Some of the non-chain local bike shops out here have a selection of used, refurbished bikes in the sub $200 range. Not only are these bikes put together by and gone through by the techs, they have good advice, too. I can't tell where you are, but a medium to large sized city should have some lbs's that can cater to your budget. In photography they say the best camera is the one you have with you. I like to think the best bike is the one you're riding. Enjoy your bike and plan for the next.