What budget do I need to buy a motorcycle with extra costs?
What budget do I need to buy a motorcycle?
Let's start with the budget. The budget is a determining factor when buying a motorcycle. A motorcycle can meet all your needs, but if you can't afford it, dreaming about it is a waste of time and energy. Therefore, let's start by having a clear budget limit before continuing with the rest of the requirements.
Do you have a budget too small to buy a decent motorcycle? Consider renting a motorcycle or, if you have already invested in one, rent your motorcycle occasionally to recover the investment.
BUY A MOTORCYCLE FOR LESS THAN 1000 EUROS
With an intensive search for internet portals and precise requirements, you can easily find a good second-hand motorcycle for less than 1000 euros. They are often older models or vehicles that need an update. Economical second-hand motorcycles are a good option for short journeys or if you need them for a specific period of time. Brands that move through these price thresholds include Suzuki or Kawasaki.
BUY A MOTORCYCLE BETWEEN 1000 AND 2500 EUROS
For this budget, the offer is already much larger and more requirements can be included in the purchase. You can find second-hand models of most brands for this budget, although the condition and age will vary by brand, being common to find models from the late 90s and early 2000s.
BUY A MOTORCYCLE BETWEEN 2500 AND 5000 EUROS
This is the segment with more decent options. It is usually easy to find models of almost all brands and with relatively low mileage. From some brands, such as Honda or Mash, you will be able to buy second-hand motorcycles that have not registered any use.
BUY A MOTORCYCLE BETWEEN 5,000 AND 10,000 EUROS
This is a popular segment for both new and used motorcycles. From this budget, Harley-Davidson and BMW GS motorcycles also appear in the second-hand market. In addition, there are many sports bikes of recent models that also move through this price range, such as the Suzuki GSX-R, the Yamaha R6 and R1 or the Honda CBR1000 RR Fireblade.
BUY A MOTORCYCLE BETWEEN 10,000 AND 20,000 EUROS
In this price range, you can buy almost all brands and models of new motorcycles. From tourist bikes like the Suzuki DL1000 V-Strom, the Honda VFR1200, KTM 1290 Super Adventure to luxury bikes like the BMW R Nine T and the Ducati Monster. In this segment, you can also find second-hand luxury motorcycles with only a few thousand kilometers behind.
BUY A MOTORCYCLE FOR MORE THAN 20,000 EUROS
This is the luxury motorcycle segment with more options and accessories included in the price. Some examples would be the BMW K1600, the BMW R1200 GS, the Harley-Davidson Ultra Classic Electra Glide, the Ducati Multistrada or the Ducati 1200 Panigale.
What are the extra costs when buying a motorcycle?
You have bought your first two-wheeler and now you are the proud owner; You are already fantasizing about the accessories, biker clothing and helmet that you are going to buy. But, before launching for the extras, what other costs should you consider? In Spain, owning a motorcycle can cost between 600 and 2500 euros a year on average. So if you're going to drive it a little and you'll have it in the garage, maybe you should consider renting a motorcycle. Not only is it cheaper, but it will allow you to access a different model each time.SURE
When you ride a motorcycle, you are obligated to insure it. The cost of insurance depends on the coverage (third parties, extended third parties, all risks), the value of the motorcycle and your history as a driver.
MAINTENANCE
Since the bikes are exposed to the weather and terrain, unlike a car, it is normal that we have to invest more time and money in its maintenance. This is usually the most significant extra expense for motorcycle owners, especially if your vehicle is old. You should consider an expense of about € 300 - € 800 per year.
Depending on the number of kilometers you drive, regular maintenance will be necessary: a new front tire after ± 10,000 km, a new rear tire after 8,000 km, regular oil change, brake pads, etc. Therefore, make sure you reserve enough money that allows you to carry out maintenance so that your motorcycle is and remains in optimal condition.
FUEL
Without fuel, your motorcycle will not start or take you to all those places you dream of. Unless, of course, you have an electric motorcycle. However, even electric motorcycles need a constant investment in electricity to work. Most motorcycles need an infinitely lower proportion of fuel than a car requires. Look at it like this: the level of happiness per liter of fuel is much higher with your new motorcycle.
WEAR
This is not a specific cost that you will have to pay. However, attrition is something to consider. The older your motorcycle is and the more kilometers it carries behind it, the more value it loses. If at any time you decide to sell your motorcycle and put it on the second-hand market, the wear and tear that you have suffered will be an essential element when determining its value. Come on; you will not be able to sell it for the same thing that cost you or similar.
HELMET AND MOTOR CLOTHING
In addition to buying a motorcycle, you should consider the accessories as part of the purchase and therefore, contemplate them within your budget as a fixed expense. The helmet is mandatory by law (and, believe us, you don't want to save on this issue). Biker clothing, on the other hand, is not a simple aesthetic option, but part of your safety. On top of a motorcycle, you are completely vulnerable, your body is exposed and you should not skimp on security features. Be sure to reserve money to buy a good helmet, a good jacket, pants and biker boots.
PADLOCKS / SECURITY
Motorcycles are a very succulent loot for thieves; They are visible, their parts are easy to disassemble and are very easy to sell separately. Most motorcycles do not weigh so much as to prevent some thieves from picking them up and putting them directly in a van. That is why it is important that you secure your motorcycle correctly, not only with a chain that blocks certain elements, but with an alarm or other more advanced safety measures.
PARKING
In large cities, most people do not have their own yard or garage to park their vehicles. Of course, the most common option is to park your motorcycle on the sidewalk. However, if you want to store it more safely and, at the same time, protect it from the weather and vandalism, the most recommended option is to rent a car park. This, of course, entails an additional expense that you should consider in your annual maintenance budget.
As you can see, in addition to buying a motorcycle, there are many costs that must be taken into account. So make sure you don't spend your entire budget on the vehicle, so you have enough money that you can invest in important extras such as the helmet, clothing and maintenance.
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