RobberRog
Junior Member
I looked at the cost of operating a bike assuming riding 5,000 miles a year with a $5,000 purchase price for a low mileage used FZ6.
Routine Maintenance items came out to .15/mile
tires cost: $500.00 good for 6000 miles $0.08 Per mile
valves adjusts cost: $300.00 good for 10000 miles $0.03 Per mile
oil cost: $10.00 good for 1000 miles $0.01 Per mile
brakes cost: $300.00 good for 10000 miles $0.03 Per mile
Gas $277.78 per year (45 MPG $2.5 per gallon $0.06 per mile)
Depreciation $600.00 per year
Insurance $420.00 per year
Interest $150.00 per year
Bottom line it comes out to .44/mile or about $200/month with maintenance being the largest item. The costs are 50/50 between fixed and variable, so driving more miles doesn't really lower your cost of ownership. Tires and value adjustments were the biggest surprise.
I was hoping to reduce my commuting costs by using a motorcycle, but it appears I will be increasing them. This analysis doesn't include repairs or battery replacement, so it is under estimating the total cost of ownership.
Could someone please find the error in my logic. Some cost savings were key to my justification for increasing the fun in my commute by buying an FZ6. Thanks in advance for your thoughts.
Routine Maintenance items came out to .15/mile
tires cost: $500.00 good for 6000 miles $0.08 Per mile
valves adjusts cost: $300.00 good for 10000 miles $0.03 Per mile
oil cost: $10.00 good for 1000 miles $0.01 Per mile
brakes cost: $300.00 good for 10000 miles $0.03 Per mile
Gas $277.78 per year (45 MPG $2.5 per gallon $0.06 per mile)
Depreciation $600.00 per year
Insurance $420.00 per year
Interest $150.00 per year
Bottom line it comes out to .44/mile or about $200/month with maintenance being the largest item. The costs are 50/50 between fixed and variable, so driving more miles doesn't really lower your cost of ownership. Tires and value adjustments were the biggest surprise.
I was hoping to reduce my commuting costs by using a motorcycle, but it appears I will be increasing them. This analysis doesn't include repairs or battery replacement, so it is under estimating the total cost of ownership.
Could someone please find the error in my logic. Some cost savings were key to my justification for increasing the fun in my commute by buying an FZ6. Thanks in advance for your thoughts.