How much does a motorcycle cost? The answer to this question depends on several factors concerning the bike.
In this article, we will look at the key factors that affect a bike’s cost to help you better approximate how much your bike will cost.
How Much Does a Motorcycle Cost?
On the low-end, you can get a bike for $500 to $1,000, but low-end bikes tend to come with a lot of maintenance or repair costs. On the high-end, a motorcycle can cost as high as $65,000, even $100,000 for limited editions. Most riders, on average, pay around $3,000 to $6,000 for their bikes.
This range of motorcycles normally includes used bikes with low mileage. These bikes are typically 3 to 7 years old, but a mileage under 10,000 ensures that the bike will last you for a long time.
There are many factors that go into these numbers.
Factors That Effect Motorcycle Prices
The Time of Year You Buy
The time of year affects the cost of motorcycles, especially used bikes, greatly. The reason for this is that motorcycle riding tends to only occur in warmer and dryer climates.
So, you are more likely to find bikes in the winter than in the summer. If you are really searching for a bargain, it is best to wait until the weather cools off.
Whether The Motorcycle is New or Used
The condition of your bike will affect the price as well. Used bikes, for example, tend to be cheaper than new bikes. There are pros and cons for both new and used bikes:
- New Bikes: New bikes can be expensive, but they offer you the chance to have your own bike. New bikes are expensive because you have to pay the bike price as well as additional fees like delivery, tax, full MSRP, and prep fees. Many riders find the price worth it, however, because they get to have a bike of their own.
- Used Bikes: Used bikes are notably cheaper, but they might not last as long. Because a used motorcycle has been driven, its value is less than the value of a new bike. This fact makes it more affordable. If you are not careful when buying a used bike, though, you may have to pay for maintenance or replacements, or the bike might not run as long.
When buying a used bike, always confirm the motorcycle’s condition to ensure that you are getting a fair deal.
The Features The Bike Has
What additional features or modifications you add to a bike will also increase or decrease the price. If you want a bike with many additional features, the price will go up substantially. This reason is why many luxury bikes are so expensive.
If you want to save money, opt for a more minimalistic style bike. These bikes will be less expensive because they use less labor and materials.
With that being said, some luxury bikes have a minimalistic style. Bobbers and choppers, for instance, can be expensive depending on where they’re built. These types of bikes are novelty and vintage bikes, which increases their price.
Added Gear And Accessories
Before going out on your bike, you must invest in proper riding gear. This gear can be expensive, but it is necessary because it protects your body from any damage. The gear not only protects you during falls or crashes, but it also protects you from loose debris, dust, and UV from the sun.
Here are necessary items of protective gear:
- Helmet: A full-face helmet is an absolute must for motorcycle riders. The helmet will protect your delicate head and eyes from loose debris, weather extremes, and crashes. Some states do not require a helmet by law, but you should always wear one regardless of the law.
- Gloves: You will also want to invest in gloves for riding. They will help you to grip the handlebars in all conditions and protect your hands from debris and UV rays.
- Jacket and Pants: You should also invest in a good jacket and pants for motorcycle riding. A sturdy material will protect your body from any abrasions or sun damage. You can get cooling or heating jackets to improve your ride in certain conditions.
- Boots: To ride a motorcycle, you will want to purchase sturdy and protective boots. These boots will protect your feet from injury, and they will help you to start and stop on your bike.
Believe it or not, motorcycles come with several additional costs. Here are the most pressing costs:
- Licensure: Before driving your motorcycle, you must have a motorcycle license or endorsement. This licensing tends to come with a fee. The fee cost varies by state. Make sure to factor in that cost when going to your local DMV.
- Insurance: Also, before you ride your bike, you will need insurance. Insurance can be very pricey, especially for motorcycles. If you have a higher-end bike, you will want to get full coverage to protect your bike, which comes with a lofty price tag.
The price of the insurance will vary on several factors such as driving record, age, and other things. You must be able to afford insurance to ride a motorcycle.
- Fuel Economy: Another factor to affect the cost of your bike is fuel economy. Most bikes range from 43 to 56 miles per gallon. You may pay more upfront for a bike with excellent gas mileage, but you may save money while riding.
How much does a motorcycle cost? The answer to this question depends on the time of purchase, condition of the bike, additional features, gear, and additional costs.
If you consider all these factors, you will be able to estimate how much your motorcycle will cost.