I would like to add my vote of encouragement for fixing this bike up. Old Schwinn's are a bit heavy but oh so comfortable to ride. As for cost of repairs it depends on what parts are missing. I would suspect that with new tires & tubes (if they are needed), new cables and grease, it shouldn't be over $50. max.

You need to disassemble the bike completely, clean everything and regrease the bearings in the wheels, HS: Head Set ( where the handle bars turn) and BB: Bottom Bracket (where the pedal arms connect to the frame). Since this is your first attempt, I would suggest you check the library or bookstore for some "How-To" info.

There are some specialized bicycle tools that will help make the job simpler: 13/14/15/16/17mm Cone Wrenches. These are thin tools and used for the wheels. The most common sizes are 15/17, but I've had to use all of them depending on how old the bike is. These can usually be had at a bike shop. Sears doesn't carry them. 6, 8 & 10" Adjustable Wrench for BB, HS, Pedals and derailleurs. A large Water pump plier 10 or 12" for the HS & BB. If you are a handy-guy, you probably have these tools except for the cone wrenchs.

It's not a difficult job. Take your time and don't over-tighten the bearings. (That's were the info books come in handy.) Good Luck!


. . .and "step through" is the English way of saying "Woman's bike" but I'm sure you figured that out already.