Half a year ago I started to use again my old Schwinn Woodlands MTB for commuting. I didn't want to spend a fortune on a new bike, I wasn't certain that I would like to bike commute daily.
Bike has kinda old equipment: screaming Shimano cantilever brakes and Shimano SIS derailleurs (48-38-28, 14-28). Steel wheels. Highest gear is too slow for me. However, the good old heavy CrMo frame is comfortable.
Since then I used the bike a lot mainly for commuting, touring. Now I'm at a crossroads. I'm thinking of buying a new bike (brand new or used) or re-equipping the old bike. I would like better brakes and a bigger gear ratio on a workhorse.
If I buy a new bike, I would probably choose a new or used Merida Crossway 100D /Speeder/S-presso. I think a trekking bike would be better than MTB because of speed. I've tried a Crossway but at first it was strange, although I loved the big gear ratio and disc brakes.
If I would reequip my bike, I would use Shimano Alivio V brakes (maybe with red/blue Ritchey brake pads), derailleurs and shifters and 7-8 level sprockets. I also need to change wheels.
My dilemma is that is it worth to spend half price of a used bike to my old bike? to reequip? Or is it better to sell it and buy another (new) bike. There are used bikes with quite acceptable prices.
2012 models are on sale nowadays, although I'm a bit skeptic that I really need a brand new bike.
What do you think?