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I'm going to go look at this little bike this weekend if I can fit it in. I've always liked the look of these older folding bikes and my kids both love them. I know nothing about folders and would love any suggestions on things to look for.
http://denver.craigslist.org/bik/2347720322.html
Well, its not a folder, its a small wheel bike (looks just like a folder, but it does not fold up). Several manufacturers made both styles. Note that it needs some minor work, does not sound too serious. Good chance to replace that plastic RD with something better.
Very complete, with front and rear racks, chain guard, lights, etc. And appears to be really clean. Given the age of the bike, that makes this one more desirable than most of the folders I see. It would take some time to accumulate all of those parts. Well worth the price as long as you don't mind the lack of folding function.