Quote:
Originally Posted by danielf
I dare you to find a new bike for £30. A half decent bike will quickly set you back £300 to £400.
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It isn't a "half-decent bike" though. Its utilitarian, which by its nature is cheap.
You can get reasonable bikes for £50-£100 online. Considering this bike has less gears etc and buying in the volume that TFL can bargin with (10,000s+) then the wholesale cost would probably be less than £30/unit as I was being generous. I can get one for £70 retail then i'm sure wholesale with mass orders and contracted support i'm sure the cost could be negotiated less than £30/unit.