I went to the LBS to see if they have any used bikes in my price range.
They had a Raleigh c40 (probably 2004 or 2005) for sale on consignment for $225.

The bike was in good condition and felt good riding around the block.
However, I felt it was a bit expensive.
(Fyi they charge a 35% selling fee from the actual owner. So the actual bike should be around $150).

do you guys think its a good buy?