yeah-- thats a decent price. I bought a new Yaesu FT-60 for a little under 200 bucks with a charger. If you got all the accessories, radio etc for 80 bucks, you got a deal. The vertex/yaseu radios last forever (granted you dont leave it on top of your car and drive on the freeway with it... which i did with a vertex radio about 2 years ago). I am a diehard Vertex user. I work in EMS and also in a Machine shop and my radios get dropped and beaten to hell and back, and also get splashed with WD-40 and other coolants in the machine shop. Just take care of it and it will take care of you.
The only thing you might be concerned about is the batteries. It utilizes AA batteries from my recolection. If this is the case, spend the money and get HIGH quality lithium or NiMH rechargable batteries. Yea, it might cost you a lot in the short run, but you will end up saving a TON on money by not having to constantly buy disposable AA batteries.
I have a ClamShell (dummy battery pack that is loaded with AA batteries) for a back up incase one of my vertex commerical radios goes out while i am on the job. It is always loaded with the NiMH batteries.