Old school steel here. But then, I was already in my 40s when these were new.
1997 KHS Summit-X hardtail. Bought this in 2010 on Craigslist. From the condition of it and the rest of the bikes in the garage, this was only ride a couple of times around the cul-de-sac.
I rode it on the trails a bit, but mostly bought it to turn in an Xtracycle cargo bike.
Then I bought a beater Trek 830 on Craigslist for $60. I used it for roads and trails when the weather was crap. My daughter has it at college now, so if it gets stolen, it won't bother me.
Then I found the bike I really wanted on eBay in 2013, a 1993 Trek 970 SingleTrack; Trek's top of the line bike then, and sold for $900 ($1500 in 2016 dollars.) Like new, barely used (complete with Trek branded tool bag and working cyclocomputer) for $400 shipped.
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Steve - Northern Ohio, USA
2021 Toyota LC200 - 2017 Hiker Squareback Trailer - 1958 MGA Roadster
Wandering around on occasion, always lost