The safety system here is flawed as hell. One of the cars that I bought passed safety even though it had a gas tank leak as I found out as soon as I filled it up past the seam. That's why I don't lay much hope in that piece of paper.
With that being said, Ted looked over my bike pretty well and after giving me the paper he also told me that I'd certainly need to replace the rear tire within 2000km, the pads were on their way out but that they should last me the season and that the chain won't last me more than half the season. He was dead on, on all 3 counts. The only safety issue that he didn't catch was the brake pedal light switch that died on me 2 seasons later, but I don't think it would be fair to blame him for that
In all his other dealings with me he has been honest to the point of generosity. The community will be a lot poorer once he retires, jumps on that old BMW and rides off into the Florida sunset.
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