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if it has been maintained, then it "should" be fine. If its the 106k mile bike that I think that you are looking at (black with orange seat), the sub frame is bent, which is pretty easy to bend back by chaining the whole bike down to the floor and pulling on the subframe to get it back into shape.
then there is everything else.... but if the price is right, say less than $1500, then its probably worth it provide the engine isn't completely spent.
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