Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

What is your $ per mile for your bike?

Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

What is your $ per mile for your bike?

Old 10-06-20, 02:09 PM
  #26  
ClydeClydeson
Senior Member
 
Join Date: Mar 2019
Posts: 1,551
Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 556 Post(s)
Liked 861 Times in 492 Posts
This is a difficult question because I have not bought a 'bike' in many years, just parts, wheels and tires to keep the Bike of Theseus rolling.

I don't really track my mileage. Based on an approximate cost for a comparable bike plus regular maintenance, I would estimate owning a bike similar to mine would have cost about $3000 over the past 15 years, and I estimate 15-20k km of riding, so between 20 cents/km and 15 cents/km
ClydeClydeson is online now  
Likes For ClydeClydeson:
Old 10-06-20, 02:12 PM
  #27  
Litespud
Senior Member
 
Join Date: Oct 2017
Location: Chapel Hill NC
Posts: 1,683

Bikes: 2000 Litespeed Vortex Chorus 10, 1995 DeBernardi Cromor S/S

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 645 Post(s)
Liked 793 Times in 445 Posts
Originally Posted by Alphonsus View Post
Just wonder what people $ per mile is and what their bike cost was? Is there generally a good $/mile for a bike such as a "value"
My bike's 20 years old and most of the components are 15-20 years old, with >60,000 miles, so it's hard to factor that into the equation. My only real recurring expenses are tires and drivetrain components:
3 tires (~$120)/~7000 mi = 1.7 cents/mile
3 chains ($80)/~12000 mi = 0.7 cents/mile
1 cassette ($50)/12000 mi = 0.4 cents/mile
chainrings (~150)/24000 mi) = 0.6 cents/mile
Other wear items (BB, brake pads, cables, bar tape) are irregular and really aren't that expensive, so we're looking at ~3.4 cents/mile for tires and drivetrain

Last edited by Litespud; 10-06-20 at 02:28 PM.
Litespud is offline  
Old 10-06-20, 02:39 PM
  #28  
L134 
Senior Member
 
Join Date: Dec 2015
Location: San Diego
Posts: 586

Bikes: 1978 Bruce Gordon, 1977 Lippy, 199? Lippy tandem, Bike Friday NWT, 1982 Trek 720, 2012 Rivendell Atlantis, 1983 Bianchi Specialissima?

Mentioned: 10 Post(s)
Tagged: 0 Thread(s)
Quoted: 278 Post(s)
Liked 116 Times in 69 Posts
I use the IRS standard mileage rate.
L134 is offline  
Likes For L134:
Old 10-06-20, 03:07 PM
  #29  
kingston 
Jedi Master
 
kingston's Avatar
 
Join Date: Sep 2014
Location: Lake Forest, IL
Posts: 3,719

Bikes: https://stinkston.blogspot.com/p/my-bikes.html

Mentioned: 42 Post(s)
Tagged: 0 Thread(s)
Quoted: 1757 Post(s)
Liked 479 Times in 309 Posts
I probably spend $2-3k per year and ride 5-6k miles, so around 40-50Ę/mile I'm into randonneuring, so a lot of my expenses go to travel, hotel and food.

This got me thinking, I could flip the equation around, set a budget per mile, say a dollar, and justify a lot more bike purchases. Then the more I ride the more stuff I get to buy.
kingston is offline  
Likes For kingston:
Old 10-06-20, 04:48 PM
  #30  
I-Like-To-Bike
Been Around Awhile
 
I-Like-To-Bike's Avatar
 
Join Date: Oct 2004
Location: Burlington Iowa
Posts: 29,489

Bikes: Vaterland and Ragazzi

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 12 Post(s)
Liked 1,208 Times in 820 Posts
Originally Posted by L134 View Post
I use the IRS standard mileage rate.
What is that for bicycles? I assume it is zero.If you are using the standard rate for motor vehicles on your tax returns, you might as well see if you can get away with using standard mileage rate for privately owned aircraft! BTW, what is your business that that has bicycle mileage related expenses? Commuting back and forth to your regular workplace isn't a legit business expense no matter what mode of transportation you use.
I-Like-To-Bike is offline  
Likes For I-Like-To-Bike:
Old 10-06-20, 04:55 PM
  #31  
Troul 
:D
 
