Originally Posted by
dk85
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?
Sure, you should look more; but if the shop will give you a discount on the accessories you will need to add (fenders, rack, and potentially a light) than it is probably ok, but not great.
I did look at the Bike Blue Book link; you are not going to get that bike to $50-60. I do feel that, as a new rider, that you limit your search to shops or a co-op. The problem with buying used, from owner, is that to the non-expert, nearly all bikes look the same. As such it is easy to over pay or get one that is just not suitable.
Of the ones from performance look ok, just keep the necessary accessories in mind.