This bike appears to be in good shape and worth fixing. I did a couple of these before working my way up to better bikes. I’m also younger but prefer older bikes. They are easy to work on, usually, I Might Look Like I’m Listening To You But In My Head I’m Riding My Bike Vintage Shirt, and allow me to afford better bikes compared to buying newer, fully working ones used. It looks to be older than the 1980s. In the ’70s ‘band on’ components were more popular than the later ‘braze-on’ components. I could be wrong. The chainring looks beautiful, I’d keep most of this bike original. There is nothing on this bike that is of any value that warrants any kind of upgrade. The only value this bike has is for basic transportation or for someone to take apart or tune as a learning experience.
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I’d start with thoroughly cleaning and lubricating your bike, then I Might Look Like I’m Listening To You But In My Head I’m Riding My Bike Vintage Shirt replacing the tires, brake pads, saddle, bar tape, and probably the chain. I rehabilitated a 1970s UO-8 last year. It is easy to spend more money than you intended on a project like this, but you’ll learn a lot and end up with a nice-riding bike. A good tune-up is probably the best you can hope for. I rode hundreds of miles on mine and then switched to something simpler/more contemporary. I always got more compliments on the Peugeot though! I referred to it as the Lead Sled – and like people have said…don’t expect to stop in the rain.
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You’re giving an informative answer but nothing beyond cleaning, lubricating, tuning. And I Might Look Like I’m Listening To You But In My Head I’m Riding My Bike Vintage Shirt should be considered. On a bike like this I would not replace the pads I would just file then to expose soft rubber. I used to buy and sell older low-end bikes like this, they are for people to ride to the grocery store or to school for a few years and to leave locked up outside. They are perfectly good for that. Just inspect everything and make it safe. I think the fork is a little bent back. But when this bike is finely tuned it is like magic to ride. It makes you feel you can ride for days without getting off.
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