How much do motorcycles cost? (ANSWERED)

how much do motorcycles costQuestion: How much do motorcycles cost?

Prices for motorcycles range across the board depending on many factors, including whether buying used or new.

But, if you are just starting out and getting your first motorcycle, much advice you will find on the Internet is to buy a bike for $1000 to $1500 from a private seller and ride that for your first year.




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An inexpensive motorcycle under $1500 provides a good starting point to learn how to ride, with limited cost in case the bike gets dropped or wrecked.

Keep in mind that repairs and maintenance may be needed on an older bike. (Old bikes are cheap to buy but may not always cheap to own, which is why you should shop with a knowledgeable motorcycle friend.)

However, an inexpensive bike does serve a good purpose for newer riders learning the ropes.

After you get comfortable on a bike and improve your riding skills, then consider spending more on your second bike.

Common prices for used motorcycles

The cost of used motorcycles varies. Factors such as age, brand, condition, mileage, and style, along with location and and other factors, determine price.

For me, a good price for used Japanese motorcycles is around $3,000 to $7,000 depending on model, year, mileage, etc.

Around that price, many bikes have low miles and may not have a lot of repair costs. (There will still be maintenance costs, such as tires, oil changes, etc.)

In that price-point, you won’t take a hit for bike depreciation as the first owner would from buying new but you should still get a good, reliable machine.

Exceptions

New, old stock is one of my favorite ways to get a brand new motorcycle at a discounted rate.

The last bike I bought was a new 2014 Suzuki DL-650, which was purchased in 2016. It sat on the dealer floor for 2 years.

Adventure motorcycles, which I wanted, are not a popular style of motorcycle in the Midwest — cruisers are super popular here.

When I bought the bike, I paid $6,000 for it. For reference, MSRP for a 2016 DL-650 is $8,399, and the 2014 the MSRP was $8,549.

Savings was roughly $2,000, and I did not take a massive depreciation hit for buying a brand new motorcycle.

Cost of new motorcycles

I looked through 12 popular motorcycle company websites for their United States MSRP prices. I put together a list of the high and low MSRP cost of motorcycles in 2016. These are all street motorcycles, with at least 248cc engines.

Remember that this is the highest price bike and lowest price bike each company offers in U.S. dollars — based on information from the company’s website as of July 26, 2016.

Keep in mind there are additional fees associated with buying a new bike. Dealers and manufacturers will have fees such as dealer charges, set-up fees, and many others that you need to inquire about.

Aprilia: Aprilia’s most pricey offering is the RSV4 RF LE at $21,999. The least expensive offering is the Shiver 750 priced at $8,699.

BMW: The BMW K 1600 GTL Exclusive starts starts at $30,395, with the G 650 GS starting at $7,995.

Ducati: Ducati does not list MSRP for every bike, which makes it impossible to list their range of prices.

Harley-Davidson: The Harley-Davidson CVO Road Glide Ultra starts at $40,299. The least expensive in the Harley-Davidson line-up is the Street 500, which starts at $6,849.

Honda: The base MSRP for the Goldwing is $23,999. The least expensive is the Honda CB300F, with a $3,999 base MSRP.

Indian: Indian’s most expensive bike in their line-up is the Roadmaster, which starts at $27,999 MSRP. Their lease expensive offering is the Scout Sixty, which starts at $8,999.

Kawasaki: Kawasaki’s most expensive bike is the 998cc Ninja H2R, which is $53,000. The least expensive is the 296cc Ninja 300 SE at $5,199.

KTM: I could not find KTM MSRP listings on their website.

Suzuki: Suzuki’s least expensive model is the 248cc GW250, which is $4,099. The Boulevard M109R B.O.S.S. has the highest MSRP cost at $14,999.

Triumph: Triumph’s Trophy starts at $19,500. The Bonneville starts at $8,099.

Yamaha: The V Star 250 is Yamaha’s least expensive bike at $4,340. The most expensive offering from Yamaha is the YZF-R1M, which has an MSRP of $21,990.

Victory: Victory’s Magnum X-1 Stealth Edition has the highest priced starting MSRP at 23,499 in their line-up. The lowest priced MSRP goes to the Octane, which is listed at $10,499 and is a 2017 model year.

Gear

After buying a bike, you have the option to buy safety riding gear, like a helmet, jacket, pants, gloves, etc. Wearing gear is a personal preference. But, the cost for gear can be expensive depending on what you wear — from $100s to $1000s.

Make sure to budget enough money for gear if you plan to wear it.

I hope this provides insight into the question: How much do motorcycles cost?