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I priced out finding a 90s mtb frame on ebay and then purchasing all parts for it. Even buying bottom tier parts like altus/acera and some used it comes to £500. The only way to go lower is to get unbranded components direct from china. For £500 I could get a brand new bike with probably the same specs and possibly better, and also save a bunch of time, not have to worry about everything fitting together and have a warranty.