I've got it, but with a 3 speed.

Without the fender, it folds up fine. Except, I find that when pushing the seat all the way down to the fold-up position, it helps to tilt the bike a bit away from the handlebar side, don't know if that's because I don't have a fender or not. It seems to help the front wheel settle onto the chain stay and not bind against the seat post, as the seat post is trying to slide down.

When the bike is in the folded up position, it leans a bit towards the rear wheel side. The rear fender wheel isn't there to push it up an inch or so to make it level. So when folded, it can tip over easier, toward the rear wheel side. But you get used to that and it's not a problem. It also doesn't roll as well, when on the easy wheels, since it's leaning a bit, but this doesn't matter to me because I never roll it on the easy wheels anyways, if I have to move it and it's folded up, I carry it.

I took the dorky looking reflector that's on top of the front brakes off. Changed the bell. Put on a mountain bike handlebar, and grips. I put an extension on the stem to raise my handle bars up a couple of inches because I'm tall and as you can see I have the seat up high with a telescopic seat post.

The bike definitely looks way cooler, sporty and streamline. I get a lot of people come up to tell me how much that like it. Kids and teens also speak out when I'm riding by and say "cool bike" or "I like your bike", etc.

I think the 3 speed is the best for simplicity, and won't order it any other way, but then that's just my opinion. I have a low gear for when I need it. I regular gear for when I'm going slow in a crowd or up a slight hill. Plus 3rd gear is great for cruising on flat ground, a straight-away or down a hill.