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IMO I think $1500 is too much for a rental. As far as reliability, my brother-in-law has one with about 10,000 miles on it. I would check the compression, and if both cylinders are 120 or above, I'd go a max of $1200.
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JD
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2001 Arctic Cat ZR500
2003 Polaris Trail RMK 550F(wife's)
1991 Honda Fourtrax
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