Transportation is expensive. We would all like a cheaper way to get around.
Some of us are lucky enough to live in a big city with excellent public transportation networks, but the vast majority of people have to rely on their cars.
Motoring drains your wealth. Not only do you have to pay the upfront cost of the vehicle itself, but all of the ancillary costs. Maintenance, insurance, tax and fuel all add up, with the average person spending around $10,000 a year to keep their vehicle on the road. It’s an enormous drain on your finances.
The problem is that we all need to get around. We want the flexibility that our vehicles offer, and it’s worth giving up all those holidays and extra time off work from the privilege of driving.
People, however, are inventive and continually looking for cheaper ways to get around. For many, that means investigating the possibility of riding a motorcycle.
On the face of it, motorcycles are cheaper. You can go much further per gallon of fuel, you pay less tax, and you don’t have high maintenance costs. Motorbikes are much less expensive than cars to buy and replace too, meaning that you have the opportunity to get the costs of motoring down substantially. So far, so good.
Unfortunately, motorcycling comes with a bunch of hidden costs that most people don’t like to consider or discuss. Let’s take a look at them in turn.
The Increased Chance Of Injury
Ask any personal injury lawyer about the most dangerous form of transport, and they’ll tell you that it’s the motorcycle. Bikers are involved in more accidents per mile travelled than any other type of motorist. Biking is seriously dangerous.
Arguably, this is a cost that you should take into account when considering swapping out your car for a motorcycle. Sure, riding a bike looks cheaper when you only look at the regular financial costs, barring disaster. But if you are to assess the actual costs, you also need to incorporate the expected cost of an accident. There’s a good chance that you’ll die or become too injured to work if you ride a bike. And it’s only correct that you consider that chance. The likelihood of dying is much higher than in a car, and you need to take this into account. Your expected savings will turn out lower if you include this fact in your calculation.
The Price Of Your Time
Anyone can hop into a car, turn on the ignition and drive to the shops. There’s no setup time. However, if you want to go out on your motorcycle, you not only have to put on your helmet but change into your leathers too. It could take up to fifteen minutes both ends of your journey just put on and take off clothes.
Motorcycling, therefore, is time-consuming. Your time might be better spent earning money to pay for the extra expense of keeping a car.
Speaking of which, leathers themselves do not come cheap. You’ll have to fork out for these too.
Do you think buying a motorcycle is still worth it?