Road Bikes on the Fast Track

Cycling enthusiasts have plenty of great bikes to choose from -- or you can order a bicycle built especially for you.

Wander into your local bicycle shop these days -- and brace for sticker shock. The price tags on sleek road bikes might set your eyeballs spinning. The hefty prices reflect rising costs for titanium and other high-quality materials. But the truth is, cycling has found a hot market among upscale buyers looking for a truly high-tech ride. Quite a few 2006 models retail for $2,500 to more than $4,000. It's possible, though unnecessary, to spend a whopping $10,000 on a bike.

Bike manufacturers are as eager as anyone to indulge expensive tastes. But before you go out and spend thousands of dollars on a ride, think about how much bike you really need. If you just want a bike to tool around town, you can get by with a "hybrid" bike for a few hundred bucks. A hybrid -- essentially a cross between a mountain bike and a road bike -- has a heavier frame and thicker tires than a road bike. But it can be an ideal re-introduction to cycling if you haven't pedaled much since eighth grade or you cannot imagine going much further than the nearest pub or the bike racks at the train station.

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Jeffrey R. Kosnett
Senior Editor, Kiplinger's Personal Finance
Kosnett is the editor of Kiplinger's Investing for Income and writes the "Cash in Hand" column for Kiplinger's Personal Finance. He is an income-investing expert who covers bonds, real estate investment trusts, oil and gas income deals, dividend stocks and anything else that pays interest and dividends. He joined Kiplinger in 1981 after six years in newspapers, including the Baltimore Sun. He is a 1976 journalism graduate from the Medill School at Northwestern University and completed an executive program at the Carnegie-Mellon University business school in 1978.