well off of Kelly's Blue Book in excellent condition it is worth $3145 but you don't have that many miles on so I'd say that would be about the lowest I'd go.  Depends on how bad you need to get rid of it.

Oh yah and here's the link just in case you don't believe me
http://www.kbb.com/motorcycle/retail/2006/suzuki/s40/79454

Grips look great.  Does the windshield go with it?  I'd say maybe $2900 as a low and drop to $2800 to motivate a potential buyer if needed.  I was told by a buddy biker this week that he saw in my town a completely stock red '08 with 7K miles asking $2800.  I think that's a little low but maybe he needs to get rid of it quick.  

You know, this is the first time in forever that I've had this many riding buddies in my area that bought a new bike between last summer through this winter and are trying to sell their other bike.  I guess when the economy was still decent and gas prices were still high a lot of people made the jump.  The result is a flood of decent, less than 5 year old used bikes on the market.  I don't know if it's the same up in your area.  

As for selling, I'd find out what they may be looking for and have pics of some modded bikes available to show a potential buyer as appropriate.  What I mean is if you've got a 18-25 year-old guy that drives up in a modded rice burner with an angry bee exhaust who's looking for a bargain, show him some bobber pics.  It would likely entice him.  However, if it's an adult woman or older man, maybe show him some pics of a stock bike with bags and shield parked on a mountain overlook.  You're kind of selling the potential of the bike as well.  Just my opinion.  
 

Awesome!!!

Selling sucks.  Don't take his comments too seriously.  If he really could have gotten a great deal at the dealership, really had the money to buy and really wanted an LS650, then he wouldn't be stopping by to check out your bike.  He'd be cruising past on his new bike.  

Don't forget that MSRP has gone up this year from $4399 to $4899.  So you're asking for a little over half the cost of a new one.  

I suggest you search Ebay and watch some to see what they go for.  If you don't have an ebay account you can still search and still watch some , but, I think's it's only ten items can be watched.

hmmmm lets see if this works.....  let me know.....

Click here for the search....  Highest priced item first.....
Suzuki LS650, or S40 or Savage Search.

they are a bit off work but I got mine & my sons on!! love the chit out of them!!

You have to wait until a little warmer weather. Right now ppl are just wanting a deal, which is understandable. I got my 2005 with 1600 miles on it for 2500. It was 2nd owner so I am the 3rd. I got it in winter time.