Damn, I'm not even gonna say how much I have into my Bottecchia. More than it cost new that's for sure. Let's just say Italian stuff ain't cheap but it's what I always wanted growing up so what the heck. On the other hand I probably don't have more than $50 in my Peugeot PO8.

On the other hand I just plunked down $400 for repairs on my modern Bianchi (it's a long story for a different forum) so by comparison v&c bikes are a bargin.

Most any older bike is gonna need a few things - cables, housing, brake pads, tires, maybe a chain so you gotta figure you're gonna have to put something into it unless you're just really lucky. I would venture a bet that the typical person who sells a bike at a yard sale or donates it to the thrift store probably hasn't been maintaining it all that well. Now a bike on eBay or a bike swap might be in better shape but will probably go for a premium so either way you're shelling out a few bucks.

But with gas nearing $4/gal (and I know that's nothing for you guys in other parts of the world) it's worth having several different bikes that I will be inclined to ride instead of taking my truck. The Peugeot is going to get fenders, a rack, and panniers. That'll cost a few bucks. I wouldn't take it on the club ride but it's perfect for my commute to work or a quick trip to the grociery.

-Derrick