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Though I'm sitting..."I stand corrected"
Hhmm... well, Ok... I didn't have a computer at the time and had to use a book years ago, so anyway, here's Kelly Blue Book.
Again, excellent condition, running, etc.
May 13, 2006
1978 Yamaha XS1100
4-Cylinder
4-Stroke
1100cc
Suggested Retail Value $1080
The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the unit has been fully reconditioned and is in excellent condition. Mileage/condition and additional equipment may have a substantial impact on the value shown above. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the unit's actual condition, popularity, type of warranty offered and local market conditions.
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Trade-In Value (Good Condition) $655
Trade-in Value is what consumers can expect to receive from a dealer for a trade-in unit assuming an accurate appraisal of condition. This value will likely be less than you would receive from a private party sale because the reselling dealer incurs the cost of safety inspections, reconditioning and other costs of doing business. Trade-in values are based on clean units in good condition, with all original standard equipment. Mileage/condition and additional equipment may have a substantial impact on the value shown above.
Hhmm... well, Ok... I didn't have a computer at the time and had to use a book years ago, so anyway, here's Kelly Blue Book.
Again, excellent condition, running, etc.
May 13, 2006
1978 Yamaha XS1100
4-Cylinder
4-Stroke
1100cc
Suggested Retail Value $1080
The Kelley Blue Book Suggested Retail Value is representative of dealers' asking prices and is the starting point for negotiation between a consumer and a dealer. This Suggested Retail Value assumes that the unit has been fully reconditioned and is in excellent condition. Mileage/condition and additional equipment may have a substantial impact on the value shown above. This value also takes into account the dealers' profit, costs for advertising, sales commissions and other costs of doing business. The final sale price will likely be less depending on the unit's actual condition, popularity, type of warranty offered and local market conditions.
________________________________________________
Trade-In Value (Good Condition) $655
Trade-in Value is what consumers can expect to receive from a dealer for a trade-in unit assuming an accurate appraisal of condition. This value will likely be less than you would receive from a private party sale because the reselling dealer incurs the cost of safety inspections, reconditioning and other costs of doing business. Trade-in values are based on clean units in good condition, with all original standard equipment. Mileage/condition and additional equipment may have a substantial impact on the value shown above.
perhaps you could print out the Kelly Blue Book info, along with this thread, and show it to him, might help him change his mind to a more realistic value!?
I can't remember your riding history, experience? IF you're a novice, then we could at least "give" you a ride on one! 
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