I've just bought an XPC-26, that I've yet to see in person, for the equivalent of £125.
I plan to gut the battery housing and use LiPo cells from HobbyKing, which will cost me roughly the same, including various connectors.
I can use the LiPo's for other purposes, I've just put a similar pack into my Agattu battery shell, which I will report about in a separate thread.
I have not seen a pedelec put up for sale for less than the equivalent of £350, no matter how old the batteries were, so how bad can it go?
With two e-bikes and three persons in the family, bike trips were getting cumbersome for the poor one without motor.