@ ryanwood: to be fair, I added the rack, and replaced the saddle, pedals and brake levers with ones I already had. The original parts were fine, just not my taste. I paid $220 for it (asking price was $240), there wasn't much to complain about, it was in ready-to-ride condition. Bearings are good, no trouble with shifting or braking, and wheels are true and not dinged. I replaced the chain, cables, bar tape and tires. The ride is great - I have a 33-mile round-trip commute that I've started, 2x per week with goal to do 3x minimum. I was looking for a classic touring frame, this Schwinn completely met my expectations - smooth ride, nice handling even with a load on the rack. As a bonus, the bike is reasonably light - spec'ed as 24 lbs., but a little heavier with some of the mods.