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I bought both bikes I've bought online. One one ebay the other on cycle trader. Both times I made sure they were close enough so I could drive to them and make the transaction personally so I could inspect the bike before I handed over the cash.

If I were to buy from someone far away, I'd use an escrow service for the transaction. If you use an escrow service (make sure it is a reputable one) you are safe.
 

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I bought my EX250 on eBay. But only because it was local and I could go check it out before forking over the coin. I would be scared to buy one non local, pay to have it shipped and then have it end up being a big piece of crap.
 
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