Join Date: Apr 2002
Location: Mauldin, SC, USA
There are others on the board who are a lot more mechanically minded than I am, but I'll give you my impressions.
I believe 2001 was the last model year before integrated servo-assisted brakes. There are some purists who eschew the integrated brakes, making the '01 something special.
I would go ahead and change the pads and flush and refill the brake fluid while I was at it.
Some advocate drilling a weep hole to drain out brake fluid in case the clutch slave cylinder fails. Lots of posts about that if you are interested.
Another potential problem is the final drive but I'm not sure there is much you can do to predict a problem. Personally, I'm riding mine and hoping I'm in the 98 percent that don't have a final drive failure.
If you haven't figured it out yet, the stock headlight is very weak. If your prior owner did not install HID, look into that upgrade. There are a couple of vendors that offer plug-and-play low beam conversions for $75-100. Best money I've spent on the bike.
Remember that the bike has a dry clutch. Be careful not to ride the clutch too often.
The best thing I learned about the LT is to get the revs up. Lots of these bikes (mine included) have a rough spot at about 4500 rpms. Instead of shifting up, just wind it out. The engine gets a lot happier above 5000 rpms, it's like a different bike.