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What is your $ per mile for your bike?

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What is your $ per mile for your bike?

Old 10-06-20, 02:09 PM
  #26  
ClydeClydeson
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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
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Old 10-06-20, 02:12 PM
  #27  
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Originally Posted by Alphonsus
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.
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Old 10-06-20, 02:39 PM
  #28  
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I use the IRS standard mileage rate.
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Old 10-06-20, 03:07 PM
  #29  
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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.
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Old 10-06-20, 04:48 PM
  #30  
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Originally Posted by L134
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.
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Old 10-06-20, 04:55 PM
  #31  
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newspaper delivery services can use a bicycle as a deduction.
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Old 10-06-20, 04:56 PM
  #32  
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Originally Posted by I-Like-To-Bike
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.
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Old 10-06-20, 04:57 PM
  #33  
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I'm around 40Ę per mile... I have 27,000 miles on it.
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Old 10-06-20, 05:51 PM
  #34  
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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.
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Old 10-06-20, 05:54 PM
  #35  
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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.
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Old 10-06-20, 06:24 PM
  #36  
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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
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Old 10-06-20, 06:26 PM
  #37  
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I spend most of my money on bikes and beer, and then I squander the rest.
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Old 10-06-20, 06:44 PM
  #38  
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Originally Posted by Koyote
I spend most of my money on bikes and beer, and then I squander the rest.
Hookers and blow?
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Old 10-06-20, 08:17 PM
  #39  
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What is your $ per mile for your bike?
Don't know ... don't care.
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Old 10-06-20, 08:25 PM
  #40  
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Originally Posted by GlennR
Hookers and blow?
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Old 10-06-20, 08:59 PM
  #41  
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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.
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Old 10-06-20, 09:33 PM
  #42  
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Originally Posted by Troul
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?
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Old 10-07-20, 06:24 AM
  #43  
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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.
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Old 10-07-20, 07:11 AM
  #44  
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I'm more concerned with enjoyment per mile than cost per mile.
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Old 10-07-20, 07:31 AM
  #45  
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Originally Posted by GlennR
Hookers and blow?
Naw, he said "squander."
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Old 10-07-20, 10:36 AM
  #46  
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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.
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Old 10-07-20, 10:39 AM
  #47  
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I have no idea because I donít keep track of costs or good track of miles.
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Old 10-07-20, 02:09 PM
  #48  
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Originally Posted by GlennR
Hookers and blow?
He said squander. So, I'm guessing things like rent and car payments.
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Old 10-07-20, 02:54 PM
  #49  
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My cost per mile was super low until I bought power meter pedals and a Garmin 1030 plus.
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Old 10-07-20, 06:06 PM
  #50  
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Originally Posted by I-Like-To-Bike
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.
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