+1 Not a Paramount, really misleading ad IMHO. It has the model number right on it: "354". This is one of the aluminum frame models of Schwinn. Myself, I am not a big fan of these bikes, and the components are nothing special. All in all, probably worth the $225 mark, but is it what you want?
This bike is a 1991 354, which is the lowest bike in that aluminum frame product line. Fortunately, it is the only one with a standard seat post, a huge plus (funny the higher end bikes in this product line have the impossible to find and hard to adjust quill seat post).
Schwinn closed the Greenville plant October 1991 (Chicago plant closed in 1982).
If I was looking for a Paramount, on a budget, I would look for one of the Asian steel models. I have a Series 3 (made in Taiwan) and a Series 5 (made in Japan). Bought the Series III earlier this year, off ebay, delivered to my door, for $230, in fantastic condition.
Last edited by wrk101; 11-18-10 at 03:25 PM.