Originally Posted by rhm

Here's my new folding bike. I wanted to see what a cheap steel frame folding bike was like, and this is the cheapest one I found ($0.99 on ebay, plus $80 shipping). Heavily modified, of course: Shimano Nexus hubs with roller brakes; front hub has a dynamo built in, rear is an internally geared 4-speed. Both rims are completely wrapped in reflective tape --you can get away with that if you have hub brakes!. Reflector on rear fender has been converted to a light (there's a very bright LED in there); headlight is home made from an old steam regulator from a radiator. Wires run under the fenders. It weighs a ton, which doesn't seem to matter much. It's got about 200 miles on it by now.