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post #1 of 9 (permalink) Old 07-18-2013, 09:15 PM Thread Starter
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First bike on a budget

Hey I read the stickies and I'm looking for the best bang-for-the-buck bike.

Dream bike: F4i but it's impossible to find one for under 3k and I feel like I'm not experienced enough for the inline-4 600cc SS.

My budget - $2,000. Preferably under $1500 as this is my first bike.

I've been eye-balling a lot of ninja 500r's on craigslist. Seems to be the best value.

Is this is a good deal? '94 Ninja 500r with 22k miles for $1500. I'm trying to get him down to $1300. Everything seems to be in working order with no signs of being laid down also has a Hance and Vines exhaust but I'm not really into that.

I'd consider expanding my budget to something under $3000 for a Ninja 650r or SV650. Think it's worth shelling out the extra dough? I heard the ninja 500's really don't depreciate, is that true?

Thanks in advance for the help

P.S. just a college kid using it for commuting and various other stuff. Not a ton of highway use.
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post #2 of 9 (permalink) Old 07-19-2013, 07:35 AM
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I paid 2250 for my 07 EX500 with 7k miles, which while not a direct comparison, gives you some haggle room I think. Is gear included in your budget?
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post #3 of 9 (permalink) Old 07-19-2013, 08:35 AM Thread Starter
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Originally Posted by acmoto View Post
I paid 2250 for my 07 EX500 with 7k miles, which while not a direct comparison, gives you some haggle room I think. Is gear included in your budget?
2250 sounds like a good deal for an '07. What would you pay for a '94 in pretty nice condition and how worried should I be that this bike is 20 years old?

budget is for the bike only. I already have a cutoff, cargo shorts, and flip flops.
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post #4 of 9 (permalink) Old 07-19-2013, 08:35 AM
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Quote:
Originally Posted by elliott View Post
Hey I read the stickies and I'm looking for the best bang-for-the-buck bike.

Dream bike: F4i but it's impossible to find one for under 3k and I feel like I'm not experienced enough for the inline-4 600cc SS.

My budget - $2,000. Preferably under $1500 as this is my first bike.

I've been eye-balling a lot of ninja 500r's on craigslist. Seems to be the best value.

Is this is a good deal? '94 Ninja 500r with 22k miles for $1500. I'm trying to get him down to $1300. Everything seems to be in working order with no signs of being laid down also has a Hance and Vines exhaust but I'm not really into that.

I'd consider expanding my budget to something under $3000 for a Ninja 650r or SV650. Think it's worth shelling out the extra dough? I heard the ninja 500's really don't depreciate, is that true?

Thanks in advance for the help

P.S. just a college kid using it for commuting and various other stuff. Not a ton of highway use.
$1300-1500 seems like a reasonable price for a good condition 500. For another data point, I paid $1700 for my 03 in pretty good shape, but with a dent in the tank and some other small imperfections. With a bike at that year, as long as you don't wreck it, you probably will see about zero depreciation.

Pretty much any exhaust other than the stock one will result in a loss of power in exchange for more noise (which rivals that of a lawn mower). I love that bike, but sound is not it's strong point.

Personally, I wouldn't bother going up to a 650, even though yes, they will be a bit better bike. You'll probably pay half as much for the 500, which is important when you factor in gear, taxes, any repairs that might need to be done, etc. Things just kind of add up.

It's a great bike.

Also, the second gen 500 started in 94, make sure it is a second. It'll have 17 inch rims if that's the case. There's a few internal weakpoints to the first gens.

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Originally Posted by elliott View Post
2250 sounds like a good deal for an '07. What would you pay for a '94 in pretty nice condition and how worried should I be that this bike is 20 years old?

budget is for the bike only. I already have a cutoff, cargo shorts, and flip flops.
Huh?

Last edited by mpusch; 07-19-2013 at 08:39 AM.
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post #5 of 9 (permalink) Old 07-19-2013, 09:22 AM Thread Starter
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That was joke, but no gear is not considered part of the bike. I'll buy the gear after I buy the bike.

Thanks - that's really good to know about the 2nd gens I'll definitely make sure it's 2nd.

So if he sticks to his guns at $1500 - would you guys walk away? Would resell in a year or two come close to $1500? Also, the bike is not inspected (he says it expired in June of this year). I have no reason not to believe it would pass inspection. Everything looks fine. 22k miles in the bike's 20 year existence means it was really lightly ridden, right?
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post #6 of 9 (permalink) Old 07-19-2013, 10:06 AM
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Quote:
Originally Posted by elliott View Post
That was joke, but no gear is not considered part of the bike. I'll buy the gear after I buy the bike.

Thanks - that's really good to know about the 2nd gens I'll definitely make sure it's 2nd.

So if he sticks to his guns at $1500 - would you guys walk away? Would resell in a year or two come close to $1500? Also, the bike is not inspected (he says it expired in June of this year). I have no reason not to believe it would pass inspection. Everything looks fine. 22k miles in the bike's 20 year existence means it was really lightly ridden, right?
Wasn't sure if you were joking or not

Regarding the price, it depends on your location and the availability of choices in the area. Obviously if there are a number of bikes for sale that gives you flexibility. I'd think if he's asking $1500 that there's a bit of wiggle room in there for you, but not more than $100-200 bucks like you said.

If you can, have a friend with a license test ride the bike. Make sure the brakes aren't shot, clutch feels good, engine isn't making any weird sounds. Ask when the last service was (valve clearance check). I didn't look hard enough on mine and missed that the belly fairing had a crack in it. Not a deal breaker, but good to know ahead of time.

These bikes are past the point of depreciation basically, and are a function of condition more than anything else. If you take care of the bike and do the maintenance, I'd be suprised if you lost any money on it.

Also, check out EX-500.com. Tons of info on the bike.

Last edited by mpusch; 07-30-2013 at 08:34 AM.
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post #7 of 9 (permalink) Old 07-30-2013, 07:52 AM
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If you keep your eyes open long enough you'll find a deal just have to be ready to jump on it when it comes.
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post #8 of 9 (permalink) Old 07-30-2013, 08:54 AM
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I think that 500R for $1500 is a decent deal (even better if you can get him down to $1300). I wouldn't go any bigger than that though, especially if you're trying to keep the cost of the bike low. Keep in mind you still need to spend money on insurance, and I would take any savings you get on a deal on a bike and put it towards good protective gear.
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post #9 of 9 (permalink) Old 07-30-2013, 09:01 AM
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One of the things people sometimes forget is that it's not always the size of the engine that matters because some bikes have very linear throttle response and will not throw you up on one wheel and that is ideal for someone learning. Almost any bike has enough power to get you in trouble no matter how good of a bike it is.

To me, the most important things for a starter bike are comfortable riding position to learn. Ability to be comfortable regardless of where your feet end up, if they're tip toed but you're comfortable then it's all good Lastly, how linear the throttle response is.
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