Schwinn used to make nice bikes...
I met a lady at last Friday's Critical Mass ride and she was riding a new Schwinn Folder... I can't remember the exact model (Tango ?) but it was equipped with derailer gears, alloy wheels, a band brake in the rear and a steel cantilever up front.
It was a pretty little bike and I just read a bunch of fairly positive reviews of them... the selling price is around $200.00
I asked how she liked the bike and she said it was fine save for it's really poor braking so after the ride we all gathered at the bike co-op and over some cold ones I looked over her bike thinking that things just needed to be dialled in and set up.
I was wrong.
The front brake was actually the wrong size for the bike (too long) and the pads were hitting the bottom edge of the rim... and there was no room to adjust the brake pads upwards.
I ended up pulling a decent alloy brake from the parts bin that was the right size and installed it and new pads and after that the bike was stopping much much better... I also suggested that she pick up some Kool Stops (we were out of stock) to really maximize the bike's braking ability.
Other than that, the bike was okay for what it was but could have used a larger chain ring as the gearing is ridiculously low.
I'll add this as another reason why people should buy bicycles at decent bike shops or if they do buy at x-mart they need a professional to inspect and set up the bike and the adverts I have seen recommend that bikes be professionally assembled.