Okay, I can give an opinion of the K1/K2 GSXR's.
I have a K2, I've owned it for a few years, and to be honest, I still like it better than the k3/4, and the K6/7 with the heavy and lame dual pipes. The k2 and the k5 are IMHO the best ones.
The k2's are very strong, they have some issues with higer mileage ones, notibly the anti-stiction coating on the forks can wear out, they also have thin paint, and abuse means things like chains and clutches can be worn. If the front wheel has been landed heavily too often, they can ovalise their headset bearing cups.
The K2 has an automatic choke.
The K2's, in blue and black, get black wheels. White wheels are God's punishment for never cleaning your room as a kid.
You can buy a k2 for $7-8k, but you'll be getting something ratty, with poor service history, and a high likelihood of sliding down the road at some time in it's life.
I rode a K1 a couple of months ago that had been bought for $7k. Night and day between mine and his, his rode very poorly, with poor brakes, and really awful feeling suspension.
If you're into mod's, pick up a Yoshi Tri-oval, PC3, and cam it, and you can get very good HP easily. The K2's have tonnes of torque. If you like being a monkey, you can drop a tooth on the front, or 2 or even 3 teeth on the rear.
Mine is a little worked, and tire life can be depressingly bad if you turn the bike using the throttle like I tend to.
They're fun on track days, and a giggle on the street.
I've debated buying a later one, but I like the k2 the best. I almost bought a KTM SuperDuke (took one with the intention of never returning it a few weeks ago), but the throttle control is awful on them. After riding a GSXR, you'll learn to love the finesse of the throttle.
It’s diametrically opposed to the sanitised existence of the Lemmings around me in the Dilbert Cartoon hell I live in; it’s life at full volume, perfect colour with high resolution and 10,000 watts of amplification.
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