[rogestro1]

I am spending every last penny I have on a Suzuki GS500F tomorrow and would like some input. I’m paying $2,500 for it. It’s a 2006 and 7000 miles on it. It has some cool upgrades like racing exhaust. It’s been jetted and has a K&N air filter and some other cosmetic stuff. It has been taken very good care of and all maintenence was done professionally. Am I paying too much?

[briderdt]

http://www.kbb.com/KBB/OtherVehicles/PriceType.aspx?VehicleClass=Motorcycle

Check it out for yourself. After-market stuff shouldn’t enter into the equation for buying a bike (much to the contrary opinion of sellers who want to see that stuff paid for). But that’s well below blue book.

But really — a racing exhaust on a GS500f?

That’s not a lot of miles, and as long as maintenance has been done on schedule, that bike should be golden. Ask about whether it has a clear title (as in not rebuilt or totalled).

[Gary856]

I don’t know where you are nor your local market condition, but I’ve been checking GS500 prices on Craigslist in the SF Bay Area for about the last 3 years. I feel $2,500 is good and fair for an ’06 w/ 7k miles. For an older model (like an ’01) with comparable mileage could go for less than $2k, if you can find one. I recently saw an ’01 GS500 w/ 5k miles listed on Craigslist for $1,500; that was a rare and crazy deal, and it was sold within a day. A year ago, I bought my ’01 w/ 8k miles for $1,750.

In this down market for used bikes, I’ve seen some rediculously low asking prices recently on late model, low mileage bikes, for which the owners seemed just wanted to get rid of the bikes. Those “abnormally low” asking prices tend to depress the resale prices across the board.

[JtownJJA]

Your deal sounds better than mine was. I got a 2004 with only 4000 miles on it, but paid over 3,000. Of course I got mine in June when prices are higher as well. I’m still very happy with it, though. The GS500F has been a great starter bike for me. I don’t intend on getting rid of it any time soon.

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