What's wrong with the Schwinn? Find some aluminum rims, a cheapie freewheel, rip off the derailleurs and related junk, strip off the outer chainring and you've got a single speed that's pretty indestructible. If you just "cammed" your car certainly you can convert the old Schwinn into something cool. You buy a fifty dollar bike instead and you'll still have to do all of the above except maybe buy rims (but count on the needing truing/etc at that price).

furyus