Senior Member
Join Date: Mar 2007
Location: SF Bay Area, East bay
Posts: 7,663
Bikes: Miyata 618 GT, Marinoni, Kestral 200 2002 Trek 5200, KHS Flite, Koga Miyata, Schwinn Spitfire 5, Mondia Special, Univega Alpina, Miyata team Ti, Santa Cruz Highball
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I get lots of bikes from people who go through what you are experiencing. They are very happy with their new bikes and I get a new project to fiddle with. Yes, $315 might be what it is worth when you finish, but you still wont have new gearing and disc brakes. People here who do their own mechanics could probably get away with a $100 investment. If you have a nostalgic attachment to your old stead, then spend the money there. If not, go new.