I'm looking at either upgrading my old bike or buying a new one. I have about $500 to spend on either the upgrade or a new one.
Here are the specs on the old one:
1996 Giant Sedona with Specialized front shocks. Yes I know it is old. But mostly in great shape. Frame is light, which I really like.
what I know I would need to upgrade:
1) brakes (new v-brakes)
2) shifters and brake levers
4) new chain
5) new rear sprockets
6) new front sprockets
Hopefully that is all. Would I end up with a better bike for my same money on upgrades of old or on purchasing a new?