Whatcha think?

I'm not in a big rush, but haven't seen any used 07 Red 1100S's over the last few months that I've been casually looking. I'm stuck on 1100S and Red. I know it will take a while for the 07's to turn over. The big thorn in my side is that I know of a low mile black 07 1100S with all 3 hard bags for $10,900 from a local BMW dealer so the $12.5k Red doesn't look so hot to me. I just can't do black (I know, but it's a Ducati, it has to be red

What would a good counter on the 07 Red 1100S be?
The impulsive part of me says it's not a smoking deal but better than MSRP and a kick in the behind. But I LOVE a smoking deal.
This dealer is about 100 miles from home and there is one very close to me that would get the future service. I'm going into the closer dealer this weekend to get a price on a new 08 1100S that they have on the floor to compare what kind of discount on new might be possible.
I've been checking Multistrada.net, Ducati.ms, ADVRider.com, Cycle Trader, Craig's List (posted a wanted ad), Ebay, local classifieds and local dealer websites. Any place else I should be checking?
Thanks for lookin'
Dan