Times are tough. Nobody gets what things are appraised at. PARTICULARLY toys.
I wouldn't let the price scare me as a scam, but I would certainly want to check it out in all other areas.
Areas hard hit are selling stuff at way less than market just to get them sold...check out Orlando, Las Vegas, etc. These people are starving and slashing prices on everything.
I am looking at an 07 M-109 here. 2800 miles...perfect bike. No issues. Clean title. Lost his job. He tried it at 10K. Forget it. 9K Nothing, 8K nothing. 7K now and I start sniffing. He has had nobody after 3 months. Lots of calls, nobody that makes an offer and nobody can get loans. I am so far the only person that has showed up to look at it.
I am about to put 6K cash in front of him. He probably won't take it.....til next month.
I am sorry times are so tough. But he isn't under any duress if he accepts that offer. If not, I wish him better times ahead.