I picked up a Schwinn Varsity last fall and replaced the minimum to make it rideable (brake pads, cables, tires). Recently I needed to downsize and listed a half dozen bikes locally. A Schwinn Continental sold lickety split. So I figured if that is what will sell to make room I decided to do a full service on the Varsity. Good thing too as the grease was dry as a popcorn fart. No pitting and all the caged bearings are reuseable.