I would pay 50 bucks for it.
edit-- and then replace it when it broke a few weeks later
Trek 4500 Disc
Taking Donations for a Santa Cruz Blur
"These Go To Eleven"
If you want to just pedal around the 'hood every now and again AND you buy it from a reputable bike shop (not a sporting goods chain or x-mart store), it'd be ok. Only ok. It's not a bike that's designed for taking off road.
If you're looking to buy it from a sporting goods chain or x-mart store, run! Read about why here.
You'll be far better off saving a few pennies and going to a bike shop and buying one of their entry level offerings (e.g. Specialized Hardrock, Giant Boulder, Trek 3700).
I had an '05 Outlook for about 2 weeks. That's how long it took me to realize I didn't want it. It's heavy, has low end components. Even when tightened to the torque specs the bars slip in the stem. Speaking of the stem it's not threadless like most modern bikes.
The MAIN reason I would heavily recommend against it is that my single experience with Diamondback (aka raleigh bikes) technical service was a horrible experience. They did not know their products well and when they did figure it out (asked someone else) the answer was "there was a production part change that wasn't updated in the calalog and on the website." The problem is that it was a full TWO model lines lower component wise.
But hey, the important part is having a bike and riding it. If it's all you can afford and there's no light of more money on the horizon go with what it takes to get out there riding..
LOL....It is the bike I am riding. I bought it a few years ago from a sporting good store. It was better than the K-mart special I was riding at the time and it fit my interest level. I will continue to ride it till I can get a feel of what I would like in a bike. LOL...I know it is heavier than most other bikes.
I want a bike that has big wheels and I can ride on the road and trails. Is there any transformation I will need to do, like after I buy a good bike, I will have to switch tires? I thought I heard of a bike that can do both, know the name of it? I don't know. I will spend this season learning about what I would like to have. Where do I start??