At that price, not a bad way to get in to snow machining. FYI, if I recall correctly, those decals look like 1995 model. May want to verify the year for maintenance and replacement parts info, there were a few differences between 1994 and 1995.
If your bent ski shock is affecting suspension travel and ride quality, I'd replace it.
Keep an eye on all of the bearings on the sled, common ones that need maintenance or replacement are on all of the wheels in the rear suspension, the bearing directly behind the secondary clutch, and the bearing directly below the secondary clutch on the tunnel that has the speedometer drive housing covering it. The last two I noted are often neglected and can cause further problems if they fail so it is worth checking to make sure they are good and if so clean them and repack with fresh grease. You can find threads on this site detailing how to do so, but in effect you pick out the rubber/metal seal without damaging it. Then you can see the internals of the bearing for inspection, cleaning, repack, and then reinstall the seal.
Keep up on chaincase maintenance; clean oil changed often some people do it every year, proper chain tension, check your brake pads while you're at it. If the chaincase hasn't been apart to clean/inspect recently, take the cover and look for contaminants, dirt, shavings, etc, replacing worn parts as needed. Note that the gasket on these can get damaged easily, so you may want to have a new one on hand, or you can make one if you have the material, and in any case I'd use some silicone sealer to help seal the cover back up upon reassembly.
Pick up an owners manual if you don't have one, they are full of helpful specs and maintenance information. Also pick up a shop manual for more detailed service/maintenance information. Both may still be available thru Yamaha or some of the advertisers on this site. You can also get a copy of the service manual by becoming a VIP member of this site, and requesting from one of the moderators. You can search for a thread on here that has the details.
One of the best things you can do is take some time to surf and search this website, it is the best on the net and you can read for days and have a lot of your questions answered. There is quite a bit of 94-96 Vmax information here but keep in mind that there is a ton more 97-up information and with a little common sense a lot of it transfers to the earlier sleds as well.
Good luck, you've come to the right place for Yamaha information!