I have owned a Bullet 500 for 3 yrs now. The reason I bought this bike was I am biking enthusiast and like going on long rides. I wanted to buy the biggest bike available in India, hence bought the 500. There were loads of negative feedback about the bike, but most of them are related to fuel consuption.
I would say it was the best decision to buy the bike no regrets. I know the bike fuel consumption is low between 28 to 35, but it worth it. The bike provides amazing comfort and reliability. I have the bike to various places in India, including Khardungla. The benefit of the 500 over the 350 is the the extra power that it has and it helps in over-taking and slopes. I could see the difference during the himaliyan ride, I could easily transferse the ghats and water crossing. Except of toping up engine oil, I faced no problems.
Specs:
Engine; 500cc
Power: 22BHP
Negative:
Very few good mechanics.
Need regular care and maintenance.
Very expensive
Recommendations:
Check the new 500 with the lean burn engine. More reliable and has more power. Incase someone decides to buy the bike I would recommend disc brake & electronic ignition.