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It's hard to recommend to buy or not on a used bike that I haven't seen or don't know the history on. I am very pleased with mine but I have done a lot of work on it as it was not maintained before I bought it.
Brake problem can be as simple as worn pads and shoes or improper adjustment. However it can get expensive if everything is seized up and you have to replace parts or better yet upgrade to discs.
Tightening the shift lever on the shaft and adjusting the clutch (if the adjuster is not seized) should take care of the sloppy shifting.
Steering should require equal effort in both directions. Check for bent or worn parts.
Lighting is very easy to fix or upgrade as long as the stator and regulator are working fine.
Plastic that old (especially red) will be dull but easy to get shiny for a while with cleaners. New stickers cost about $80.00 a set but will wear on the sides in no time if you stand alot when you ride. Seat cover is easily replaced.
My lift and springs haven't caused any problems and a locker would be awesome to have.
Find out why the motor was rebuilt and how bad the brake problem is and use this to neg the price.
Good Luck!
 

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