It's a good deal, but not a great "deal of the century" deal. Also, $1000 is quite a bit of money to put down on a first bike. If he has only been riding your bike occasionally, there is no telling if he is really going to get fully into riding when he gets his own bike. A $400-500 sora/tiagra bike would probably be a better starter bike for someone just getting their feet wet. (Just my opinion though)