hey all, I have a womens 80's(?) schwinn varsity I was planning on fixing up to use as a partial commuter to college. it's got a bit of rust, mainly on the rims. I've tried lubing it up but the rear derailleur wont hold a position and the brakes stick. I'm wondering if this bike is worth trying to put new cables on and/or replacing the derailleur, as it rides like it's got a flat even when the brakes aren't rubbing and I just changed the tubes and treads.
anyone have experience with older varsity's, are they supposed to ride like they have a flat?