The
Cost of Owning a Motorcycle vs Renting, when you wanna ride?
We
all want to own our own Adventure Motorcycle and have the freedom
to hit the road every weekend.
In the real world the costs can be somewhat astronomical and free
time can be divided between work responsibilities and family leisure.
Motorcycle riding is often pushed aside, and on average we are lucky
if we can ride 2 weekends a month.
The costs below are based on the purchase of a new motorcycle in
the 650cc to 800cc range, of course there are cheaper options, but
why settle for less, everyone wants a comfortable and powerful bike
for those long adventurous trips.
The option of renting a fully equipped top of the range Adventure
motorcycle - is usually what we expect foreigners to do when visiting
South Africa.........think again.
If you know you will never get the opportunities to ride EVERY weekend
then you may be wasting your money forking out over R45 000 per
year for a bike that gathers dust in the garage. |
|
Owning
|
|
Renting
|
Retail
Value |
R100
000 |
Rental
Bike Value |
R100
000 |
|
|
|
|
Deposit
|
R10
000 |
Deposit
|
R0 |
Monthly
Repayment@ R2750 X 12 |
R33
000 |
|
R0 |
Insurance
@ R874 X 12 |
R10
164 |
|
R0 |
Minimum
Maintenance @ R300 X 12 |
R3
600 |
|
|
Total
per year |
R46
764 |
Total
per year |
R0 |
R3897
per month |
|
Per
Month |
R0 |
Average
days of Adventure Riding |
|
|
|
Per
month is Aprox 4 Days |
|
|
|
Annual
riding days |
48
days |
|
|
|
|
|
|
Cost
per day |
R974.25 |
Daily
Rate on 7 days Rental |
R700
|
|
|
|
|
|