I have the normal local bike, ride it a lot.
It cost $240 Bz, still works, and is 3 years old.
Looks awful, is very rusty, seat is fine, chain looks icky but moves (love that WD40), tires never blew.
This bike thing should not be a major event - buy one, ride it and get a new one when you need it. Enjoy the ride - it's so much fun!!