The cost of the maintenance that needs to be done will probably cheaper than a new bike (unless you go with cheap big-box store stuff, which may not be better than a 20-year-old Giant), and if you like it, keep riding it.
Also, welcome!
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--Ben
2006 Trek SU100, 2009 Motobecane Fantom CX, 2011 Motobecane Fantom Cross Uno, and a Bakfiets
Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014), 2008 Citizen Folder (2015)
Non-Bike hardware: MX Linux / BunsenLabs Linux / Raspbian / Mac OS 10.6 / Android 7
Last edited by bigbenaugust; 09-04-13 at 03:30 PM.