It is a early bike if it hasn't had a headlight relay kit like the Eastern Beaver then the ignition switch could be going bad. Personally if its the switch I wouldn't let that stop me. Maybe use it to barter down if needed. It really depends on what he is asking. Just recently there was a 05 with corbin bags and a electrical problem for sale down there in Florida they were asking 3500. Since it had corbin bags I'd say that was a great price. But ya 3k is a normal fair value for a 05/06 in my opinion.