How much should I pay for this?
 

http://harrisonburg.craigslist.org/bik/877302367.html

My current commuting bike is possibly going to need some expensive repairs and since I want to get a road bike anyway (currently on dept. store mountain bike) I might rather just get another bike than pay for fixing this.

Anyway based on the info in the post, what's the upper limit of how much I should pay for this?

Once I contact the guy and get some more specs I'll post them as well.

less than $100

Waaaaay less. Old road bikes are a dime a dozen. That bike is worth maybe $25.00. It was a lower end bike when it was new and consequently has no collector value. The stuff on it is marginal for real riding.

Depends on your market. In Socal, old road bikes aren't a dime a dozen. Decent ones at a realistic price are getting harder to find. Around here, that's a $100+ bike if the seller is realistic.

So there you are: 3 greatly different opinions.

I wouldn't bet on getting very accurate specs from the owner. He doesn't know know the frame size or even the wheel size.

Good luck.

Pick it up with one finger!!!

Yeah I was like alright dude

But since I may desperately need a bike just for commuting purposes I'm kind of inclined to go for it

Still if I can't get him down to a reasonable price then eff it