This is a brand new bike. Purchased this bike last summer. I still owe money on this bike which amounts to $11. 81. You may transfer the loan under your name. It is fast and it has a nice ride. Most bikes get hot and when you ride them they burn either your leg or you become hot on. This bike does not have that problem. This is a great bike if you like to go for long rides. I am willing to sell it for $10. 00 and take the hit for $500. All you have to have is good credit and we could transfer all the information in to your name.