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Average annual cost of cycling?

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Average annual cost of cycling?

Old 04-22-17, 08:33 PM
  #1  
johngwheeler
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Average annual cost of cycling?

Sometimes I like to work out how much my hobbies are costing me - although I usually regret it when the numbers are in!

It got me thinking about my new addiction to cycling. My initial outlay (2 bikes) has been quite large, but I'm assuming I'm going to get at least 10 years use out them, or recoup a reasonable fraction of their cost if sold. I've also had to invest in accessories (clothing, pedals, lights, panniers, computer, shoes, helmet, pumps, spares etc.) which was another largish amount of "one-off" purchases.

Now I'm at a "steady-state" of equipment, what is a reasonable budget for annual maintenance, repairs and replacment of wear & tear items? I ride about 100-200km per week combined on both bikes.

Obviously things like tires, tubes, brake pads, cables and clothing will wear out, but are other parts of the bike require replacing over time (e.g. Gears, chain, deraillers, cranks)?

For those of you who are not completely content with your current bike line-up, how much do you spend on average a year on buying and selling new bikes?
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Old 04-22-17, 08:45 PM
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Hmm I actually worked this out on my current have fun bike...

1,000$ for the bike, cargo rack, fenders, kickstand, bell etc.
300$ for a really good light setup.
100$~150$ a year in bike shop maintenance.
300$ ish a year I spend on misc bike stuff.

Now what I no longer pay for....

$$$ for a car, oil change, maint etc.
$$$ for insurance.
10$ each time I go downtown to pay for parking whilst I drink tea (I enjoy the same place for tea about 3 times a week).
1.40$ for one litre of gas!

At least with me my bike paid for itself after only one year of use and am saving a small fortune now that I no longer drive just a bus and a bike. xD
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Old 04-22-17, 10:07 PM
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Prices in CAD - I have two bikes

Bar tape: $20-$30 - Either out of necessity or just because I want to change.
Chain cleaner / Degreaser: $30
Speedplay cleat lubricant $15
Pedal grease: negligible
Wheel maintenance at lbs - $50
Bike chain: $50
Cables: didn't change any this year but will have to next year: $100-$150
Cassette and chainring: didn't have to change that yet but will be costly when I do @ $90-$100 a cassette. Chainrings: with the price of 105 cranksets...that probably means a new crankset altogether.
Tires: $100 - didn't get flats but got tires ruined because of deep cuts caused by rocks and squirrel claws (yes, that's right)
Cleats: $65
Water bottles: $40 - I can't keep them like new, so I get new ones at the end of the season.
NEw bottle cages is also a cheap way to change the look of the bike a bit, although I didn't change them this year.

Then if you ride enough, you'll have to throw away bibs and get new ones as the padding gets worn. Saddle body gets soft. If you crash you may have to replace derailleur hangers or other parts. Shoes get worn. That'S not a yearly expense however.

If you want your bike in top working condition, you need to learn to do maintenance yourself: tools and a stand cost a lot but will give you a better overall experience: no real down time and the bike is looked after the way you want it to - I personally don't touch the wheels however, I bring those in when needed.

Once you got the tools (if you do maintenance) and your fit is dialed in (if you do long distances): right saddle, right stem and handlebars and right seatpost (offset mainly) then the cost is reasonable considering the health benefits, the enjoyment and especially if you commute.

As far as bikes go, I got my aggressive geometry and my relaxed geometry frames so no need to change for a while. When I need to replace either of those two, my next bike will be a custom steel frame by Marinoni - I'd go meet them right where they live to get the full experience. I know enough now to know that buying a complete bike is a waste of money for me: I likely wouldn't like the wheels and tires, saddle, seatpost, handlebars, perhaps the cassette, perhaps the chainrings and in my price range, manufacturers skimp on brakes too so that would need to change as well most likely.
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Old 04-22-17, 10:10 PM
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I find with hobbies, frugality is an oddly applied concept.

I like to get new stuff ... even new used stuff. So, I often randomly shop around for things related to my hobbies. Not necessarily stuff I need, but stuff it might be fun to buy and hopefully, use.

I got a couple really cheap camera slings---great quality, new manufacturer just entering the market. I bought a lens bag specifically designed to help swapping lenses in the field. I bought a sleeve to hold my filters. And with photography there are always new lenses, different lenses, better lenses ... and every now and then, upgraded bodies.

Bikes, same way. A few little gadgets, some useful tools ... looking for deals on consumables (might as well stock up when the prices are right.) And of course, if a top-end saddle or something goes on sale .... I just bought a repair stand, despite the fact that I Could have just continued to hang bikes from the ceiling.

I upgraded from square-taper to Hollowtech because I found a crankset and BB for $35. Totally unnecessary----but a significant upgrade at an amazing price. How do I calculate that cost?

