Hardcore moto enthusiasts sooner or later have the opportunity to buy their first bike. Sometimes, the waiting period might last up to several years until you’re able to gain and raise enough money for the purpose. Other times, the thrill and desire to ride a motorcycle are so strong that you might take out a loan just to get the bike as soon as possible.
The point that we will try to make in this article is that purchasing the motorbike isn’t everything you’re going to spend your hard-earned cash on. Let’s look at some other things that are going to set you back.
Bike prices can vary largely from one model to the next depending on the brand, the features, whether it’s used or new, and a whole array of other aspects that need to be mulled over before you make your final call.
Most beginners will spend between five thousand and ten thousand dollars on their first bike. Many motorcyclists are going to want to get a new one a few years in so the important thing to keep in mind is that the value of your bike will drop by at least 20 to 25% over the course of just five years. Obviously, the money you’ll be able to sell it for also depends on how you’ll keep it.
You’ll have to ensure maintenance for your bike every 10,000 to 20,000 miles, and the cost might range from eight hundred to fifteen hundred dollars depending on what needs fixing or replacing. Tires can be pretty pricey, with a pair costing about six hundred, but you have to replace things like the oil, the filter, and a variety of other things you might not have considered when you bought the bike in the first place.
Usually, most of those who ride their bikes regularly will spend at least $1,000 per year on maintenance alone.
You need to have insurance
Depending on the country you live in, the cost of insurance can be higher or lower. In some European countries, you might have to pay between $100 and $1,000 per year, but generally, in the United States, you might spend around $500 if you have a clean record and you’re over the age of 25. This expense adds to that maintenance one, too.
Gear, safety, and everything else
When it comes to motorcycle equipment, there’s one that you have to install on your bike and one that you have to wear to be safe. For example, to make sure that you’re not that affected by a mishap like a crash, you have to wear protective gear like a helmet, spine, elbow, and knee protectors, and decent apparel like a riding jacket and a pair of riding pants.
One thing that we would definitely recommend for you to install on your bike is a crash bar. You wouldn’t believe how much difference this extra can make when it comes to protecting your bike and yourself.