A motorcycle is an expensive piece of machinery to purchase, so it only makes sense that it would cost a lot of money to maintain. Unfortunately, many people think that motorcycles are easy to maintain and only need regular service, oil changes, and fluids.
As an avid motorcycle rider myself, I’ve spent countless hours researching the ins and outs of maintaining my motorcycle. I’m here to share with you what I’ve learned from my research and to help you avoid the costly mistakes that I’ve made along the way.
The actual cost of owning a motorcycle
A motorcycle is an investment. Therefore, the accessories, the maintenance, and other incidentals would cost money. When it comes to owning a motorcycle, there are many things that you have to pay for.
Some of the things you’ll have to pay for include the following:
The cost of the motorcycle will depend on what type of motorcycle you have. Some motorcycles are cheaper than others, and some are more expensive.
For example, a Harley Davidson is a very expensive motorcycle to purchase. It’s not uncommon for a new Harley Davidson to cost more than $40,000. On the other hand, a Honda Grom is cheaper to purchase than a Harley Davidson. You can buy a Honda Grom for as little as $4,000.
Motorcycle insurance is another high cost when it comes to owning a motorcycle. If you don’t have motorcycle insurance, you could be facing a fine or even jail time.
Because of the risk involved, motorcycle insurance is much more expensive than car insurance, so it’s crucial that you buy the right insurance. On average, motorcycle insurance costs $700 to $800, depending on your location.
If you’re planning on driving a motorcycle, you’ll need to get a motorcycle license. A motorcycle license varies from state to state, and the cost can range from $10 to $50. The motorcycle license cost will vary depending on your location and the type of motorcycle you’re riding.
Registration is another cost that you’ll have to pay when it comes to owning a motorcycle. You’ll have to register your bike in your state, and the cost of motorcycle registration depends on your location and the type of motorcycle you have. On average, the registration fee is anywhere between $10 to $50.
Gasoline and oil
You’ll also have to pay for oil and gasoline, which will cost you around $25 to $50 a month. Having a motorcycle without oil or gas makes your motorcycle a very expensive garage decoration. The cost of oil and gasoline will vary from location to location.
Tools are another high cost when it comes to owning a motorcycle. To name a few, you need to invest on a wrench, an adjustable wrench, a tire tool, a chain tool, a screwdriver, a spark plug wrench, and many more. The cost of tools will vary depending on the motorcycle you have, so make sure you get the right tools for your bike.
Riding a motorcycle is dangerous, but you can reduce your chances of being injured by investing in quality protective gear. You should invest in a good-quality helmet, padded riding pants and jacket, and a pair of riding boots.
Gadgets are an optional investment, but you can purchase action or 360-degree cameras, a drone, Bluetooth communication devices, and other high-tech gadgets that you might need during a ride.
Maintenance is another expense that you have to consider when owning a motorcycle. You’ll have to pay for routine maintenance like oil changes and tire rotations, as well as major maintenance like replacing worn-out parts and getting a tune-up. Motorcycle maintenance costs will vary depending on the motorcycle you have. If you want to get an idea of the cost, consult with your dealer.
There are other expenses that you have to consider when owning a motorcycle. For example, you’ll have to buy a license plate, a license plate frame, a lock, a chain, a kickstand, a parking brake, a rearview mirror, a windshield, a horn, and a kickstand.
In conclusion, the cost of owning a motorcycle will vary depending on the type of motorcycle you purchase, so make sure to do your research before you buy a motorcycle.
Thank you for reading and ride safely.