Why not use the sheath that is provided by BRP?
You CAN drill a hole in it... As long as you don't hit the chip!
There's also a member here who makes and sells a holder that you place over the key and then hook to a keyring...
Yeah I noticed the lack of a hole and then the "sheath" they supply. I know the worst thing you can do is have dangly keys off a chain anywhere near shiny or painted surfaces on a motorcycle.............never ends well?
Put a nice dent in the tank of my brand new 84 V45 Magna that way. All was good until I turned the handlebars and the keys got wedged between the tank and the bars!
have you ever thought about making it into a switch blade key, kinda like how cars have them? I've seen advertisements for companies that do these with almost any key. Might be a cool way to keep your key on the ring and have it look better at the same time