Road Bike or Tri Bike
I'm a newbie on a budget. Right now I'm riding on my old 1992 Schwann CrossCut. I'm saving up for a new bike, but I don't know what kind of bike to buy. I'm looking at Tri bikes and at road bikes. But there are so many choices!
My goals are two Sprints and an Olympic this summer, a 70.3 next summer. Then maybe, just maybe, an Ironman in 2018. I want something that's going to grow with me, but that doesn't cost $7,500. Maybe around $2,000-$2,500?
I know this is probably well-trod territory, but any advice would be welcome.
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An aero road bike can now provide a lot of the benefits of both types of bikes but if it has an integrated seat post (most certainly will) then it could not accept a Red Shift seat post which allows you to change on the fly while biking. Or you could just get a road bike with a reversible seat post and flip it for your triathlons so that you are in the correct position. Whatever you do, if you aren't in the aero bars then it really doesn't matter. Your position is what drives drag.
You have a fun situation. Coming from a '92 CrossCut you will see a huge technological improvement even well below your budget.
I think you need to ask yourself the question of what type of riding you will be doing and want to do. If you want to participate in group/social rides you would want a road bike but if you will be focusing on and training for triathlon solely you definitely want to go for a triathlon bike.
You could do a road bike with aerobars which for a sprint or even Olympic is doable but once you get up to long course (70.3 and IM) you will most certainly want a triathlon specific bike.
At $2-2.5 you have plenty of options. My recommendation would be to look for a good, used bike that has (or gives you room in the budget to buy) a powermeter. The powermeter will be key to getting the most from your training. I've had very good luck on eBay. If you are patient for the right bike and price you can get great value.
Here are a few examples that fall well within your budget
http://www.ebay.com/itm/Trek-Speed-Concept-TT-Triathlon-Bike-with-Stages-Power-Meter-UPGRADES-/281957909990?hash=item41a60045e6:g:nsYAAOSwAuNW3f2b
http://www.ebay.com/itm/Specialized-Transition-S-Works-Triathlon-Bike-Stages-Power-Sz-Medium-/131770800754?hash=item1eae26da72:g:JB0AAOSwGOxXAVm9
http://www.ebay.com/itm/Felt-DA4-Bike-56cm-Bontrager-Aeolus-Wheels-Quarq-Power-Meter-Di2-Components-/191835780784?hash=item2caa4db6b0:g:5h8AAOSwzvlW9sNe
http://www.ebay.com/itm/Cervelo-2006-P3C-Carbon-54cm-Triathlon-TT-Bike-/182112686438?hash=item2a66c31166:g:xv0AAOSwAvJXCSsW
So, I ended up loving road riding, training and the bike. But, I never found that group of riders I was hoping for. Then, I did my first triathlon and loved it! I also could not help to notice that at that first race that the majority of podium finishers had a nice TT bike (podium may not be your goal, but it was mine). Knowing that I was training on my own most of the time (btw, you can for sure ride a TT bike with a few others around), and getting the triathlon bug (ended up doing 3 sprints, 1 Olympic and a 70.3 last year), I ended up buying a Cervelo P3 (with power meter) 2 months later.
The good news is that I have 2 bikes I really enjoy, the bad news is that for my purposes, I could have saved lots of coin just going with the TT bike first (especially since my goals seem like that of your currently).
In sum, I think the used TT bike with power meter is a great suggestion given your above situation.
If you go with a road bike, no need to go all out. If you love the sport and want to cotinue, get a tri bike. If you find out that you only do tri's for a year or 2, you have a road bike
You are starting from a hybrid/commuter type bike. That's exactly how I started, doing my first few races (sprint and oly) on an old steel hybrid. I jumped from that to an aluminum low end TT bike. The change was pretty significant. I remember feeling like the TT bike was "twitchy" compared to the big heavy hybrid. But it wasn't long before I wanted a road bike because I started riding with other "roadies" and the TT just isn't as safe in group rides. Plus- the road bike is a lot easier to handle. If I had it to do over again, I'd go from the hybrid to the road bike first for the first few races. Then after I've got some skills and experience I'd add the TT bike. As you know, the right # of bikes is N+1. Right now I have 3 bikes, the TT gets used exclusively during tri training season and then it gets stuck on the trainer in winter and I ride the cyclocross and road bike all winter long.
How tall are you? Do you have normal proportions? What is your timeframe. Generally on eBay, you can get a really good deal or get a bike quickly. It's rare that you get both.