OK, I want to talk about my NEW BIKE!!!

[DebW]

I'd love to try to do it myself. Maybe YOU can talk me through it.

What you should do is tear it all down, keeping careful track of the parts, and re-grease the bottom bracket and the wheel hubs. Get all the rust off the aluminum parts while they're off the bike. Get new cables (and housing) if needed.

Hubs, bottom bracket, and headset need to be disassembled, cleaned, and repacked with grease. If the grease is 80s original, it's not really grease anymore. I can walk you through that if you want. You'd have to buy some tools, but bike tool are pretty cheap. If the cables look old, replace them. Brake pads too.

Popukui Nui is the expert here on derusting and restoring frames. She helped me with my 1955 3-speed. I've now derusted and treated 2 frames.