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$7200 sounds fair if the bike is super clean and the gear fits your properly. It may be on the high side of fair, but i'd pay a little more for something imacculate rather than something cheap thats been abused.
I ended up paying 7000, the bike is awsome and Im happy, I may have paid a tad more then I should have but at least I know my buddy bought it new and took good care of it for the first 3000 miles. I will have pics coming.