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My first Ninja 250 was a 07 model with 6k miles and salvage title, with body some plastic damage, broken steering stop and misaligned forks.
I bought it for $450 back in 2010. I took apart the front end to check if the forklegs are straight, re-aligned the front end, rode it around for broken plastic pieces for 6 months and sold it for $850 at 6k miles later when it needed new tires/chain/sprokets.
My current Ninja is a 04 model with 8k miles, purchased back in 2013 for $850.
Now it has little over 18k miles. Annual insurance is $35, I use it for my commute between NJ and NYC/Brooklyn, and on weekends between NYC and Philadelphia suburbs.
Fortunately, the lack of engine displacement doesn't limit the ability to ride the Ninja 250 anywhere for me.
I have plenty of other bikes that are more powerful and capable for different type of riding. But I will likely always keep a pre-gen Ninja 250 because of its low cost of operation/ownership.
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