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The Motorcycle vs the Car

March 2nd, 2013 at 01:25 am

I've been thinking lately to purchase a motorcycle. A cruiser. NOT A NEW ONE. A used vehicle that I will pay for outright.

The reasoning is mainly gas. Although I'll pay for it in insurance and property taxes, I believe that it'll pay for itself in the long run due to utilization of gas. I currently have a 2004 Kia Sorento which uses about 20mpg/hwy and 18mpg/city.

If I get a motorcycle then it'll be about 50mpg/hwy and 45mpg/city.

If gas costs about $4.00/gallon then would it benefit me to have a motorcycle for "in city usage" and use the SUV for traveling?

The motorcycle has a 4-5/gallon tank and the SUV has a 20/gallon tank. It would take $16-20 to fill up the motorcycle while getting 180-225 miles a tank (city) and the SUV would cost $80 to fill up while getting 360 miles a tank (city).

It takes me 16 miles to drive to work so that's 32 miles daily. Using the motorcycle I would still be on that first gallon where as the SUV would already be ending the second gallon.

I will not be paying more than $2,0000 for this vehicle because I want it used and I'm not wanting to spend a lot of money on it.

But I'm still thinking that maybe it'll save me money in the long run if I have the second vehicle.

What do you think?

2 Responses to “The Motorcycle vs the Car”

  1. Jane Says:

    I would absolutely not buy a motorcyle with the money you could put to the high-interest debt listed in your last post. You might eek out a few dollars in gas savings, but not after you factor in the interest savings you would lose from not eliminating debt at 18.99 or 11%

  2. Jerry Says:

    I am unsure... there is that debt, but it would also be a significant amount of gas savings (like half, which is nothing to sneeze at) even with the insurance and other factors. This is something where I think you should do a serious cost analysis and see where that leads. Good luck!
    Jerry

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