2000 Yamaha CW50 ignition issue

[JacobSlabach]

So my parents have not let me get my license yet and I need to get around to gets parts and stuff.  Answer: Yamaha CW50 scooter.  This is a 2-cycle self-mixing scooter that so far, I am really surprised with the power output and speed.  It reaches about 45mph since the speedo has been disconnected and has plenty of power for two riders.  Its stupid looking, but with some work and a title and plate, it'll take me around town..  My issue is this:  No key.  I bought it for $150 from a friend and he bought it from someone for $100 who wired in a switch in place of the ignition.  That guy got it form his neighbor who's renter left it behind.  The scooter will run with this switch on or off (kill switch on handlebar kills engine)  To get it tiled and a plate so its road worthy, I need to get the ignition working either by a replacement key or a new ignition.  All wires are cut to the ignition and the switch turned on the power to the signal light switch.  Also, the 2-cycle oil was leaking out the carb, through the air filter and onto the scooter.  also, it runs great, but its making blue smoke with throttle and the muffler is wet with oil.

(I have new signal lights for it btw)  So the issues I have with it summed up:

1. No key (need new ignition)
2. smokes
3. burnt out headlight-  can I replace them with LEDs?

[Ajmboy]

@JacobSlabach still got this scooter? Did you ever get it working?

[JacobSlabach]

i do actually, it works great, tho its hotwired and i never got it road legal..  but its still plenty fun just to run around and tear it up..  at some point i may sell it for parts or use parts off it for something else..