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Hey /n/, newfag college student here;
I picked up a GMC Denali road bike from a garage sale for $20 2 years ago. I put a bit of effort ($40 in parts and some labour) into fixing it up (polished a turd, really), but it's starting to go. Hubs, bottom bracket, and headset are fucky. Bike shop quotes me at a $175 overhaul, essentially the MSRP of a new one. I personally estimate that I'll only be able to get another 6 months, or maybe until the winter, before it'll effectively die.
I'm eyeing another bike a student is selling: it's a Schwinn Sport Lmtd, listed at $200. The shop said that if I wanted, I could have them inspect it before I buy. It does look in good shape, but here's my question:
Do I go ahead and purchase the new bike, provided it's in good shape? Or do I wait until the life of the bike ends and then start looking?
If I buy the Schwinn, what should I do with my old one? I don't exactly have room to store it, but I could part it out for spare components and I guess scrap the frame or something. I'm planning on switching out the treads: I have a set of Schwalbes Marathon plus's I'd rather not lose. Or should I just sell the GMC for probably $50?
>Pic related, it's the scwhinn