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Discussion Starter · #1 ·
A freind of mine had some good questions for me today about the practicality of riding a motorcycle. "Why would you want to ride one of THOSE things?" I replied that they are fun to ride/get great fuel mileage/cheap to insure/cheap to maintain/etc. To that he asked how my logic worked that I was saving money by spending it. So I sat down to look at some figures....He's right - for me I guess I ride because I want to - cause it sure ain't the awe inspiring savings! (good golly I understand this is not true for everyone but for many that use this as a secondary vehicle I assume it might be)

I first looked at the purchase price $3900 and tried to figure how long it takes for me to "save" that much by riding the bike versus my truck (F150) or my normal commuter car (escort). I average 10,000 miles a year so I am gonna use that as my base. At 10,000 miles / 16 mpg = 635 gal x $4 = $2540 (fuel cost per year truck). 10,000 miles / 27 mpg = 370 gal x $4 = $1480 (fuel cost per year car). 10,000 miles / 65 mpg (this is what i have gotten out of my first three tanks average)= 154 gal x $4 = $615 (fuel cost per year bike). So assuming I could ride year round (It gets ICY in Ohio) I could possible save $865 vs driving my car. Now from that number you can take out insurance ($150) and plates ($35) to bring the savings down to $680 a year. Now we are not looking at the fact that we are not putting wear and tear on the normal car/truck (which is a cost benefit-just hard to quanitfy). So If I could ride my bike for the full 10,000 miles vs driving my car I save roughly $680 per year. Lets divide that number into the purchase price ($3900/680=5.73 years). So for ME it would take 5.7 YEARS to break even on the purchase price before I could save a dime!

How bout you guys-ever really look to see if you are REALLY saving any money?
 

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There are a lot of other costs, e.g. maintenance costs.

If you were to drive a bike instead of a car, and not own a car, you'd have to factor in the cost of purchasing a car as well.
 

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Discussion Starter · #3 ·
True but Idon't own just a bike. So for ME it's 5.7 years. The cardoesn't cost that much to maintain anyway. In 10000 miles it 2 oil changes and new tires every 3-4 years. Still won't change the figures much once you look at tires for the bike and the oil change/ valve adjustment.
 

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Hmm, well if you do everything yourself it won't cost toooo much.

Valve adjustments are free if you do them on your own.:D

I'd say one set of tires per year.(Least that's what I'm hoping for) A few oil changes. Other small things like brake pads. I guess that sorta thing will wear out faster on a bike.

I assume if you are using both you aren't really doing it for money savings? I assume most people here aren't riding for money savings.
 

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Discussion Starter · #5 ·
Yeah I agree we (at least alot of us) are not worried about the savings. It seems so strange though that the precieved "savings" is a way we justify the purchase to ourselves/significant others/family/friends. After he asked me WHY i rode my first thoughts were the canned responses of savings/cheaper/etc. What I should be saying to people when they ask Why I ride- "because I want to".
 

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car cheaper. depending on the car.
 

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My motorcycles don't save me any money... I spend all my discretionary income on my motorcycles, every last nickel. I wouldn't have it any other way. In fact I look for ways to save money in other areas of my life, so I'll have more money to spend on... you guessed it, motorcycles.
 

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Discussion Starter · #9 ·
I agree, motorsports have always been a "money-pit" for me too. They rank right up there with guns+boats for me.

Oh, BTW MM the anaerobic sealer and new copper washer looks like it fixed my oil leak :) I took it out for a 100 mile ride tonight without a drip!
 

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It's much cheaper in every aspect than having a second car as a toy. Ask me how I know.

Small, cheap bikes have a hard deprecation stop (old Ninjas can still command $2000+), low parts count and the CBR250R has that incredible 8000mi service interval. If it keeps a few thousand miles a year off your car it helps lower depreciation there.

Most of all, the bike is so cheap to own and run that it allows you to enjoy the freedom of the open road again like it was 1998 and a gas station charging $1.00/gal was ripping you off.
 

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I agree, motorsports have always been a "money-pit" for me too. They rank right up there with guns+boats for me.

Oh, BTW MM the anaerobic sealer and new copper washer looks like it fixed my oil leak :) I took it out for a 100 mile ride tonight without a drip!
Nice... glad to hear your bike is back up and running, and oil drip free!

Ride on!
 

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i do not own a car anymore, i replaced my old sentra with the CBR in august 2011
my wife has one ( 2004 Nissan murano)

just considering gas, she'll use $70 a week on gas, i may use $6
if you factor in the loan payment on my bike ( car is owned), i just put $150 on it each month i'm still way ahead with the bike.
 

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I don't know about you guys, but I spend more on tires than I do on fuel.
 

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Truck versus bike. Gas $25 to $30 per payday. My CBR $9 per payday. I save alot in summer with ridng the bike. Truck only used during winter now.
 

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I did 750kms on the bike this week, cost me about $30 of premium fuel. I was getting about 2.6L per 100kms

In the car it would have cost me about $120 which does about 8L per 100kms
 

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Using the math theories provided it would take us 1.5 years to actually "save" money as its being used here. Personally, if we could both ride year round we would save $5,000 year. But that's figuring in the payment and fuel for 2 Jeeps and 2 CBRs. Granted, we are kind of on the extreme side I think because the hubs has a 70+ mile commute round trip, 5 days/week. So in just a week that bike saves us over $200 in gas just for one vehicle.
 

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Don't forget to factor in gear if you are part of the ATGATT crowd. I think I've spent approx $1500-1700 CAD so far, and still have a few items I want to pick up. This is relative, of course, as I went and got things new (and a few premium items like my RF-1100 and Daytona boots), so everything could be had much cheaper if you are budget-minded.
 

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Depends on how you do the math.

Car costs 50 a week in gas = 200+ per month

Bike costs 10 a week in gas = 40 a month.
Bike payment 120 + 40 gas = 160

At the end of the month, I now have 40 bucks extra IMMEDIATELY because I chose payments and avoid driving. I don't even factor in maintenance because my car is an Evo which has far more expensive maintenance than the cbr
 

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Yeah as my wife said our bikes save us a ton! I was going through $50 every two days in gas and have $1,200 in soft, fast wearing mud tires on my jeep(part of the bad gas mileage problem, lol) that aren't getting worn down on the highway so when you look at our situation just parking MY jeep(let alone hers) pays for our bikes and insurance. And we are both ATGATT riders but I got my helmet for free(made the dealer throw it in with the purchase, my jacket was $120 and my gloves were free. My wifes gear was a little more but still nowhere near $1,500(what in the world did you buy?? gold plated? LOL).

Not to mention even IF they didn't save money they're well worth the fun they bring for my wife and I! We had an awesome day riding yesterday and covered around ~120+ miles.
 
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