The Cost of Owning a Motorcycle
Many people spend years dreaming of owning their own motorcycle, but the total cost of ownership causes them to drag their feet on the purchase. Because there is more to owning a motorcycle than the initial purchase, it’s important to understand everything involved before you commit to becoming a motorcycle owner. Our team at Cycles of Jacksonville is here to help you navigate the costs associated with motorcycle ownership.
1. The Motorcycle
Although there are more expenses involved than just the initial purchase of the bike, it is important to consider the initial cost. You should budget for the type of motorcycle you want to have!
Keep in mind that the power, size, and style of the motorcycle will all determine the asking price. You will also pay more for specialized features or upgrades. Take your time researching the different available options and the price ranges of each option.
2. The Riding Gear
Especially if you’re buying your first motorcycle, you will also be responsible for purchasing the appropriate riding gear. Essential gear includes a crash-tested helmet, riding shoes, riding jacket, eye protection, and gloves. It might be worthwhile to invest in higher quality gear so it will last longer and need to be replaced less frequently.
3.The Maintenance
When you own a motorcycle, you have to maintain it. Oil changes, filter changes, and tire care are all examples of routine tasks that will need to occur several times a year. However, it’s important to note that the cost of maintenance will directly relate to how often you ride. If your motorcycle serves as your daily driver, you’ll need to complete maintenance more regularly than someone who only uses their bike on the weekends.
4. The Insurance
Keeping yourself and your motorcycle insured is a critical part of ownership. Insurance rates will vary, but it’s important to have the right amount of coverage. For example, you may need specific weather coverage if you live in areas that commonly experience hailstorms. Coverage options should include theft protection, medical care, property damage, vehicle damage, and coverage in case of injury.
5. The Licensing and Learning
Another cost of ownership includes licensing. Most states require a specific certification for motorcyclists and there is usually a small fee for the application.
You may also need to complete a motorcycle riding course for licensing or simply for safety reasons. Riding courses can be a one-time cost or a continued cost if you choose to participate in more advanced courses.
6. The Fuel
The final factor you should consider is the cost of fuel. Although motorcycles are known for better fuel mileage, if you ride frequently, you’ll still need to keep your tank full!
Motorcycle ownership doesn't have to break the bank! Our team would love to speak with you more about your options. Visit us in Jacksonville, FL, where we proudly serve Orlanda and St. Augustine.