Running costs.

Strika · Post by **Strika** » Mon Apr 24, 2006 12:51 pm

I just quickly did some calcs.

On average with front and rear tyre changes, I get 7200klms out of a set. (A little more for the front, and a little less for the rear). they cost me 400, but lets use a fairly universal tyre price as a reference for the sake of this exercise.

7200 klms = 1 set of tyres = @$480. Fuel used for this same distance based on a n average of 6 l / 100klms at an average price of $1.36 =@$580.

Then take rego and insurance into it. $450 and $550. Plus average maintainance for that distance of $170. Giving a grand total of $1170 for this bit.

Lets say a rider does 15K per year, then cost of ownership is going to be a total of 2X$480+2X$580=$2120 + $1170 =$3290 for the year.

Which gives you an average per K of 22c/klm.

So every ride I do of say 500klms really costs me $110.

This of course doesn't take into account depreciation. Let's say we depreciated the bike at a nominal figure of say 18% per year. So end of year one, our 15k bike is now worth $12,300 and has lost $2700. Now if we add that to running costs.......... we get about.........

$0.40c / Klm

So really every 500 k ride I do costs me $200.00

I may have to give up riding at this rate

Should we factor in speeding tickets and court costs?

diesel · Post by **diesel** » Mon Apr 24, 2006 12:59 pm

please do strika

Stereo · Post by **Stereo** » Mon Apr 24, 2006 1:00 pm

Hmmm thats one way of looking at it...

I ride mine to work every day.... so...

I pay $20 of petrol every week....
if I was driving a car, that would be at least $50
So I have earned $30

I dont pay for City link. Up until last month I was going through the burnley tunnel at least twice a day, at a rough cost of $4 a pop, this works out to $40 a week. Plus add to that any other trips I make and we can safely round this up to $50 a week.

I dont pay for parking at work (other staff do). This is $4 a day, and thefore works out to $20 a week.

The total then becomes $100 a week LESS than what a car would cost me.

This works out to a total saving of $450 a month (if insurance is roughly the same).

My bike repayments are actually considerably less than the savings are, and therefore I am actually EARNING money from riding a bike.

At the end of the repayment period I will have an asset left over.

javaman · Post by **javaman** » Mon Apr 24, 2006 1:02 pm

Well here's my calculation:

Buy road, not racing tyre = $480 for 12k
Maintenance = free (DIY), except oil which is $17 for 6000k
Fuel cost $1.3 per liter, zx6r will easily do 17km/ltr.
Insurance 3rd party = $88/yr
Depreciation cost = 0 (a 5 yrs old bike

)
License cost = 0 (I do have full 12 pts you know...)

Which calculates to $0.485170588 / km

and 500km ride would cost me $62. That -- with the performance of a Ferrari Enzo so I cannot complain

Felix · Post by **Felix** » Mon Apr 24, 2006 1:05 pm

considering I can claim ~66c/km for tax...40 odd cents is pretty good.

I notice Strika hasn't depreciated any riding gear with that, like a helmet...

Strika · Post by **Strika** » Mon Apr 24, 2006 1:06 pm

Too true for you Stereo.

But I wasn't so much worried about comparing it with a car. More just working out what it actually costs me to run a bike for a year. It's almost 6k a year for me to run one. Maybe a little more if you include an upgrade fee

I still reckon it's cheap relative to the enjoyment it gives though.

I mean really what price can you put on a motorcycles usage and enjoyment value???????????

Felix · Post by **Felix** » Mon Apr 24, 2006 1:09 pm

Strika wrote:I mean really what price can you put on a motorcycles usage and enjoyment value???????????

No idea, so I don't even try...I try not to think of how much it costs me...it might spoil the enjoyment a bit if I knew...

Stereo · Post by **Stereo** » Mon Apr 24, 2006 1:12 pm

Strika wrote:Too true for you Stereo. But I wasn't so much worried about comparing it with a car. More just working out what it actually costs me to run a bike for a year. It's almost 6k a year for me to run one. Maybe a little more if you include an upgrade fee I still reckon it's cheap relative to the enjoyment it gives though.

I mean really what price can you put on a motorcycles usage and enjoyment value???????????

I guess it is all about context...

As a commuter they are definintely better value, specially if you are a city-link'r

Strika · Post by **Strika** » Mon Apr 24, 2006 1:13 pm

javaman wrote:Well here's my calculation:

Buy road, not racing tyre = $480 for 12k
Maintenance = free (DIY), except oil which is $17 for 6000k
Fuel cost $1.3 per liter, zx6r will easily do 17km/ltr.
Insurance 3rd party = $88/yr
Depreciation cost = 0 (a 5 yrs old bike )
License cost = 0 (I do have full 12 pts you know...)

