Are Motorcycles Cheaper Than Cars? Know It Here
Tired of spending tens of dollars filling up your car only to end up stuck in traffic? Then you might have to consider the answers to the "are motorcycles cheaper than cars?" question.
If you crunch the numbers, you will discover that spending 55 every mile for daily 40-mile round trips might end up costing you over $50,000 in just ten years. In such a situation, you would do well to trade in your four wheels for a two-wheeler such as a motorbike. Read on to learn more:
Are Motorcycles Cheaper Than Cars?
While answering the "are motorcycles cheaper than cars?" question, it is evident that motorbikes are considerably more affordable. Consider the following:
1. Initial Cost
For starters, bikes are cheaper to buy than cars. In many cases, you can find a bike that will cost you less than $5,000 although there are some as expensive as $40,000.
If you get a car, even a nice second-hand one will cost you multiples of the most expensive top-of-the-range motorcycle. An average car, on the other hand, will cost you a minimum of $25,000 - a price at which you could get an even better bike.
Concerning initial cost, therefore, the answer to the "are motorcycles cheaper than cars?" is a resounding yes.
2. Fuel Costs
On average, bikes use one gallon for about 50 miles. This is quite economical especially when you consider that the average car will only give you 25 miles per gallon. The winner in this case, therefore, is the motorbike.
3. Gear, Safety Costs, And Training
While driving a car, you virtually need no safety equipment. All you have to do is get your keys, jump in, strap the seatbelt on, and drive off. This, as you can probably imagine, is not the case with motorcycles.
If you want to ride a bike, you need to take special safety classes. These classes will cost you around $350 or thereabouts (depending on where you live). Additional costs come in the form of high-quality jackets, boots, gloves, helmets, and so on.
Of course, you can always decide to economize on the motorbike gear - but you will still end up spending more than a motorist. A good helmet, for instance, should cost you anywhere close to $300.
Concerning safety, training, and gear costs, therefore, the answer to the "are motorcycles cheaper than cars?" question is no.
4. Maintenance Costs
In many cases, motorbikes need more regular maintenance in comparison to cars. According to the MIC (the Motorcycle Industry Council), the average spending on maintenance should be around $150 a year.
Similarly, you need to change your motorcycle's tires more often than you would on a car. However, these tires are cheaper (as is the servicing fee). As a result, this would cancel out all advantages cars have over bikes although the former come with less frequent tire changes and maintenance intervals.
Therefore, maintenance costs are just about even.
With regards to insurance, you might also want to answer the "are motorcycles cheaper than cars?" The answer, however, varies from one individual to the next. For example, the insurance costs will depend on your state, your age, and other factors.
A recent study compared the insurance costs for used Honda motorbikes and Honda Civic cars. For the motorcycle, owners would have to pay about $70 every year while the car cost over $800.
In the same study, it was revealed that insuring a Honda bike in California costs around $200 while the Civic would take over $760 every year out of your pocket. These figures only reflect liability coverage. However, comprehensive insurance and collision insurance follow similar patterns.
As a direct result, it is clear that the answer to the "are motorcycles cheaper than cars?" question is yes. Still, you also have to consider medical coverage. In many cases, this is one of the more expensive coverage options you can buy if you own a motorbike - with a minimum estimate of about $100 a month.
Although you might think that you don't need this type of coverage, this is not necessarily the case. The reality is that motorbikes tend to be dangerous - with many riders crashing at least once in their riding lifetime.
Since the risk of crashing is so high, it follows that you might end up having to deal with medical bills at one point or the other. This ultimately means that you need to get medical insurance if you own a bike.
However, even with such expensive insurance costs, the answer to the "are motorcycles cheaper than cars?" is still yes. This means that it is far more expensive to buy, own, and use a car than a motorbike.
Still, just because the answer to the "are motorcycles cheaper than cars?" question is yes does not necessarily mean you should go out and get a motorbike just to save your money.
Even though cars might be the more expensive of the two options, you may find that motorbikes tend to be more expensive than their owners realize or expect. Consider the following added costs:
Motorcycle gear is quite expensive. Just to go out, you need boots, gloves, jackets, and helmets. Although you might think these are simple
accessories, they are not. In fact, you need to use them unless you would like to get into an accident with no protection. Concerning cost, you are looking at a minimum of $1000 just for the gear.
b) Replacement Maintenance Parts
You also need these parts at all times. If you do not maintain your motorcycle, things might get worse down the line. That said, these parts will cost you upwards of $500 every year.
So, there you have it - the answer to the "are motorcycles cheaper than cars?" question. Since motoring costs have been going up, it is now clear why the answer to this question is yes.
Today, it might be more logical and economical to turn to motorcycles and away from cars. Continuing to use your car on a regular basis means that you have to also deal with higher car insurance premiums, increasing parking fees, riding road tax, and high fuel costs. Therefore, it is evident why the only answer to the "are motorcycles cheaper than cars?" question is yes.
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