In 2018, the average household salary of people who owned motorcycles was around $62,500. However, owning a motorcycle has become more affordable, depending on which option you go with.
However, the motorcycle cost isn’t the only factor you’ll want to include in your budget.
Before you go out and buy a motorcycle, keep reading to learn about the actual cost of a motorcycle purchase.
Average Motorcycle Cost
The average cost of buying a motorcycle can range anywhere between $4,000 to $30,000. However, you’ll likely find more bikes in the $6,000 to $15,000 range.
You’ll be able to save even more money if you buy a used motorcycle. You can generally find them online listed below MSRP. However, many different factors will affect the price of the motorcycle.
The size of the engine is the main factor that increases the price. The engine size is typically measured in cubic centimeters, and larger CC engines will cost more.
The newness will also drive the price of the motorcycle. Like cars, motorcycles will also depreciate over time, and a used one will be less than a newer one. However, there is an exception if the motorcycle is a collectible.
You’ll also want to consider the horsepower of the motorcycle. This determines how much physical force it can produce. If your motorcycle has more horsepower, it’ll likely be worth more money as well.
You should also make sure that you choose a motorcycle that is perfect for your size and experience, regardless of the price tag.
Once you buy the motorcycle, the insurance is another cost you’ll need to consider. If you’re over twenty-five years old and have a clean driving record, you can most likely find a policy that is under $500 a year.
However, other factors that determine the rate will be the model of the bike, where you’re driving, and how likely your particular bike is to be stolen.
When shopping for an insurance rate, make sure you get quotes from multiple places.
After you buy a bike, you’ll need some safety gear. At the very least, you’ll need a helmet. Find one that is ECE or DOT compliant, and they’ll usually cost anywhere between $70 and $300.
You may also have to spend an average of $1,500 to get other safety gear, like pants, gloves, and safety boots.
You’ll want to do some motorcycle upgrades, like buying a new motorcycle seat. These could range anywhere between $100 and $250, but it’ll be worth having a more comfortable ride.
Discover More About the Motorcycle Cost
These are only a few factors to consider about the total motorcycle cost, but the actual motorcycle will be the most expensive part.
Once you have the motorcycle, paying for accessories and upgrades won’t cost you much.
If you’re ready to upgrade your current motorcycle, check out our store! We have all kinds of great seats better than the original ones that came with your motorcycle.
Shop for the Motorcycle Seats That Will Suit You
Investing in some quality motorcycle seats will give you a comfortable and safe ride. The tips above will help you when you’re shopping for the perfect seat.
When you’d like to buy whichever seat is best for your needs, Wild Ass ergonomic cushions might be your best bet. We’d love to show you more about the many products we offer.
Shop our store for some of the most comfortable seats on the market, and give us a call at (218) 851-2771 if you have questions.