should I buy a 2001 Malaguti?

Patrick /
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I might buy a 2001 Malaguti Phantom. The 70cc engine was installed but the paperwork has it as a 50cc. 2000km. Im buying from the second owner who wants $1200. Is this a fair price? How available are spare mechanical parts?

Im taking it for a test drive tomorrow morning. Thanks for any help.

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