Sounds OK if you don't mind spending that much, but if it is something you want...you'll survive if you overspend a little. Should be a good, functional type bike. Fujis are pretty decent, BTW. If you see something better later, catch a great deal, upgrade. Focus on the tires and brake pads, which might need to be replaced. If you do your own work, no problem. If you rely on a shop, plan on spending lots of cash if you aren't careful. Check to make sure wheels spin true, gears shift and brakes work...check for cable stretch (easy adjustment) and it might need a good oiling. Ask for the owner's manual and any other stuff that might have come with it..."Gee, do you still have the owner's manual..."