And of course I always hope for that garage find ... that yard-sale special, the bike (not necessarily even amazing) which someone bought and never rode and now wants to get rid of for cheap ... or the bike with a good frame which someone as abused and neglected who now wants to unload it, not realizing that under the dirt and bent rims is a fine bike waiting to be cleaned and reassembled.

If I was to do everything for the least possible cash investment --- I used to pick up bikes off the side of the road, condition almost unimportant---strip whatever worked and toss the rest. I have picked through bike shop dumpsters. When you have very little income and need transport to get more, ways can be found.

Now that it is more of a hobby (though it does replace almost every local trip by car) I spend money on it for fun. Some folks eat at restaurants or see movies.

I could probably cut my expenses to a chain and a set of tires per year, a cassette every two or three, a BB and crankset every five ... depending on how much rain-riding I did. But what would be the fun of that?
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Old 04-22-17, 10:12 PM
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At the rate of 5k miles per year, you can expect $250 a year for tune up and parts, I'd say. Chain every 5k miles and casette every 10k. I get 3-5k miles out of a tire. Cycling clothes last a long time if you take care of them; I wash mine by hand. Shorts and gloves will wear faster because of the contact. I don't know how often bottom brackets require replacing. Or wheels. I am lazy and earn good enough salary I let the bike shop do maintenance on the bike.

Keeping the drive train clean and chain oiled will maximize the life, especially if you ride in the rain and pick up dirt. I am a fair weather rider, so I don't accumulate much dirt; mostly find dust.

If you have purchased decent quality bikes, the parts should wear well.

I don't think you can put a dollar value on the benefit you derive from the level of exercise you are getting. Hobbies like hiking, running, biking etc have additional benefits that hobbies such as watch collecting don't have. If you are riding 100-200km per week, you are getting the value out of your bikes!
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Old 04-22-17, 10:45 PM
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Amortizing over their lifetime and considering I do most of my own wrenching so tool costs, I figure about $400-$500/yr sans bike. This incudes biking clothes, tools, replacement components and tires, lube and other maintenance (e.g. bleeding kit). work stands, but not nutrition or bike. Based on my last year purchases, but this is probably an overestimate as I bought a new bike and had to buy new tools... I also commute by bike frequently. I do about t 2.5-3k. mi/yr total. so I probably saved $1k in car costs.

.

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Old 04-23-17, 04:04 AM
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If you aren't someone who wants change for change's sake, and cycle near your house, it's a relatively inexpensive hobby after all initial purchases are made.
I have a road bike and after work I ride from my front door, but on the weekends I put the bike on the car rack sometimes a drive to more scenic places to ride.
Same with my mountain bike... I need to drive to mountains to ride. So cycling for me involves gas expenses and passes at the mountain resorts.
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Old 04-23-17, 05:55 AM
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I can be OCD about things, certainly am about my car costs (but hey, it's a huge cost and ought to be kept in check); but I tend to just ride my bike without obsessing over it. If I did obsess, it'd probably stop being fun. Since biking is what I do to keep stress in check I kinda/sorta need to not making biking into a chore.

Of course, I've probably spent relatively little over the years, relative to the miles I've racked up. I used Obama's stimulus money to buy my road bike, and DIY everything it's needed thus far. I usually use stuff until it's worn out, and don't worry about appearances. Helps to have an LL Bean outlet nearby; I've gotten a few good things there. That's helped keep costs in check too.

I figure it's been less than if I had a gym membership. And since I have a desk job I have to spend money somehow to get needed exercise.
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Old 04-23-17, 06:11 AM
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as mentioned, the health benefits cannot be considered "bought". with hobbies I like to divide dollars by hours of pleasure.

a $2,000 bike divided by 10,000 hours of fun = not much per hour.

a $12 movie with another $10 in treats = lardass.
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Old 04-23-17, 06:28 AM
  #10  
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Cheaper than about 5 rounds of golf and cheaper than a single offshore fishing trip in the motorboat.
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Old 04-23-17, 07:11 AM
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The cost is reduced a great deal if buy a few tools and and do your own maintence.
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Old 04-23-17, 01:47 PM
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Your mileage and the type of riding you do is going to have the biggest determination of how much money you spend on your bike. You can decrease the cost for quite a bit of that by learning simple maintenance that keeps you from bringing the bike to a shop.
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Old 04-23-17, 02:14 PM
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Originally Posted by southpier View Post
as mentioned, the health benefits cannot be considered "bought". with hobbies I like to divide dollars by hours of pleasure.

a $2,000 bike divided by 10,000 hours of fun = not much per hour.

a $12 movie with another $10 in treats = lardass.
Bike... 20 cents per hour
Movies... $11/hour, for a 2 hour movie

So if I stop going to movies, I now have $110,000 ($11 x 10,000) for bike purchases!!!
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Old 04-23-17, 02:28 PM
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Originally Posted by MarioT View Post
So if I stop going to movies, I now have $110,000 ($11 x 10,000) for bike purchases!!!
I need ten times that amount so I can retire and have time to ride all those new bikes.

