Cost per ride

Author
Discussion

Skeptisk

Original Poster:

8,241 posts

116 months

Friday 16th August
quotequote all
Had a test ride of a Tuono and the CBR600RR today. Enjoyed both but preferred the Tuono. Despite being fully faired I didn’t think there was much difference with wind buffeting and the Honda was noisier (buzzier) sitting at 70 on the motorway. It was much less comfortable too (I am not bike fit at the moment).

I was doing some maths in my head on the way back from the dealer.

New bike is £15.5k. Over three years I would expect to lose around £6k. Insurance for three years around £2500 (if I don’t make any claims). Petrol around £2500 and perhaps £1000 for servicing and tyres. So around £12,000 or £4000 a year.

Realistically I probably wouldn’t get out on the bike more than 20 times a year (given the weather in the UK).

That equates to around £200 for each day of use. Punchy.

carinaman

22,060 posts

179 months

Friday 16th August
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Is PCPing less 'punchy'?

It's an expensive hobby.

Buy used and ride it more?

Biker9090

1,135 posts

44 months

Friday 16th August
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......OK?


Or just harden the hell up and ride more to "make it worthwhile"?

trickywoo

12,304 posts

237 months

Friday 16th August
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Skeptisk said:
Had a test ride of a Tuono and the CBR600RR today. Enjoyed both but preferred the Tuono. Despite being fully faired I didn’t think there was much difference with wind buffeting and the Honda was noisier (buzzier) sitting at 70 on the motorway. It was much less comfortable too (I am not bike fit at the moment).

I was doing some maths in my head on the way back from the dealer.

New bike is £15.5k. Over three years I would expect to lose around £6k. Insurance for three years around £2500 (if I don’t make any claims). Petrol around £2500 and perhaps £1000 for servicing and tyres. So around £12,000 or £4000 a year.

Realistically I probably wouldn’t get out on the bike more than 20 times a year (given the weather in the UK).

That equates to around £200 for each day of use. Punchy.
Your figures are all over the show. £2.5k in fuel is about 13k miles at 35mpg. You would therefore be doing 200 miles for each of those 60 days riding over three years.

I’d suggest that would be 4 rear tyres on a Tuono at £200 a go and two fronts at £150 a go. That’s your £1k without any servicing.

hiccy18

2,984 posts

74 months

Friday 16th August
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It's funny, I had a conversation the other night about people buying new bikes, throwing accessories on them, hardly using them then trading them in for a new model a couple of years later. Usually the people who wobble along the same routes to the same destination a dozen times a year, when the weather's nice and the chores are done. If you want a toy and can afford it, that's up to you. If you're thinking that way perhaps get an older bike, maybe two or three years old, lots of accessories on it... wink

OutInTheShed

9,361 posts

33 months

Friday 16th August
quotequote all
I've had a bike and compeltely failed to use it for a whole year, so the cost per ride is about £200, tax insurance, MOT.
The morning out to get it mot'd was quite nice so I don't begrudge it.

Other years have been better

There is value in knowing you've got a bike in the garage, as spare transport.
It has saved mne a lot of money over the years, if you've got a bike as backup, you can run a sheddier car.

I reckon some pedal bikers are in a similar place for cost per mile?

bogie

16,613 posts

279 months

Friday 16th August
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Buy 3 years old and save the depreciation, that makes the man maths much easier to justify. Its even easier with cars that depreciate even worse than bikes, 3-4 year old and less than half price. Im thankful that millions of people are buying new on PCP, driving few miles and trading them in again thumbup

There has to be a point where you do so few miles each year you may as well just join a bike hire club like Spyderclub, and have a choice of dozens of different bikes to do a few hundred miles per weekend for 6-10 weekends per year.

Jazoli

9,214 posts

257 months

Friday 16th August
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I did the sums once, my MT09SP cost me £3 per mile over the time I had it, I never worked it out again for later bikes hehe

Mr Squarekins

1,182 posts

69 months

Friday 16th August
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Yeah, with a bike It's best not to think about such things. A £20k bike, maybe £1k to insure, plus fuel etc.

Just enjoy the ride. wink

SAS Tom

3,546 posts

181 months

Friday 16th August
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hiccy18 said:
It's funny, I had a conversation the other night about people buying new bikes, throwing accessories on them, hardly using them then trading them in for a new model a couple of years later. Usually the people who wobble along the same routes to the same destination a dozen times a year, when the weather's nice and the chores are done. If you want a toy and can afford it, that's up to you. If you're thinking that way perhaps get an older bike, maybe two or three years old, lots of accessories on it... wink
My mate has just bought one of these bikes. 6 years old and 3k miles. It’s got literally £1000’s in accessories on it for someone to barely ride it. I think he’s bought a great bike for the money.

