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Originally Posted by punky
It isn't a "half-decent bike" though. Its utilitarian, which by its nature is cheap.
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I disagree. These are sturdy bikes, not performance bikes. That doesn't mean they are cheap. They will see a fair amount of abuse and will be built to stand that. That doesn't make them cheap.
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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.
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I guess our definition of reasonable differs. Most of the carp that say Halfords sell struggles to last a year without falling apart given frequent use. That type of bike is definitely not up to this type of use.