I admire the intention, but I don't really understand the value of these schemes. A used bike costs a hundred bucks or so, a good one maybe two hundred (I ride a kick-ass aluminium Trek that I picked up on eBay UK for a hundred pounds), it's going to be easier, more pleasant, and more dignified, to ride, and plus you know it's going to be there when you need it.
I think some people might be attracted to the idea of not having to store, maintain or transport a bike, especially if they don't ride it very often. And if you haven't been on a bike since you were a kid, a $40 investment probably seems less daunting than a $200 one.
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