Skeptisk

Original Poster:

8,241 posts

116 months

Friday 16th August
quotequote all
Biker9090 said:
......OK?


Or just harden the hell up and ride more to "make it worthwhile"?
I was just being realistic. I work. I have other hobbies. I have a wife daughter and a dog. And I’m back in a country with st weather. Twenty ride outs a year might be optimistic!

OldGermanHeaps

4,205 posts

185 months

Friday 16th August
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You can have just as much fun on a 10 or 15 year old bike as you can on a brand new one, and if you buy right and can work on it youself and sell it for a profit then start over, or choose the right appreciating classic you can end up riding for free.
Buying a brand new bike is a luxury for people with excess money to burn in the hope of an easy life, but if you end up resenting what the bike is costing you whats the point?

KTMsm

27,672 posts

270 months

Friday 16th August
quotequote all
Never understood people buying new bikes, at least if they have any money concerns

I've got a CBR600 F4i in the garage, cost me £1,400 3 years ago, worth probably £2k, it's capabilities far exceed mine

I've got newer bikes too, at worst they are still worth what I paid - generally I make a small profit on my personal bikes, which covers the other costs

Really they only cost me fuel - so a cheap day out, unless I get a speeding ticket biggrin

Skeptisk

Original Poster:

8,241 posts

116 months

Saturday 17th August
quotequote all
OldGermanHeaps said:
You can have just as much fun on a 10 or 15 year old bike as you can on a brand new one, and if you buy right and can work on it youself and sell it for a profit then start over, or choose the right appreciating classic you can end up riding for free.
Buying a brand new bike is a luxury for people with excess money to burn in the hope of an easy life, but if you end up resenting what the bike is costing you whats the point?
Over the decades I’ve wasted lots on cars so bikes have always seemed “cheaper”, despite still being expensive.

Generally I do like buying new as you know the history, you know it hasn’t been treated unsympathetically from a mechanical perspective , it comes with a warranty and it comes with the electronic safety net (a bit of peace of mind for some of us).

KTMboy

344 posts

170 months

Saturday 17th August
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Do the math on having kids…….

KTMsm

27,672 posts

270 months

Saturday 17th August
quotequote all
KTMboy said:
Do the math on having kids…….
PEADO !

You're not supposed to ride them !


biggrin

Marquezs Stabilisers

1,577 posts

68 months

Saturday 17th August
quotequote all
Skeptisk said:
Over the decades I’ve wasted lots on cars so bikes have always seemed “cheaper”, despite still being expensive.

Generally I do like buying new as you know the history, you know it hasn’t been treated unsympathetically from a mechanical perspective , it comes with a warranty and it comes with the electronic safety net (a bit of peace of mind for some of us).
I bought my first bike new. Made sense as I needed it for daily transport and absolutely nobody I knew was into motorbikes. As such, my parents and I were worried bout buying something damaged, and it gave us all piece of mind.

Once you have a bike it gets a lot, lot easier

G321

610 posts

211 months

Saturday 17th August
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I've just done some maths on how much my bike is costing per ride, turns out it's quite expensive. Going to go for a ride now to bring the cost down!

Skeptisk

Original Poster:

8,241 posts

116 months

Saturday 17th August
quotequote all
OldGermanHeaps said:
You can have just as much fun on a 10 or 15 year old bike as you can on a brand new one, and if you buy right and can work on it youself and sell it for a profit then start over, or choose the right appreciating classic you can end up riding for free.
Buying a brand new bike is a luxury for people with excess money to burn in the hope of an easy life, but if you end up resenting what the bike is costing you whats the point?
I am thinking about alternatives. I’ve had an itch to own a K5/K6 GSxR 1000. Values for decent bikes seem to have settled at around £5k so it shouldn’t depreciate. I have heard the engine is fairly bullet proof and delivers power lowdown so great for riding on the road.

Despite having no ABS or safety aids (unlike Tuono) it is cheaper to insure too.

OldGermanHeaps

4,205 posts

185 months

Saturday 17th August
quotequote all
Skeptisk said:
Over the decades I’ve wasted lots on cars so bikes have always seemed “cheaper”, despite still being expensive.

Generally I do like buying new as you know the history, you know it hasn’t been treated unsympathetically from a mechanical perspective , it comes with a warranty and it comes with the electronic safety net (a bit of peace of mind for some of us).
Well, thats how you land on £200 a ride without realising.
Almost as expensive as a wife.