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It can only be new once. It's used albeit with low mileage and in "like new condition". Sounds like a scam. He wants to sell it but he'll finance it. Essentially, you'll have the bike registered and titled in his name. The lien clearance would still be held by the original lien holder. I'd tread very carefully. Kind of like a sub-lease without the landlord's knowledge or approval.
Kev, Good point, I can see that happening. The ad has just been up for about two hours though. What really surprised me was the "$15,000" original purchase price claim.
On the mileage and month he may have started to advertise it in June when it had 800 miles on it and he's blocked/copied and reused the add a few times since then, updating the mileage on the form he fills out for Craigslist but not bothering to touch the text of the ad....