainly cuz i like to build stuff, and saving gas is certainly a plus. i don't view it as a replacement for a car, and its a HUGE project also, it will be fall when you start wrapping it up most likely if not later, so it's not like you can hack it together in a weekend and be done.
i've been designing mine on the computer for months if not longer (planning the project for a couple years) and there sooo many things to keep in mind. if you have 2 wheels up front, brakes and steering rack. i'm using honda bike brakes up front and a car bake cylinder, and a mini baja steering rack ($120+s/h)
it's roughly going to be like a T-Rex, i'm gonna build a full fiberglass body and a lexan windshield