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Old 09-23-12, 06:09 PM
  #4  
JanMM
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Join Date: Jan 2006
Location: Metro Indy, IN
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Bikes: Bacchetta Giro A20, RANS V-Rex, RANS Screamer

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Looks as if anything that could rust has rusted. WD40 is better than nothing. Guessing that you need a new chain. The freewheel cogs are quite rusty.

Does the seat post move side to side but not up? That would be better than not moving at all but still a problem if you can't pull it up.

Appears you have a rear U-brake.

$10 is a great price in spite of any evident problems.
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