The Full Cost of Buying a Motorcycle
Motorcycles can be a great investment, but in addition to the initial sticker price, they can also come with some one-time and recurring costs. Here are a few of the most common additional expenses that you might encounter when buying and riding a motorcycle.
For more information or to explore motorcycles for sale, visit Big St. Charles Motorsports. Our dealership is based in St. Charles, Missouri.
The Initial Cost of the Motorcycle
New motorcycles for beginner riders usually cost between $5,000 and $10,000. New motorcycles for advanced riders usually cost between $10,000 and $35,000.
There are different factors that affect the cost of a motorcycle. For example, larger models with more features will have higher sticker prices.
The Cost of Riding Gear
Aside from the motorcycle itself, you'll also need to invest in riding gear. A helmet, for example, tends to cost between $70 and $300.
Gear will also need to be replaced over time. For instance, helmets will need to be replaced after they are around five years old or after any impact that compromises their structural integrity.
The total cost of the essential riding gear tends to be around $1,300. More advanced gear, such as waterproof outerwear, will cost more. But it will also improve the riding experience.
The Cost of Motorcycle Maintenance
Motorcycles require regular maintenance to keep them running smoothly. The cost of motorcycle maintenance will depend on the make and model of your motorcycle, how often you ride it, and whether you do any of the work yourself.
On average, riders can expect to spend around $1,000 per year on motorcycle maintenance.
If you buy a used motorcycle, you may end up spending more money on maintenance. For example, certain parts may be due for replacement soon after you buy the used motorcycle.
The Cost of Motorcycle Insurance
Motorcycle insurance rates will depend on many factors, such as the motorcycle you have, your driving record, and where you live.
Motorcycle insurance tends to cost between $200 and $500 per year. With some insurance plans, you can bundle motorcycle coverage alongside your house and/or car coverage in order to save money.
The Cost of Fuel
The cost of motorcycle fuel will depend on the motorcycle's fuel efficiency and the current prices at the pump. Most riders tend to spend around $300 a year on fuel. Of course, the more often that you ride, the more you will spend on fuel.
Keep in mind that motorcycles are usually more fuel-efficient than a car. If you go somewhere with your motorcycle instead of your car, you can be saving money on fuel costs for that trip.
Ready to shop for motorcycles for sale? Check out the selection at Big St. Charles Motorsports. See the models online or at our dealership. We are located in St. Charles, Missouri, and also serve those in St. Louis and St. Peters.