Carpe Velo
Join Date: Dec 2011
Location: Fort Worth, Texas
Posts: 2,519
Bikes: 2000 Bianchi Veloce, '88 Schwinn Prologue, '90 Bianchi Volpe,'94 Yokota Grizzly Peak, Yokota Enterprise, '16 Diamondback Haanjo, '91 Bianchi Boardwalk, Ellsworth cruiser
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Only if you can get the parts very cheap. Most of these Walmart Schwinns run about $150, maybe $200 for some of the higher end models.
Check Craigslist, Ebay, swap meets and if you have a bike co-op, look there as well. You may also be able to find a cheap donor bike at a pawn shop. There is also the "for trade" threads right here on BF. You want decent quality but not high end parts. The kind of thing that might be found on the lower end bike store bikes.