Join Date: Jul 2005
Bikes: 1984 Trek 520; 1990s Peugeot (Canadian-made) rigid mountain bike; 2007 Bike Friday NWT; misc others
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Yes, I suppose a single speed (you can stop pedalling and coast) and fixed gear (the pedals don't stop unless the bike stops, like on a tricycle) might be slightly cheaper. If you are getting one because you want one and think it would be cool to have a bike like that, go ahead, but if you are buying one simply because it's cheaper, make sure you educate yourself. A geared bike is much more practical for most of us.
If the Miyata fits and has no terrible problems, it will be by far the most economical option. Lots of us ride old bikes and there is a bit of a mystique to old steel frames. However there are a number of pitfalls. Damaged hubs and bottom bracket (where the pedals connect to each other, can be expensive to replace. Maybe ask a bike store if it is worth restoring before you buy.
Actually, the Miyata also has the benefit that you can use it to practise bike repair skills, so it might be worth buying for that reason.
Last edited by cooker; 08-31-08 at 04:21 PM.