![]() 10/27/2020 at 16:46 • Filed to: Hooptie Bikes | ![]() | ![]() |
The “saga” of my $20 bike has come to a close. But before I launch into it... lets go with a brief summary. Back in June I decided to buy some air tools and a beat up Schwinn bike. The bike needed a ton of work and I decided it would be a fun project.
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It wasn’t, but I thought it had potential.
Long story short, I ended up with q
u
ite a few bikes,
determining the bike was too small for me and ended up with another old bike that fit better. Also another old Schwinn because I can stop buying bikes whenever I want to!
Anyway, with five total bicycles at a house with only two people, I knew I needed to sell one. While I like the Varsity, of the two old Schwinns I owned it was the worst . The World had better tires, more standard parts, better shifters, and I did a better job on the rebuild.
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So the varsity went up for sale.
But first I stripped it for parts!
Namely I removed the flat bars and replaced them with the factory drop bars that came with it. I opted to wrap the new bars with some perforated fake, brown leather bar tape to hopefully appeal to the type person who might want to buy this bike. I went ahead and added in some brown hoods for good measure too. I also removed the fenders so I could fit them to my World. Lastly I took off all the electrical stuff that came with it in case I want to us e it later.
Then I listed it for sale for $175 because why not?
A man just came by and paid me $150 for it.
Total Cost
So how much did it cost me to get this old junker back on the road?
Initially, $153 plus the cost of the bike, which we’re calling $20.
Costs
Bike purchase: $20
Initial costs: $153
Trip Computer: $30
Bar tape: $12
Hoods: $12
But we also have to get credit some of the parts I saved!
Credits
Flatbar: $16
Grips: $11
Fenders: $ 25*
Brake levers: $5*
Generator: $0
Lights: $0
Sale Price: $150
*Unknown or subjective value so valuing at 1/2 replacement cost
Grand Total: -$20
All in, the bike cost me $20 to own. Honestly I’m pretty happy with that and hope the bike goes to a good home.
TERRIBLE photo of the doggos, for your time.
![]() 10/27/2020 at 16:58 |
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![]() 10/27/2020 at 17:00 |
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Anyway, with five total bicycles at a house with only two people, I knew I needed to sell one.
Let me introduce you to our lord and savior Rule #12 .
Lovely work by the way, always fun to get your money out of a project.
![]() 10/27/2020 at 17:26 |
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This is a pretty good outcome for a story that starts out with being a bit drunk on Craigslist.
![]() 10/27/2020 at 17:37 |
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It was a learning experience that netted him plenty of chances to take out latent anger on people for despising him and his choices on the internet, LOL.
![]() 10/27/2020 at 18:40 |
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I agree with this equation for cars. My problem with bikes is they’re both very small but also difficult to store, paradoxically. Also they like to fall over a lot. Like all the time. For no reason. But also I wasn’t riding this one and it seems unfair to fix a bunch of damage from neglect... and then neglect it haha.
![]() 10/27/2020 at 19:26 |
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Bingo! In college lived in a big 5-bedroom house with a roommate. 23 bikes fit on the racks in the foyer and front room . My roomy did not ride...