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I owned a 2005 12R for 2 years and I've read about everything there is to read about them all. There were a few changes between the 2000/01 and 2002/03 models, but then there were even more changes for the 2004/05 models. The difference between the 2000 and 2005 models is somewhere in the area of 135 changes made by KHI. Many will argue about looks and speedometers reading to 220 versus only reading to 185, but the newer models 2004/05, had all the gremlins addressed from the original models. They had better brakes, better clutch baskets, supposedly better aerodynamics, and even tweaked suspensions and wheelbases for better handling. The originals 2000/01 were easier to remove the top speed limiter from, but I think that 185 mph in the street is plenty fast. I would go for the 2004-2005 model, personally.
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