Originally Posted by
MapoTofu
- under $500 and good resale value (likely won't need the bike after summer; there is a rental service but it comes out to ~$480 for 3 months)
New bikes have a horrible resale value - worse than new cars. If you buy a new bike for $500, you'll be lucky to get $250 from it.
However if you buy a used bike, then someone else has already eaten up the depreciation. Look for a used bike on Craig's List or in bike shops.