I had an '08 Lifan GY5, too. I bought it as a graduation present to myself in 2008 and had it until about 2 months ago. I had nearly 10,000 (almost) trouble free miles on it. It mysteriously died one day while I rode it and I could not get it running again.
Not trying to worry you, I loved that bike. Glad to hear that you're having a good time, it's money very well spent, if you ask me.
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