Join Date: May 2011
Location: Northern California
Bikes: Raleigh Grand Prix, Giant Innova, Nishiki Sebring, Trek 7.5FX
Welcome To Bike Forums, Kev!
No matter what! That bike is well over ten years old. If it's chromoly steel, the age or amount of service time won't make any difference. However, if it's aluminum and it was used or ridden frequently for years, it's value should be seriously depreciated. That said, it could quite possibly have at least a few more years of service left. Therefore, I would take these considerations under advisement when purchasing. Find someone who is more knowledgeable about bikes. Have them inspect the bike, both before and after at least a twenty minute test ride. Offer $100, but bring $150 tops!