Troul's Avatar
 
Join Date: Oct 2013
Location: Mich
Posts: 6,154

Bikes: RSO E-tire dropper fixie brifter

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
Liked 2,175 Times in 1,456 Posts
newspaper delivery services can use a bicycle as a deduction.
__________________
-Oh Hey!
Troul is offline  
Old 10-06-20, 04:56 PM
  #32  
shelbyfv
Expired Member
 
shelbyfv's Avatar
 
Join Date: Jun 2007
Location: TN
Posts: 10,280
Mentioned: 32 Post(s)
Tagged: 0 Thread(s)
Quoted: 3079 Post(s)
Liked 4,116 Times in 2,079 Posts
Originally Posted by I-Like-To-Bike View Post
What is that for bicycles? I assume it is zero.If you are using the standard rate for motor vehicles on your tax returns, you might as well see if you can get away with using standard mileage rate for privately owned aircraft! BTW, what is your business that that has bicycle mileage related expenses? Commuting back and forth to your regular workplace isn't a legit business expense no matter what mode of transportation you use.
shelbyfv is offline  
Likes For shelbyfv:
Old 10-06-20, 04:57 PM
  #33  
GlennR
On Your Left
 
GlennR's Avatar
 
Join Date: Nov 2011
Location: Long Island, New York, USA
Posts: 8,373

Bikes: Trek Emonda SLR, Sram eTap, Zipp 303

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 3004 Post(s)
Liked 2,430 Times in 1,184 Posts
I'm around 40Ę per mile... I have 27,000 miles on it.
GlennR is offline  
Old 10-06-20, 05:51 PM
  #34  
Wileyrat
Senior Member
 
Join Date: Mar 2013
Location: Tucson Az
Posts: 1,613

Bikes: 2015 Ridley Fenix, 1983 Team Fuji, 2019 Marin Nail Trail 6, and a few dust collectors

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 322 Post(s)
Liked 170 Times in 111 Posts
I used to fish.....A lot. What with my whitewater raft and rowing frame, trailer, and all the rods reels, tackle, and associated gear, I can tell you that my cost per mile is a LOT less than my cost per fish.
Wileyrat is offline  
Likes For Wileyrat:
Old 10-06-20, 05:54 PM
  #35  
caloso
Senior Member
 
caloso's Avatar
 
Join Date: Jul 2002
Location: Sacramento, California, USA
Posts: 40,845

Bikes: Specialized Tarmac, Canyon Exceed, Specialized Transition, Ellsworth Roots, Ridley Excalibur

Mentioned: 68 Post(s)
Tagged: 0 Thread(s)
Quoted: 2945 Post(s)
Liked 3,061 Times in 1,400 Posts
FWIW, my employer will reimburse bike mileage at the IRS rate for approved business travel (not commuting). I've never claimed it, but I have claimed a Jump Bike fee a few times to attend meetings across town.
caloso is offline  
Old 10-06-20, 06:24 PM
  #36  
rsbob 
😵‍💫
 
rsbob's Avatar
 
Join Date: Sep 2020
Location: Seattle-ish
Posts: 3,951
Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 1550 Post(s)
Liked 2,900 Times in 1,652 Posts
I learned restoring classic cars to never add up receipts. Just like my wife doesnít add up her plant purchases. Itís a fair agreement since she will never come close.

