I've had everything from £100 to £2500. There is a difference in ride quality, but as they say, money can't buy you happiness. Currently, I have 2 bikes. A Peugeot(cant remember what model) that my Dad gave me and saving up to restore it to its origional glory, and a Landrover Freelander Visalia hybrid. Oh, the Peugeot's a road bike. The Landrovers about £260. Never have any problems with it. Bill.