So I did it, I bought a motorcycle!
I paid for it fully up front so the only thing I'll have to pay is maintenance and insurance. Of course I need to pay for the initial registration/titling but that's to be expected.
I currently have it in storage. FOR FREE. A friend of mine is storing it in his garage for me as long as I let him use it for the motorcycle safety course that, as military, we are REQUIRED to take.
I don't need to purchase a helmet since the person I purchase the bike from included that. I do need to purchase safety gear which would only be a motorcycle jacket, which can cost me as little as $60 but as much as $300 but I technically have everything else. As long as it has armor and keeps me cool in the summer and warm in the winter, I'll go for the $60. (as long as it's NOT pink...)
I did find out that the motorcycle safety course is free for me so I'm even golden there.
The bike gets about 50 miles to the gallon and it only costs $12 to fill up the tank. So I can actually visit my brother for less than $24 a trip! $24 would only fill up about half my tank in the SUV...
I also do need to purchase a motorcycle permit which will later turn into a motorcycle endorsement on my license. But again that was expected.
My residential state doesn't have vehicle state inspections so that's not an expense that I have either.
I do need new tires but I knew that when I looked at the bike.
Also my auto insurance had gone down earlier about $30/month. With the motorcycle it went back up $30/month. So that is a wash.
But overall I'm happy! I'll save money overall on gas going to and from work and sometimes it will save me some cash on trips to certain places also!
June 14th, 2013 at 11:13 pm