Buying a Motorcycle: Understanding the Full Cost

If you're looking to buy a motorcycle, it's important to understand all of the costs that go into that purchase. There are one-time costs as well as recurring expenses, which should all be factored into your budget. We created the following guide to the true cost of buying a motorcycle. For more information or to shop motorcycles for sale, visit Road Track & Trail in Big Bend, WI.

The Cost of the Motorcycle

A new, beginner-level model usually costs between $5,000 and $10,000. A new model for more advanced riders usually costs between $10,000 and $35,000. If you want to spend less money, consider a used motorcycle. These models will be offered at lower prices due to the effects of depreciation. Another strategy is to shop for motorcycles during the off-season. Motorcycle dealerships see a dip in purchases and they often have big sales to entice people to buy.

Riding Gear

Before you can safely ride a motorcycle, you need the proper safety gear. A helmet alone can cost a few hundred dollars. The total gear cost is usually around $1,200. It's best to purchase riding pants, a riding jacket, gloves, and boots. Extra features, such as waterproof materials or reflective elements, will increase the cost but will also make for a safer or more enjoyable ride.

Maintenance

Even high-quality and new motorcycles will still need regular maintenance. Older models or lower-quality models will need maintenance more frequently. The average rider spends about $1,000 a year on motorcycle maintenance. If you have some maintenance expertise, you can handle some tasks at home and save money on service department bills.

Insurance and Fuel

Depending on the coverage you choose, expect to spend between $200 and $500 each year on insurance.

The average motorcycle rider spends about $300 a year on fuel. The more often you ride, the more you’ll spend on fuel. Buying a fuel-efficient motorcycle can help lower the fuel cost. Remember that motorcycles tend to be more fuel-efficient than a car. When you use your bike instead of your commuter vehicle, you save money on fuel.

Ready to shop motorcycles for sale? Check out the selection at Road Track & Trail in Big Bend, WI. Our expert staff can answer questions, give advice, and help you find the best bike for your budget. We welcome all our patrons visiting us from Milwaukee and Waukesha, WI, as well as Chicago, IL.