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369 Posts
SO, let me tell a story, then ask a question. I'm looking for some constructive discussion.
Working in Law Enforcement, I work with a lot of attorney's. There is one attorney I know pretty well that took a 2000 Hayabusa as payment for legal representation two years ago. The client didn't have money, so he signed over the title to the attorney. The client owed $7,000, and the attorney called everything even. This attorney does not ride motorcycles at all, nor does he have any intention of learning how to ride.
The bike has approximately 8,000 miles on it, and has been ridden sporadically by the attorneys' 30 year-old cousin over the last two summers. He says the bike has a broken clutch lever and a few minor scrapes on the exhaust due to him trying to move it in the garage, and he let it down really nice. He says it runs really nice and starts right up. A girl I work with said she rode on the back of the bike this last summer and said there weren't any problems with it (she rides a Honda 250).
I looked up the value of the bike on NADA's website, and it says it's worth between $3,600 and $4,200. KBB says it's worth about $6,100. I've been riding since I was 16, and I'm now 29. Started out on a 1986 Honda Interceptor 700cc, went to the SV650 for a few years (until it was stolen), and have been riding a 2005 GSXR 600 for the last two years. I want to do long trips, and do not like the cruiser style of bike. What should I offer this guy for the bike?
One of my buddies MAY be interested in buying my 600, but is not going to make a decision until spring. I was thinking about buying this Hayabusa as a second bike, if the price is right. Now, you can all flame me for wanting this bike, but I'm not too worried about it. I don't really care about the power or how fast it goes, I really am encouraged to see how it would be as a touring bike.
Here are my options if I decide to buy this bike.
A: Buy it, and keep the 600. Best of two worlds (not of all the worlds).
B: Buy it, and sell the 600 to my buddy for what I owe on it which is currently $4,900 (he needs a bike since he wrecked his SV1000N two summers ago).
C: Buy it, and sell the 600 to someone other than my buddy in the spring for more than I owe on it.
BTW, State Farm said they would insure me on the Hayabusa with full coverage, collision, etc. for $21/mo. (HOLY SH!T)
Working in Law Enforcement, I work with a lot of attorney's. There is one attorney I know pretty well that took a 2000 Hayabusa as payment for legal representation two years ago. The client didn't have money, so he signed over the title to the attorney. The client owed $7,000, and the attorney called everything even. This attorney does not ride motorcycles at all, nor does he have any intention of learning how to ride.
The bike has approximately 8,000 miles on it, and has been ridden sporadically by the attorneys' 30 year-old cousin over the last two summers. He says the bike has a broken clutch lever and a few minor scrapes on the exhaust due to him trying to move it in the garage, and he let it down really nice. He says it runs really nice and starts right up. A girl I work with said she rode on the back of the bike this last summer and said there weren't any problems with it (she rides a Honda 250).
I looked up the value of the bike on NADA's website, and it says it's worth between $3,600 and $4,200. KBB says it's worth about $6,100. I've been riding since I was 16, and I'm now 29. Started out on a 1986 Honda Interceptor 700cc, went to the SV650 for a few years (until it was stolen), and have been riding a 2005 GSXR 600 for the last two years. I want to do long trips, and do not like the cruiser style of bike. What should I offer this guy for the bike?
One of my buddies MAY be interested in buying my 600, but is not going to make a decision until spring. I was thinking about buying this Hayabusa as a second bike, if the price is right. Now, you can all flame me for wanting this bike, but I'm not too worried about it. I don't really care about the power or how fast it goes, I really am encouraged to see how it would be as a touring bike.
Here are my options if I decide to buy this bike.
A: Buy it, and keep the 600. Best of two worlds (not of all the worlds).
B: Buy it, and sell the 600 to my buddy for what I owe on it which is currently $4,900 (he needs a bike since he wrecked his SV1000N two summers ago).
C: Buy it, and sell the 600 to someone other than my buddy in the spring for more than I owe on it.
BTW, State Farm said they would insure me on the Hayabusa with full coverage, collision, etc. for $21/mo. (HOLY SH!T)