I was surfing around the web looking for information on commuting to work by motorcycle and I happened upon this page. Where a guy is crunching the numbers to try and justify the expense of buying a motorcycle with the intentions of using for commuting. In the end he seems disheartened when the savings in gas alone won’t cover the bike payment., but I have a couple other things he should consider:
First unlike the gas he put in his car at the end of 3 years when the bike is paid off it’s actually worth something. Maybe not a lot, but if you keep the bike maintained he should be able to get $1,500 – $2,000 by selling it. (I am just guessing it could be more or it could be less) Now I don’t think anyone should consider a motorcycle an investment, but it’s a much better investment than gas that you are just going to burn.
Second he estimates $340 a year in wear and tear on his car. I am going to assume he means maintenance to the car. However I would say that saving 15,000 + miles on your car is worth more than $340 a year. I have a 2001 Hyundai Elantra which is paid for and I know if I can keep that thing running for another 3-5 years by commuting by motorcycle that’s worth more than $340 a year to me. I mean if I use the IRS’s $0.48 a mile for 25 miles (about what my car gets per gallon) that’s $12 a mile – $3 a gallon (we aren’t concerned with the paying for gas) = $9 a mile. Even at a quarter of that for depreciation and maintenance you are looking at $30,000 a year. While I will admit this math is far stretched, but I am not sure how else to quantify it.
Anyway… Mr. Whoever you are… I wish you the best of luck talking you wife in to letting you buy a motorcycle and ride safe.
– Jeremy
Microblogging…
Monday, July 30th, 2007I am going to assume since you’ve made your way to my blog that you in fact know what a blog is. If not… well then look around because this is pretty much a typical blog. A slightly newer phenomenon is Micro-blogging. So if blogging involves writing paragraphs then micro-blogging is more along the lines of words or sentences. There are several micro-blogging sites out: Twitter, Jaiku, and Pownce.
I am now using Jaiku… you can check out my latest Jaiku entry in the sidebar. It also links to all my posts on the Jaiku site.
– Jeremy
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