I have the same make and model. $2kCAD is way too much. More realistically $1,200, maybe $1,500 for a low mileage bike with new tires and new battery. Worse condition, lower price.
Pros
-for me more than ample power: 0-100kph in 5.3secs, 1/4 mile 13.64 seconds at 93.65 MPH
-gas mileage: 25kmpl/60mpg
-very reliable engine: V-twin, 52 degree. Design still used in the Honda Shadow line. Nice sounding engine. Mechanic told me with regular oil changes should be able to easily exceed 100,000kms.
-Will easily start at 0C/32F
-inexpensive to purchase, insure, maintain
-shaft drive: little/no maintenance
-6 gears, including overdrive
-400lbs, so not too heavy
-nice
forum
-great commuter/second bike
-easy maintenance. Clymer's manual available
-mid controls, so more upright riding position
-charging system is really strong, so can add accessory lighting, heated equipment, etc
Cons
-probably need to replace both tires ($200), battery ($100), and all fluids. Factor these into the purchase price and discount the cost.
-for long distance touring not as comfy as a larger bike. At 100kph the bike is at 4,100rpms. Redline is 9,500RPMs. Add a windshield for less wind buffeting
-only sold between 1982-'86. The Honda Ascot VT500F uses the same engine and frame sold from '82-'83. Not a hugely long production run, but sufficient replacement parts one eBay.
-a mild mannered bike, maybe a little boring, if you ride at legal speed limits. Can easily exceed all speed limits.
-small gas tank: only 12L
-stepped seat does not allow many variable seating postions
-side covers difficult to find, expensive to replace
-few bolt-on chrome accessories
I have one. I like it. It's reliable and rides nicely. It was also cheap to buy, maintain and insure.