Smiles per mile is my measure
__________________
Road and Mountain 🚴🏾‍♂️



rsbob is offline  
Likes For rsbob:
Old 10-06-20, 06:26 PM
  #37  
Koyote
Senior Member
 
Join Date: Sep 2017
Posts: 6,659
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 6046 Post(s)
Liked 9,149 Times in 3,951 Posts
I spend most of my money on bikes and beer, and then I squander the rest.
Koyote is offline  
Likes For Koyote:
Old 10-06-20, 06:44 PM
  #38  
GlennR
On Your Left
 
GlennR's Avatar
 
Join Date: Nov 2011
Location: Long Island, New York, USA
Posts: 8,373

Bikes: Trek Emonda SLR, Sram eTap, Zipp 303

Mentioned: 34 Post(s)
Tagged: 0 Thread(s)
Quoted: 3004 Post(s)
Liked 2,430 Times in 1,184 Posts
Originally Posted by Koyote View Post
I spend most of my money on bikes and beer, and then I squander the rest.
Hookers and blow?
GlennR is offline  
Old 10-06-20, 08:17 PM
  #39  
tomato coupe
Senior Member
 
Join Date: Jul 2009
Posts: 4,534

Bikes: Colnago, Van Dessel, Factor, Cervelo, Ritchey

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 2947 Post(s)
Liked 5,149 Times in 2,084 Posts
What is your $ per mile for your bike?
Don't know ... don't care.
tomato coupe is offline  
Likes For tomato coupe:
Old 10-06-20, 08:25 PM
  #40  
spelger
Senior Member
 
spelger's Avatar
 
Join Date: Jul 2015
Location: reno, nv
Posts: 1,814

Bikes: yes, i have one

Mentioned: 2 Post(s)
Tagged: 0 Thread(s)
Quoted: 885 Post(s)
Liked 935 Times in 538 Posts
Originally Posted by GlennR View Post
Hookers and blow?
spelger is offline  
Old 10-06-20, 08:59 PM
  #41  
downtube42
Senior Member
 
downtube42's Avatar
 
Join Date: Oct 2008
Location: Portland, OR
Posts: 3,418

Bikes: Soma Fog Cutter, Volae Team, Focus Mares AL, Nimbus MUni, Trek Roscoe 6, Detroit Bikes Sparrow FG

Mentioned: 8 Post(s)
Tagged: 0 Thread(s)
Quoted: 705 Post(s)
Liked 1,601 Times in 822 Posts
When I first acquire the bike, unless it's free, cost per mile is infinite. It goes down rapidly from there as I ride. The curve bends as maintenance cost occur, but gets smaller and smaller over time. Eventually there's going to be a minimum, bumped up from time to time with maintenance. If I keep it long enough, there might be a spike as it's upgraded. Presumably, both miles and costs end.

We're not discussing savings here, nor other costs related to bicycling. For me at least, I suspect those numbers far surpass purchase and maintenance costs.
downtube42 is offline  
Old 10-06-20, 09:33 PM
  #42  
I-Like-To-Bike
Been Around Awhile
 
I-Like-To-Bike's Avatar
 
Join Date: Oct 2004
Location: Burlington Iowa
Posts: 29,489

Bikes: Vaterland and Ragazzi

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 12 Post(s)
Liked 1,208 Times in 820 Posts
Originally Posted by Troul View Post
newspaper delivery services can use a bicycle as a deduction.
Sure legitimate expenses but not fanciful "mileage rates" made up from imagining that a bicycle is a motor vehicle and has the same cost of operation.

BTW, does anybody make enough money delivering newspapers by bicycle to pay any taxes?
I-Like-To-Bike is offline  
Old 10-07-20, 06:24 AM
  #43  
debade
Full Member
 
Join Date: Jul 2017
Location: WA
Posts: 460

Bikes: Trek Domane, Trek 2120, Trek 520, Schwinn Voyager step through

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 162 Post(s)
Liked 92 Times in 69 Posts
I am reading this before falling back to sleep so if interested OP can find the online calculator comparing cost tof commute by auto and bike. It will help answer the commuting cost question not the hobby/fitness one.
debade is offline  
Old 10-07-20, 07:11 AM
  #44  
John_V 
Senior Member
 
