Motorcycle Gas Mileage: A Simple Payback Calculator
Budgeting, Car Shopping May 28th, 2008I have put feelers out there, but as of yet, I don’t have any solid leads on obtaining a motorcycle. But as you know from my Motorcycle Gas Mileage article, not only can you save a lot of money getting a motorcycle, but you learned how highly I esteem the Honda brand of vehicles (that was thrown in here for free 
).
| Motorcycle Gas Mileage Payback Calculator | |
| http://personalfinanceresources.com | |
| Input Area | |
| Price Per Gallon of Gas | $4.00 |
| Your Current Car/Truck Gas Mileage | "??_);_(@_)" align="right"> 25 |
| Your Prospective Motorcycle’s Gas Mileage | "??_);_(@_)" align="right" bgcolor="#ccffff"> 60 |
| Your Average Miles Driven Per Month | "??_);_(@_)" align="right"> 1,000 |
| Automatic Calculation Area | |
| Price of the Motorcycle for 6 Month Payback | $560.00 |
| Price of the Motorcycle for 1 Year Payback | $1,120.00 |
| Price of the Motorcycle for 1.5 Year Payback | $1,680.00 |
| Price of the Motorcycle for 2 Year Payback | $2,240.00 |
| Price of the Motorcycle for 2.5 Year Payback | $2,800.00 |
| Price of the Motorcycle for 3 Year Payback | $3,360.00 |
| Price of the Motorcycle for 3.5 Year Payback | $3,920.00 |
| Price of the Motorcycle for 4 Year Payback | $4,480.00 |
This xls spreadsheet is super easy to use. In the input area, all you have to do is enter the price per gallon of gasoline in your area, the current mileage you are getting on your car or truck, the mileage the particular motorcycle you are interested in is getting, and the average number of miles you drive in any particular month. The calculator then spits out the top end price that you can spend on your motorcycle in order to get paid back in full over a specific number of months. So given the defaulted values, if you spend $560 for your motorcycle, the gas savings that you will receive will pay for your motorcycle in just 6 months! If you spend $1,120 on your motorcycle, it will be paid back in gas savings in just 1 year, and so on.
I came up with this tool in order to see what the top price would be that I could spend in order to get paid back around 6 months to a year. So I have done all the work, and you can download the spreadsheet for free!
Internal Tags: Car Shopping
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May 28th, 2008 at 9:38 am
You forgot added cost of insurance and motorcycle gear.
June 11th, 2008 at 8:43 pm
I also did a calculation like this, but I included the cost of tires. Motorcycle tires only average around 5,000 miles. The cost of a new set of tires may run $250 or more. With your 1000 miles/month, you would buy about 2 sets of tires per year.