Schwinn Varsity
The Walmart Schwinn Varsity's quality is really bad off the box, but after some upgrades of the components the bike is a decent bike. I got my bike for $120 from a clearance sale. I wanted to get into road biking and noticed how expensive all the bikes are at the LBS. For $120 I can start with the sport and upgrade components and will still cost less than the cheapest bike at LBS. Here is the upgrade I did.
Used Shimano 105 groupset (XX-1055) Minus STI ****ers and headset $80 @ ebay
New Wheel Tape $6 @ REI
New seat and seatpost $30 @ Mike's Bikes (seat) @ craigslist (seatpost)
New Shimano chain $16 @ REI
New Continental Ultra Race 700c X 23 tires $37 @ Mike's Bikes
Used Shimano SPD-SL Pedal $30 @ a friend
New Schwinn 12 function Bike Computer $10 @ Walmart
Original weight was 32lbs after all the changes 23 lbs.
Total of $329 for the bike, I'll take this over the LBS bikes they sell at the store.