I know absolutely NOTHING about bicycles, so I was hoping to get some education from or resident bike experts (read: WOY).
School is about 1.5 miles from my place and I'd like to start riding to school. I also wouldn't mind doing some LIGHT leisurely riding. I don't ever anticipate going trail riding or anything. I don't want to spend a great deal of money, but I also don't want to go to Wal-Mart either.
A friend of mine just bought a bike off eBay for $220. He said it was two years old and in great shape. New it cost around $600. That would be perfect for me. I'd rather have a more valuable used bike, than a cheap new one.
What I need to know is what do I look for in a bike. What do the current buzzwords mean? What are some of the features that would be worthwhile for me and which ones are a waste?