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Hi Mrkump,... I wouldn't put $500 into a $500 bike, UNLESS 1) You've studied it throughly, AND it makes viable economic sense. These bikes offer a low return on economic investment, and often only make sense to fix if you do the labor yourself.

In the General Section of the Forum, -Quick reference material for new members 'there is a reference to Used Bike Evaluation. (costs and systems to evaluate and general costs)'

If you evaluate the bike (using that information) you'll decide if it makes economic sence. Good Luck
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