John_V's Avatar
 
Join Date: Jun 2011
Location: Tampa, Florida
Posts: 5,585

Bikes: 2017 Colnago C-RS, 2012 Colnago Ace, 2010 Giant Cypress hybrid

Mentioned: 3 Post(s)
Tagged: 0 Thread(s)
Quoted: 408 Post(s)
Liked 122 Times in 85 Posts
I'm more concerned with enjoyment per mile than cost per mile.
__________________
HCFR Cycling Team
Ride Safe ... Ride Hard ... Ride Daily

2017 Colnago C-RS
2012 Colnago Ace
2010 Giant Cypress
John_V is offline  
Likes For John_V:
Old 10-07-20, 07:31 AM
  #45  
Milton Keynes
Senior Member
 
Milton Keynes's Avatar
 
Join Date: May 2016
Posts: 3,921

Bikes: Trek 1100 road bike, Roadmaster gravel/commuter/beater mountain bike

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 2259 Post(s)
Liked 1,680 Times in 921 Posts
Originally Posted by GlennR View Post
Hookers and blow?
Naw, he said "squander."
Milton Keynes is offline  
Likes For Milton Keynes:
Old 10-07-20, 10:36 AM
  #46  
mstateglfr 
Sunshine
 
mstateglfr's Avatar
 
Join Date: Aug 2014
Location: Des Moines, IA
Posts: 15,283

Bikes: '18 class built steel roadbike, '19 Fairlight Secan, '88 Schwinn Premis , Black Mountain Cycles Monstercross V4, '89 Novara Trionfo

Mentioned: 120 Post(s)
Tagged: 0 Thread(s)
Quoted: 9627 Post(s)
Liked 6,014 Times in 3,460 Posts
All my bikes are built up from the frame, or even built the frame. Ive swapped around components so much I have genuinely no idea what anything costs overall, much less per mile.
Ill guess $.023456789/mile.
mstateglfr is offline  
Old 10-07-20, 10:39 AM
  #47  
indyfabz
Senior Member
 
indyfabz's Avatar
 
Join Date: Jan 2010
Posts: 36,102
Mentioned: 205 Post(s)
Tagged: 1 Thread(s)
Quoted: 16626 Post(s)
Liked 11,698 Times in 5,608 Posts
I have no idea because I donít keep track of costs or good track of miles.
indyfabz is online now  
Old 10-07-20, 02:09 PM
  #48  
aplcr0331
Hear myself getting fat
 
aplcr0331's Avatar
 
Join Date: Jul 2011
Location: Inland Northwest
Posts: 753

Bikes: Black Road Bike

Mentioned: 1 Post(s)
Tagged: 0 Thread(s)
Quoted: 333 Post(s)
Liked 261 Times in 131 Posts
Originally Posted by GlennR View Post
Hookers and blow?
He said squander. So, I'm guessing things like rent and car payments.
aplcr0331 is offline  
Old 10-07-20, 02:54 PM
  #49  
Wilmingtech
Senior Member
 
Join Date: Aug 2018
Location: Rt 12 Washington USA
Posts: 458

Bikes: 2013 Ridley Helium, 2017 Blue Pro-Secco EX, 1987 Schwinn Super Sport

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 211 Post(s)
Liked 100 Times in 72 Posts
My cost per mile was super low until I bought power meter pedals and a Garmin 1030 plus.
Wilmingtech is offline  
Likes For Wilmingtech:
Old 10-07-20, 06:06 PM
  #50  
Troul 
:D
 
Troul's Avatar
 
Join Date: Oct 2013
Location: Mich
Posts: 6,154

Bikes: RSO E-tire dropper fixie brifter

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 6 Post(s)
Liked 2,175 Times in 1,456 Posts
Originally Posted by I-Like-To-Bike View Post
Sure legitimate expenses but not fanciful "mileage rates" made up from imagining that a bicycle is a motor vehicle and has the same cost of operation.

BTW, does anybody make enough money delivering newspapers by bicycle to pay any taxes?
You might be able to find that news... in a newspaper.
__________________
-Oh Hey!
Troul is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell or Share My Personal Information -

Copyright © 2023 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.