Too Fat for This Sport
Join Date: Apr 2009
Location: Northern California
Bikes: 2011 Cannondale Supersix
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You have to look at the bikes in person. I would recommend saving up some more cash and purchasing a slightly used aluminum frame (2003-present).
That said, I did make a "steal" purchase on a Centurion Ironman Expert for $25.00
$140 for a 1990 Miyata 721a
Both amazing deals and amazing bikes. You can score a good deal on an older bike, but it will take patience and a lot of rejection. You need to be vigilant and know what to look for. Downtube shifters are something to look for on older bikes.
I would pass on both those bikes at that price point. Just my opinion though.