I know the S40 isn't a homegrown, but I hoped maybe the Schwinn experts here could tell me what I got? I picked up an S40 couple days ago, dirt cheap. During disassembly I noticed the parts seemed kind of cheap, which made me think the frame is cheap? Took awhile to get it apart. The bottom bracket was rusted in there pretty good. After lots of PB Blaster I managed to get it out.
So my question is, are those frames worth building up with quality parts? The frame looks nice now that I got it washed up. Paints chiped up though.