Cooter
Well-known member
I'm SO BORED! I did some motorcycle research today and the results were SHOCKING to say the least. Heres the backstory...
I have an ongoing disagreement with a gentleman friend of mine who asserts that his method of buying a new GS1200 about every year or two, nets him a reduced cost of owning such a machine. His theory is that because he never lets them get old enough to need expensive repairs or maintenance, he saves that cost by buying a new one. He rides about 1000/miles a month so I did some calculating for him:applause:
Ahem! (grabs the pulpit and leans back)
He is an older gentleman with a good driving record, and buys a new 2014 Bimmer GS1250 for $21,167 (FYI, That is the cost, but doesn't get added to "the cost of ownership")
Sales tax: $2113
$2989 finance charge (no down, 60 mo, 5.29%)
$1859 (17¢ PER MILE) in maintenance cost ONLY, in the first year!?
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
Since that is only a tiny fraction of the actual cost of ownership I added it up!:eagerness:
add in repairs they needed ($3173):
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
Most owners (3.1 million miles averaged) got 43 MPG
:http://www.fuelly.com/motorcycle/bmw/r1200gs
so... 257.4 gallons of gas X $3.36 average price/gallon for regular gas in 2014 (The premium they require would be even higher)
https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/
$864.86 in gas.
Insurance would vary dramatically but its fair to assume a clean record in a decent metropolis is ($100/mo) $1200.
$4276 in depreciation:
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
One set of Anakee dual sport tires installed $589
I didn't add any modifications like crash bars, lights, GPS, phone mount, or the mandatory grey/hi viz pantsuit, silver suitcases, and 2 dozen Motorrad hats you must buy to fit in at Starbucks (That was for you LF:angel
That means in 2014 a BRAND NEW GS1200 would cost you $17,064 in the first 11,068 miles of ownership. $1.54 per mile, every mile, to run a brand new motorcycle??:mad-new:
It cost $1.59/mile in 2014 to run a freaking 53' long semi truck.
https://www.ttnews.com/articles/cost-operating-truck-6-169-mile-atri-report-says
The 2020 GS he just bought that started this conversation cost him "A little under $30K":upset:
He can love his all he wants too, I think I'll keep my rattly old Buell:love_heart:
Did I mention I'm BORED??
I have an ongoing disagreement with a gentleman friend of mine who asserts that his method of buying a new GS1200 about every year or two, nets him a reduced cost of owning such a machine. His theory is that because he never lets them get old enough to need expensive repairs or maintenance, he saves that cost by buying a new one. He rides about 1000/miles a month so I did some calculating for him:applause:
Ahem! (grabs the pulpit and leans back)
He is an older gentleman with a good driving record, and buys a new 2014 Bimmer GS1250 for $21,167 (FYI, That is the cost, but doesn't get added to "the cost of ownership")
Sales tax: $2113
$2989 finance charge (no down, 60 mo, 5.29%)
$1859 (17¢ PER MILE) in maintenance cost ONLY, in the first year!?
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
Since that is only a tiny fraction of the actual cost of ownership I added it up!:eagerness:
add in repairs they needed ($3173):
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
Most owners (3.1 million miles averaged) got 43 MPG
:http://www.fuelly.com/motorcycle/bmw/r1200gs
so... 257.4 gallons of gas X $3.36 average price/gallon for regular gas in 2014 (The premium they require would be even higher)
https://www.statista.com/statistics/204740/retail-price-of-gasoline-in-the-united-states-since-1990/
$864.86 in gas.
Insurance would vary dramatically but its fair to assume a clean record in a decent metropolis is ($100/mo) $1200.
$4276 in depreciation:
https://www.cycleworld.com/2015/03/...-term-test-wrap-up-review-and-specifications/
One set of Anakee dual sport tires installed $589
I didn't add any modifications like crash bars, lights, GPS, phone mount, or the mandatory grey/hi viz pantsuit, silver suitcases, and 2 dozen Motorrad hats you must buy to fit in at Starbucks (That was for you LF:angel
That means in 2014 a BRAND NEW GS1200 would cost you $17,064 in the first 11,068 miles of ownership. $1.54 per mile, every mile, to run a brand new motorcycle??:mad-new:
It cost $1.59/mile in 2014 to run a freaking 53' long semi truck.
https://www.ttnews.com/articles/cost-operating-truck-6-169-mile-atri-report-says
The 2020 GS he just bought that started this conversation cost him "A little under $30K":upset:
He can love his all he wants too, I think I'll keep my rattly old Buell:love_heart:
Did I mention I'm BORED??