Accepting donations, PM me.
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Old 04-23-17, 02:48 PM
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$50-$150 per year on 5K to 6K miles riding per year.
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Old 04-23-17, 03:05 PM
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I was told that a bike is considered 'paid for' once you ride a mile for every dollar spent on the purchase. 1,500 miles for a $1,500. bike. I kept that formula tucked away in my mind for years. The someone asked about the resale value. If I could sell the same bike for $1,000. Then did I really need to ride only 500 miles to get my money's worth and buy a new bike?

I was fine with the original formula. The second piece, that is messy.

PS - I bought my last bike eight years ago. I take it to the shop for maintenance. I spend $2-300. a year at the shop. This is a recumbent bike, I just bought a replacement seat fabric. The old one was tired and not taunt. I whined and moaned before I forked over the $272. for the new fabric. I guess eight years is a good run, even if I didn't like the price.
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Old 04-23-17, 03:14 PM
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Originally Posted by blue192 View Post
Hmm I actually worked this out on my current have fun bike...

1,000$ for the bike, cargo rack, fenders, kickstand, bell etc.
300$ for a really good light setup.
100$~150$ a year in bike shop maintenance.
300$ ish a year I spend on misc bike stuff.

Now what I no longer pay for....

$$$ for a car, oil change, maint etc.
$$$ for insurance.
10$ each time I go downtown to pay for parking whilst I drink tea (I enjoy the same place for tea about 3 times a week).
1.40$ for one litre of gas!

At least with me my bike paid for itself after only one year of use and am saving a small fortune now that I no longer drive just a bus and a bike. xD
How about simply paying for parking. By commuting by bike every day to work...I used to save $2,350 per year (AKA $9/day) in parking. The city this calendar year upped its parking rates....now I save $2,925USD per year ($11.25/day).


Said another way, by riding and not parking....my titanium Di2 gravel grinder purchase will pay for itself in less than 1.5 years simply in parking garage fees. Said another-another way, my commuting to work for the past 1.5 years has won me a "free" di2 titanium gravel grinder.

Last edited by Marcus_Ti; 04-23-17 at 03:23 PM.
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Old 04-23-17, 03:37 PM
  #18  
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If I answer this honestly my wife could some day see it. That would not be good for me!

My bikes are a hobby, transportation, and my primary exercise. The hobby part is what makes them expensive for me. So, I am taking the fifth, but drinking a fifth if my wife finds the receipts...
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Old 04-23-17, 03:48 PM
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In terms of actual necessities for about 2k miles per year, I'd guess that I spend about 50 to 100 bucks a year.

Splurges cost more.
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Old 04-24-17, 04:06 AM
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On the whole it doesn't have to be a particularly costly hobby. I was contemplating tyres the other day though and thinking that I'm glad car tyres are much cheaper in terms of price per kg than bike tyres or they would be ruinously expensive.
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Old 04-24-17, 05:04 AM
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i have not added it all up in a while, but it depends on the bike.

Even after the initial costs, mountain bikes are a lot more expensive and time consuming to maintain than road bikes, in my experience.
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Old 04-24-17, 07:19 AM
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Originally Posted by supton View Post
... I used Obama's stimulus money to buy my road bike...
Please elaborate on the source of these dollars. Federal grant? College loan forgiveness?
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Old 04-24-17, 07:59 AM
  #23  
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Cost of cycling? About average. It is my hobby, sport and transportation, plus my source of exercise. It's cheaper than therapy. What is gas cost for 2,000 or so commuting miles per year? Lack of gym fees? Awesome legs my better half likes? Price of 120 /78 for PB, 30 lbs less weight around my waist? Great overall health and a good( mostly) lifestyle. Cost? Priceless. You can't buy good health.
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Old 04-24-17, 08:07 AM
  #24  
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Originally Posted by Gresp15C View Post
In terms of actual necessities for about 2k miles per year, I'd guess that I spend about 50 to 100 bucks a year.

Splurges cost more.
This is exactly where I am at, most expenses involve chains, tubes, tires, cassettes. Occasionally pedals and seats. I ride a bit over 2K per year.
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Old 04-24-17, 08:39 AM
  #25  
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I can replace tires, tubes, cassette, tape and chain under $100. Heck, say $100 for mid-level stuff. So, assuming I wear all those out every year, $100 a year or less.

Brake pads vary wildly on how fast they wear based on style and type of riding, so toss in another $20-30 if you want nice ones (I do). I'll just assume an average of one set a year, some may go many seasons, some may need replaced a couple times a year.

How you amortize the cost of your bike over the years is up to you.

My clothing is really no more expensive than my regular clothes, and I often ride in regular clothes, so to me those costs are negligible.

Past that, my biggest cycling related expenses are a) the beer at the breweries I cycle regularly to, and b) entry fees for the mass rides that the fiancee loves. Both probably range in the many hundreds of dollars a year, but both are personal to me expenses which you may vary wildly on!
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