I bought one at a tag sale about 8 years ago for $25, and later gave it to a buddy of mine. Nice, dependable bike to ride as it is because "it is what it is". IMHO...you can always put the money you would spend here on upgrades into the purchase of another higher-end bike, and keep this one on hand. If it is the right fit, you can get alot of trouble-free use out of this type of bike. They are also pretty easy to work on. Steel rims don't stop well in the rain? So, you don't have to ride it in the rain. Also, are the wheels bent? Or do they just need to be trued? Even if they are a little "bent", they can often be pushed/pulled back some while you are trueing them. "Hops" and dents can be a pain, however. Those seats were really uncomfortable. You can always hold onto it if you change it, putting it back on if you ever send it onto another owner. Looks in fantastic shape for being nearly 30 years old...probably can touch it up with Testors model paint, or auto touch-up. Good thing you saved it from being tossed. Really nice catch! Hope you get some good use out of it this summer & fall.