A Prelude is a pretty decent bike, but the rattlecan paint job pretty much ruined its vallue as far as resale. A high quality repaint and redecal would cost about what the bike is worth. Again, if it is a Prelude, it would be a good rider as is, or a donor bike. Components should be a good guide. Value is fine as a keeper, as although the bike is cosmetically challenged, it is going to perform the same, ride the same, etc.
As far as learning more about Preludes, search is your friend. There are probably hundreds of threads on the Prelude.
Schwinn World is bottom end, heavy, cheap, entry level bike. Good recreational ride. There should be a huge weight difference between these two bikes.
Last edited by wrk101; 09-04-10 at 05:44 AM.