Join Date: Jan 2005
Location: Directly above the center of the earth
Bikes: Varies by day
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In general, yes - getting the water off your bike ASAP will prevent rusting of the steel parts. Anymore, the actual bearings are ususally fairly well sealed against splashes or rain, but even so, dryer is better.
Nishiki road bike, Raleigh road bike, Electra Cruiser Lux 7d, Electra Townie 3i, Electra Townie 1, Whatever I find today!