Cost of bike as %age of income.

finpos · World Chat Champion Joined: 13 Sep 2005 Karma :

I've just about to come to the anniversary of the purchase of my latest heap of crap. It's been used almost every day in that time, and I've calculated that if I include everything (depreciation, tax, insurance, MOT, repairs, maintenance, petrol), it's cost me slightly less than 1% of my salary.

It should be noted that the bike is a bit, err, utilitarian, I'm quite well paid (but not extraordinarily so), can fix things myself and am tighter than a gnat's chuff.

Thing is, I can't believe I've actually spent that much of my wages on on it. I was wondering what other riders regard as a realistic figure?

[goes back to worrying about millstone of a mortgage]

finpos.

phk6 · Nearly there... Joined: 24 Apr 2006 Karma :

my bike costs me at least 75% of my wage per week.

mainly coz im on 80 quid a week and im paying 30 quid of the bike off per week, another 30 on petrol and the last 20 on fags lol

but i love my bike
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FreshAL · Sir Crashalot Joined: 04 Jul 2005 Karma :

Ouch! I really wish I han't worked that out.

Loan repayments + insurance + maintanence + fuel + average spend on kit = 35% of my salary.

Shocked

Lol, I'd be bloody loaded if it wasn't for bikes!

paulthewitt · World Chat Champion Joined: 17 May 2004 Karma :

1%

you lucky person.

when i had a job it used about 20% when it worked ok.
however, i kinda blew it up (my fault, not a normal running thing) so over about 3 months i had a bike and a job it cost about £1300. thats over 43% of my post tax wages Evil or Very Mad

none of these figures include the purchase cost, and it was bought wth cash, not loan or owt with repayments.

now im poor, and have no idea how i will continue to finance my bike. need another part time job or summit while im at uni Laughing

Paul

Gazdaman · I did a trackday!!! Joined: 12 Aug 2004 Karma :

Mine must be a good 40% of my salary. I have very little else to pay for other than bikes and food. Loan covers my rent.

Although that's slightly destorted atm because I spent a whole lot rebuilding the bike after I played cars with it.

Gaz

kenny · Nearly there... Joined: 04 Jan 2005 Karma :

kawakid · World Chat Champion Joined: 15 Mar 2005 Karma :

It all depends.

My bikes paid for, no loan or owt like that.

Insurance is only £200 a year, tax £45.

Petrol if just commuting £6 a week. If do a bit of riding maybe up to £20 a week (it does about 76mpg).

Will change when I buy another bike, but not much more. I tend to save up for things rather than loans. So it would be paid for.
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frogmella · Nitrous Nuisance Joined: 12 Mar 2006 Karma :

About 500 quid a month on my addiction. Not including tires or servicing Sad

NSR Mick · World Chat Champion Joined: 26 Jun 2005 Karma :

Mines probably about 2 or 3% if I count all the goodies I've being buying for it recently, should go down to about £50 a month once I stop getting carried away.
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Psychonaut · Spanner Monkey Joined: 10 Jun 2005 Karma :

around 30% of my salary i'd guess
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Prev CBR600RR (06) Orange/Black
CBR1000RR (09) Repsol
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numark1 · Scared of girls Joined: 10 May 2004 Karma :

All i've ever really had to pay out often for is petrol.

Never had anything long enough or done enough miles for a service and only ever had to get 1 mot, my car the other week which was £30.

Usually just spent money on tarty bits when i have bikes and they are working. Smile

Itchy · Super Spammer Joined: 07 Apr 2005 Karma :

lets see my old hack:

£520 petrol
£100 insurance
£30 MOT
£200 misc repairs
£150 tyres
£50 oil
£62 tax

=7% , which is good! , considering public transport would cost me 25-30%.
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sagalout · Nearly there... Joined: 09 Jun 2006 Karma :

Purchase price was 4% of my annual salary. Bought outright, as was insurance, so month to month I only have to pay out for petrol and tax and the odd bit of servicing, which totalled up is around 1% of my salary.

Thats to run a '94 CBR600F.

sagalout · Nearly there... Joined: 09 Jun 2006 Karma :

jok · Scooby Slapper Joined: 06 Dec 2005 Karma :

Why can I never see sense and realise I just don't want to know how much some stuff costs me? Rolling Eyes

About 12%. Biggest lump in that is the bike itself, since it was bought this year, followed by petrol as a close second (~1200miles/month -- even with a CG that adds up), then insurance, servicing, chainlube&cleaning stuff and oil (roughly in that order).
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Slickfish · Crazy Courier Joined: 24 May 2005 Karma :

Around 20-25% for me.

GearboxGeezer · World Chat Champion Joined: 06 Sep 2005 Karma :

I dont even want to no, lol

firefox · World Chat Champion Joined: 20 Oct 2005 Karma :

2.5 % usally Very Happy

jonboy22 · Crazy Courier Joined: 18 Apr 2006 Karma :

Oh jesus,

Not good, not good at all. So that's why I'm permenantly broke...

This month has been well over the 60% mark, crud...... Thumbs Down

syl · World Chat Champion Joined: 05 Dec 2005 Karma :

If I sold it at the end of the year (when it is 12 months old), it would have cost me 2.5%. That takes into account depreciation, petrol, servicing and insurance. But the highest depriciation comes in the first year. If I kept it for three years, it would be 1.5%. My car, on the other hand, will have cost me 8% (maybe as high as 10% if it needs a new engine - see other thread) at the end of 4 years. I do much higher mileage in my car.

The BIG cost is the house - mortgage, utility and insurance is over 25%.

The BIGGEST cost is Gordon Brown, who takes 33% (plus VAT on everything I spend).
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Current bike: Kawasaki Z750S

Wave2k · G's Stalker Joined: 06 Apr 2004 Karma :

about 25-35% goes on my bike.
Can differ from month to month if i need a pair or new tyres for example.
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Luke_Retrofly · Silly Lesbian Joined: 05 Jul 2003 Karma :

Hi
I reckon about %35 - %40 including servicing petrol (its a v-twin) insurance and the cost of the bike.

No too bad but you have to think %20 of my wages goes on rent, not including all my other bills Neutral

Luke
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MRX Steve · Could Be A Chat Bot Joined: 02 Mar 2006 Karma :

100% , but then i dont work often and dont make much money when i do. Im working my way though my savings at the moment Confused

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stinkwheel · Bovine Proctologist Joined: 12 Jul 2004 Karma :

Assuming I just had the one (which I don't). 9% of gross over the year, which includes buying the bike.

Just running costs would be 4%.

I would appear to spend 1.3% of my gross annual income on tyres. I shall have to mention this to the guy at the bike shop next time I see him.

johnsilva · Traffic Copper Joined: 11 Mar 2005 Karma :

about £50/wk

12% then
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Current Bikes: ZX7R P5; KR1S C2; GPX250R F3
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