Okay, so I've got my motorcycle license... and with the gas prices, who wouldn't want to think about saving a few bucks? I'm also driving a beaten down 1994 Toyota Camry with 150k on it, which gets pretty good mileage. The bike I like is a Honda that averages around 45 mpg, my car gets around 30 mpg city and highway. Now let's assume that gas stays at $3.00 for simplicity of this. If I could snag this bike for $2k (which is entirely possible), how many miles would I have to travel to break even. Insurance for a year would be +/- $200. Saving 15 miles on every gallon that I used it would mean I'm getting 3/2 the mileage I am currently. The math suggests that I'm currently paying 10 cents a mile; and I travel on average 10,000 miles a year. So I'm paying $1000 a year in gas. If I could take away half of that by traveling by motorcycle, that would bring me down to $500. Add the insurance, and I'm already up to $700. Yikes. And how much would gas cost at 45 mpg? Let's see... $3.00 divided by 45 mpg equals 6.6 cents a mile. 6.6 cents times 5,000 miles $333.33 dollars. So, although the bike gets better gas mileage, I actually pay $33.33 more afterwords.

Let's try if I suck it up and travel 3/4 of my mileage on bike. 10,000 miles, 2,500 of them by car. At $.10 a mile, is $250.00. Insurance, $200.00. So that leaves me with $550 to cover gas and (hopefully) pay off the bike and then start to save money. 6.6 cents/mile at 7,500 miles is $500. I would save $50, which would mean in 20 years roughly the bike would pay itself off. Haha; yeah, ok.

In conclusion, unless you plan to travel solely by motorcycle, there is no financial gain to buy one (or at least for me). The cost for the insurance eats up most of the money saved. Of course, if gas goes back up to $4.00 a gallon, then I would estimate if over half of traveling is by bike, it would save some cash.

For now, it shall not be of any use.

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