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@apollo
Well good luck with your bike purchase. £400 is not even near, you seem to have defined 'near' pretty optimistically. To be frank, I could call it what the others have, but can't be bothered to get into an argument with you.
I agree the paintjob is naff, but the last quote I had was a £100ish to get it back to the original finish. I agree its forth hand when someone buys it. The first owner barely had it for a couple of weeks, the second one - about 6 months and I have had it since then.