The thing is, buying a bike like the Peugeot from an LBS is tough, because they have to justify the parts (tensioner, spacers, etc. + however they got the bike in the first place, trade-in, bought used, etc.) and the labor.
Then they have to stand behind it like a new bike if anything goes wrong. It's not like they can just go to the manufacturer and get parts warrantied. Given all this, $250 is a 'fair' price. However, I don't think an LBS should sell a singlespeed with just a front brake, so they may have cut corners elsewhere. So maybe $150? But the wheels look decent, even tho I have no idea what they are. And the frame/ fork is probably worth in the ballpark of $100 no matter which way you slice it. I don't think anyone's getting rich off this by any means.
It all depends on where you are/ if they can give you a decent answer about why they used a chain tensioner/ what the wheels are/ etc...
I'd buy the Motobecane w/ Phil hubs/BB for $300 no problem.
Last edited by sneaky viking; 11-20-08 at 03:52 PM.