I recommend not getting that bike. If you are a little patient you will be able to find a much better one used on craigslist in your price range. Look for one that is made by a quality bike company such as trek, specialized, giant etc. Many of the road bikes made in Japan in the 80's are also very nice and can be found for under $200.00 with a little patience. You'll have to do some research to find out which ones are good and which brands are reputable. If you are looking at older bikes, some indicators of quality are down tube shifters (rather than stem shifters), three piece cranks, they do not usually have suicide levers, also make sure the rims are aluminum rather than steel. You'll have to study to figure out what that stuff means, google is very helpful. It will help if you are willing and able to learn how to do some bike maintenance and repairs as older quality bikes can often be made to ride as good as new with a little TLC. With google and you tube you can learn how work on a bike. If you can't or won't work on your bike, then you can get one that has recently been overhauled by a shop that sells used bikes, or a bike flipper, but it might cost an extra 50-100, still within your price range and better than the GMC.