My M696 was my first bike. So I’d say no, it’s not.
But it could get very expensive very fast if you make noob mistakes so that savings of $2k can go out the window with a single tip over.
I suggest knowing yourself, your risk profile and your appetite for spending more if something goes awry. If you are innately responsible and risk-averse, then it may be something you can comfortably move ahead on. If you are hard on your things, like going fast, have a bit of a rule-breaking streak in you or have no money in reserves for fixes if something happens, then…