Bicycle Diaries: My bike habit?

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3.4.08

My bike habit?

...Priceless!


Inspired by MasterCard's well known ad campaign, I recently considered the annual costs of my bike habit:

Bike: $75
(I got the Steel Bitch at Working Bikes)
Taxes & Fees: $4.50
(6% to Chicago & Cook County)
Depreciation: $0
(It's a beaterbike!)
Finance & Interest: $0
(I paid cash up front)
Insurance: $0
(I wish!)
Fuel Costs: $0
(or $12K if you factor in food costs)
Maintenance: $200
(Even less if you do it yourself)
Repairs: $100
(I do it myself - so just for scrounged parts)
Funky Gentleman Cyclist Kit: $200
(It pays to roll in style)
Total True Cost to Roll:
$579.50

Then I compared this to the annual costs of a car habit, as reported by Edmonds:

New Hampshire
Taxes & Fees: $250
Depreciation: $18,305
Finance & Interest: $5,213
Insurance: $6,507
Fuel Costs: $13,216
Maintenance: $3,276
Repairs: $829

Total True Cost to Own: $47,499
South Dakota
Taxes & Fees: $1,757
Depreciation: $18,305
Finance & Interest: $5,929
Insurance: $5,638
Fuel Costs: $13,308
Maintenance: $3,633
Repairs: $914

Total True Cost to Own: $49,483
South Carolina
Taxes & Fees: $407
Depreciation: $18,307
Finance & Interest: $5,338
Insurance: $8,705
Fuel Costs: $12,719
Maintenance: $3,454
Repairs: $855

Total True Cost to Own: $49,515
Oregon
Taxes & Fees: $159
Depreciation: $18,316
Finance & Interest: $5,865
Insurance: $7,885
Fuel Costs: $13,280
Maintenance: $3,781
Repairs: $981

Total True Cost to Own: $50,286
Wisconsin
Taxes & Fees: $1,994
Depreciation: $18,282
Finance & Interest: $5,614
Insurance: $5,956
Fuel Costs: $13,396
Maintenance: $4,115
Repairs: $1,061

Total True Cost to Own: $50,417
Hawaii
Taxes & Fees: $1,847
Depreciation: $19,152
Finance & Interest: $6,237
Insurance: $12,744
Fuel Costs: $14,833
Maintenance: $3,705
Repairs: $939

Total True Cost to Own: $59,457
California
Taxes & Fees: $3,282
Depreciation: $18,194
Finance & Interest: $6,467
Insurance: $11,670
Fuel Costs: $14,280
Maintenance: $4,335
Repairs: $1,120

Total True Cost to Own: $59,347
Alaska
Taxes & Fees: $538
Depreciation: $19,143
Finance & Interest: $5,966
Insurance: $13,384
Fuel Costs: $13,846
Maintenance: $4,097
Repairs: $1,078

Total True Cost to Own: $58,052
Nevada
Taxes & Fees: $4,036
Depreciation: $18,326
Finance & Interest: $6,110
Insurance: $10,616
Fuel Costs: $13,406
Maintenance: $4,191
Repairs: $1,078

Total True Cost to Own: $57,763
West Virginia
Taxes & Fees: $2,068
Depreciation: $18,185
Finance & Interest: $5,627
Insurance: $13,031
Fuel Costs: $13,799
Maintenance: $3,849
Repairs: $973

Total True Cost to Own: $57,532

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2 Comments:

Anonymous Anonymous said...

The only way you can justify factoring in food costs would be if you were planning not to eat unless you were riding. The food will be consumed, anyway. It is possible that you may eat more when riding, but that's a hard one to quantify; spend a week riding the bus while tracking food costs, and compare to a similar week riding? Might be interesting. Val

4/4/08 13:16  
Blogger Da' Square Wheelman, said...

Good point! Another way would be to calculate calculate calories burned per day. What I came up with is 670.87 total calories burned and 233.47 calories burned solely by riding.

6/4/08 14:10  

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