I paid 350 - which he said was a deal and I guess I believe him because the other new bikes in the shop went up much higher. For a first time rider in a city where bike thieves are a constant threat I thought that was potentially a poor choice but there was nothing else like it in the store. He said it was old stock and just made up a price off the top of his head I think. So I guess I dont know if its new, or an old refurbished model, or an old model that just never sold.