I didn't just buy a motorcycle on impulse. First I did the math
then I bought it on impulse
I was commuting about 20 miles per day durring the warm months in a Ford F150 with a v8. About 15 mpg if I took it easy. When it rained, I took public trans. How could I avoid a motorcycle? Here are some of the numbers I
fudged crunched to justify the bike purchase:
Item | Savage | F150 | @ 4,000 mi/year |
Gas(gallons) | 74 | 266 | $670 |
Insurance | 94 | 450 | Fixed |
Government A$$holes | 70 | 230 | Fixed |
Parts&Acc | 350 | 400 | $50 |
Parking Tickets | 0 | 200 | $200 |
Depreciation | 400 | 1400 | $100 |
Books,Companion CD,SuzukiSavage.com | 80 | 20 | ($55) |
Labor | $0 | 500 | $500 |
Annual Savings | | | $965 |
Cost (used) | $2,100 | $7,700 | $5,600 |
Break even | | | about 3 years. |
All in all, I'm not far off from hitting the break even point this summer. The annual savings are pretty close to a grand. I used .52 per mile for the Ford F150, and .18 per mile for the Savage. I've since replaced the F150, but the cage that I replaced it with has a very high depreciation per mile figure, so I keep it at .52 until I get a better number.
The more I use the LS650 for transportation, the faster it pays for itself
and the more I extend the life of my cage. I usually keep a cage for about seven years. If this scheme adds just 2 more years to the life of the cage, the bike would have paid for itself even if gas were free.
Oh, and it's fun too.