Which calculates to $0.485170588 / km and 500km ride would cost me $62. That -- with the performance of a Ferrari Enzo so I cannot complain

Ahh well if yr looking at used bikes .........

Depreciation......I am pretty sure that your 199? model XYg r567 will actually not stay stable or increase in it's value over a short (say 10 years) time period............

2nd hand bikes are not under warranty....you may be lucky...you may not......

Used bikes still require servicing, and often have to have worn bits repaired/replaced..........

They still require the same registration costs also..........

What about all the bits you have added to the bike, GPS, Patented Javaman NOS bottle holder, etc etc.,..........

And as someone mentioned Andi, Don't forget the cost of your gear..............even the brotherhood of St Lawrence charge for stuff!!!!

javaman · Post by **javaman** » Mon Apr 24, 2006 1:20 pm

Strika wrote:
javaman wrote:Well here's my calculation:

Buy road, not racing tyre = $480 for 12k
Maintenance = free (DIY), except oil which is $17 for 6000k
Fuel cost $1.3 per liter, zx6r will easily do 17km/ltr.
Insurance 3rd party = $88/yr
Depreciation cost = 0 (a 5 yrs old bike )
License cost = 0 (I do have full 12 pts you know...)

Which calculates to $0.485170588 / km and 500km ride would cost me $62. That -- with the performance of a Ferrari Enzo so I cannot complain
Ahh well if yr looking at used bikes .........

Depreciation......I am pretty sure that your 199? model XYg r567 will actually not stay stable or increase in it's value over a short (say 10 years) time period............

2nd hand bikes are not under warranty....you may be lucky...you may not......

Used bikes still require servicing, and often have to have worn bits repaired/replaced..........

They still require the same registration costs also..........

What about all the bits you have added to the bike, GPS, Patented Javaman NOS bottle holder, etc etc.,..........

And as someone mentioned Andi, Don't forget the cost of your gear..............even the brotherhood of St Lawrence charge for stuff!!!!

But they are not running cost, they are life's necessities

... You don't include food, drink, tobacco, and girls when riding do you

diesel · Post by **diesel** » Mon Apr 24, 2006 1:21 pm

well, in the 12 months i've had a bike:
1. i bought a zxr250 and gear for $6,000
2. Insured it for $400 (3rd party)
3. Stacked it and spent $1500 fixing it.
4. Sold it for $5000
5. Spent $1500 getting it prepped for sale.
6. Bought a zx9 for $6000
7. Just spent $400 on sprockets, chain and chain breaker
8. Bought a new helmet and jacket for $700
9. Stacked bill's scooter - $300 for parts, further $1500 for cosmetics and $5000 for the car i hit.

Not including running costs,
6000 + 400 + 1500 + 1500 + 6000 + 400 + 700 + 300 + 1500 + 5000 - 5000 = 18,300 in one year.

But fark it's worth it

red_dave · Post by **red_dave** » Mon Apr 24, 2006 1:24 pm

diesel wrote:well, in the 12 months i've had a bike:
1. i bought a zxr250 and gear for $6,000
2. Insured it for $400 (3rd party)
3. Stacked it and spent $1500 fixing it.
4. Sold it for $5000
5. Spent $1500 getting it prepped for sale.
6. Bought a zx9 for $6000
7. Just spent $400 on sprockets, chain and chain breaker
8. Bought a new helmet and jacket for $700
9. Stacked bill's scooter - $300 for parts, further $1500 for cosmetics and $5000 for the car i hit.

Not including running costs,
6000 + 400 + 1500 + 1500 + 6000 + 400 + 700 + 300 + 1500 + 5000 - 5000 = 18,300 in one year.

But fark it's worth it

OMFG

javaman · Post by **javaman** » Mon Apr 24, 2006 1:25 pm

diesel wrote:
Not including running costs,
6000 + 400 + 1500 + 1500 + 6000 + 400 + 700 + 300 + 1500 + 5000 - 5000 = 18,300 in one year.

But fark it's worth it

Damn that's worth a brand new ZX10 with bits alonw

diesel · Post by **diesel** » Mon Apr 24, 2006 1:35 pm

scary huh.
but too be honest,
it's really only $13,300 cos insurance will take care of the car i hit with me noggin.

Felix · Post by **Felix** » Mon Apr 24, 2006 1:36 pm

javaman wrote:
Strika wrote:And as someone mentioned Andi, Don't forget the cost of your gear..............even the brotherhood of St Lawrence charge for stuff!!!!
But they are not running cost, they are life's necessities ... You don't include food, drink, tobacco, and girls when riding do you

Actually, they are running costs...you don't need a helmet to drive a car but you do need one to ride a bike...and you should replace it every 2-5 years...or if you have a stack...unless you're Neka and it doesn't matter if you brain your damage