I picked up this late 70s Peugeot UO 10 earlier this year for $40 thinking it would be a good bike for the Clunker 100 challenge. My first good bike was a Peugeot UO 10 and I've kept my eye out for one for a while now. UO 8s are a dime a dozen where I live but UO 10s are hard to find so I was happy to find this one.
I'm curious what it costs to do a complete tear down and rebuild. So I plan on using old parts but all new consumables with a complete overhaul. I should be able to keep this under budget with a $40 initial cost. That saddle has to go though. Now way I'm riding it a 100 miles.