I'll chime in that I wouldn't repaint that Bianchi not because of the speed of the color, but unless you have some connections to get the frame properly repainted you can easily drop $100 on paint and decals maybe more. Unless it looks much worse in the pictures it probably has a nice paint job. You can clean it up and wax the paint and it will look pretty sweet. Obviously its your bike and you can do whatever you want, but I would say at least ride it for a while and make sure its the right size and what you like before you take the time and money to repaint it. Its a pretty nice bike and you should thank your friend for giving you something so nice. Put it another way the money you could spend on repainting this bike you could buy a 2nd bike or if you look around a whole fleet of bikes. LOL If you are actually going to commute on this bike red is a pretty visible color . Thats a bonus and this is coming from someone that does like black bikes. The fastest bike I have is a road hazard gray Lemond Road bike. =)