{"id":14663,"date":"2024-07-31T14:00:00","date_gmt":"2024-07-31T21:00:00","guid":{"rendered":"https:\/\/www.neighbor.com\/storage-blog\/?p=14663"},"modified":"2024-08-02T07:04:16","modified_gmt":"2024-08-02T14:04:16","slug":"the-cost-of-motorcycle-ownership","status":"publish","type":"post","link":"https:\/\/www.neighbor.com\/storage-blog\/the-cost-of-motorcycle-ownership\/","title":{"rendered":"The Real Cost of Motorcycle Ownership: Beyond the Purchase Price"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<html><body><p class=\"wp-block-paragraph\">Owning a motorcycle can have its perks. They represent fun, freedom, and even sustainability <em>(did you know motorcycles are often more sustainable than cars?)<\/em> But as you start to add up all the expenses that come with motorcycle ownership, you may feel like your head is spinning.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Along with the<strong> initial purchasing price<\/strong>, you&rsquo;ll need to think about <strong>insurance<\/strong>, <strong>safety<\/strong> <strong>precautions,<\/strong> <strong>repairs<\/strong>, and many other costly aspects. If you&rsquo;re unprepared, motorcycle ownership can put quite a dent in your wallet!&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Luckily, with some planning and insight into your possible motorcycle expenses, you can be on the road to a less stressful motorcycle ownership experience.&nbsp;<\/p>\n\n\n\n<h2 id=\"initial-purchasing-cost-of-a-motorcycle\" class=\"wp-block-heading\">Initial Purchasing Cost of a Motorcycle<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When you first set your eyes on that dream bike, your first instinct is to look at the initial price tag to see if it fits your budget.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXe2SYxJgGpeT4TzFzvjYN4Jt2P6x9m8Dv5iPIYUtlL3x5XgA__F2x5A6PV_AH5yMqvWF3ED6vneLFtCtVpA6wRdAaKKNzXRtGgn1R0XbyY5LyXXA39a-Q20aOKk0Vf8s-_Uqqw0qoOY50KkIheGHz1LKN0?key=D3Q2mC4tBtf5NwVVqOWuZA\" ><figcaption class=\"wp-element-caption\"><em><em>Courtesy of Pixabay<\/em><\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Motorcycle prices can <em>vary greatly<\/em>, with some costing up to about $35,000. However, you can expect to pay around <strong>$5,000 to $10,000<\/strong> in most cases.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Multiple factors can determine the initial <a href=\"https:\/\/www.neighbor.com\/storage-blog\/how-much-is-a-motorcycle\/\">motorcycle cost<\/a>, including the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The brand of motorcycle. Brands like Harley-Davidson will often cost more.&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/www.neighbor.com\/storage-blog\/types-of-motorcycles\/\">Motorcycle type<\/a> and its features.&nbsp;<\/li>\n\n\n\n<li>Whether the <a href=\"https:\/\/www.neighbor.com\/storage-blog\/buying-a-used-motorcycle\/\">bike is used<\/a> or new.<\/li>\n\n\n\n<li>When you decide to purchase your motorcycle.<em> Prices of motorcycles can be cheaper in the fall and winter, due to low demand.<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">You should be aware that there are often <em>sales taxes, dealership fees, and delivery fees<\/em>. If you&rsquo;re opting for financing, you&rsquo;ll also need to account for <em>finance charges, interest, and additional sales tax<\/em>, which can add a substantial amount to the overall price.&nbsp;<\/p>\n\n\n\n<h2 id=\"essential-riding-gear\" class=\"wp-block-heading\">Essential Riding Gear<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Safety should be a top priority when <a href=\"https:\/\/www.neighbor.com\/storage-blog\/buying-a-motorcycle\/\">purchasing a new motorcycle<\/a>, and this requires investing in some riding gear.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfCCj5Q6IMKxFMm520zFXYOaVRlpDwWEZiOFISA1_Xk_oQ7sqGYXZ8lm2iYTEz4RG97VqeAo7zxAk7bGZDNGXzcRn9n-5PUZWKQKb2uKQXRw3-o_fciKbf3WIa-REtcG_yVMfVA1H0Q0RpBu2h30BfH28cX?key=D3Q2mC4tBtf5NwVVqOWuZA\" ><figcaption class=\"wp-element-caption\"><em><em>Courtesy of Pixabay<\/em><\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">A <em>high-quality helmet<\/em> is essential and studies show they can <a href=\"https:\/\/ncbi.nlm.nih.gov\/pmc\/articles\/PMC5360190\/\" target=\"_blank\">reduce head injuries by up to 60%<\/a>! Helmet prices can range from <strong>$50 to over $1,000,<\/strong> depending on the brand and features. But keep in mind that <strong>you&rsquo;ll also need to replace your helmet about every five years<\/strong>, as its materials will degrade over time.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some other things that should be on your purchasing list include the following:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>A sturdy jacket<\/li>\n\n\n\n<li>Riding gloves<\/li>\n\n\n\n<li>Pants<\/li>\n\n\n\n<li>Boots<\/li>\n\n\n\n<li>Eye protection&nbsp;<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">All of these safety gear items will <a href=\"https:\/\/www.neighbor.com\/storage-blog\/safest-motorcycle\/\">keep you safe<\/a> while on the road, which is vital since you aren&rsquo;t protected by doors and windows like a car. The total cost for a complete set of safety gear should be somewhere around <strong>$1,500<\/strong>.<\/p>\n\n\n\n<html><body><div id=\"in_post\">\n    <a href=\"https:\/\/www.neighbor.com\/search?storing=Trailer\" onclick=\"rudderanalytics.track('press editorial cta button', {location: 'first in post', version: '2.0'}, () =&gt; { console.log('track call'); });\">\r\n  <div class=\"first-in-post-cta\">\r\n    <header>\r\n      <h2 id=\"how-neighbor-is-changing-storage\">How Neighbor is changing storage<\/h2>\r\n    <\/header>\r\n    <section>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M13.125 9.375C11.0539 9.375 9.375 11.0539 9.375 13.125V46.875C9.375 48.9461 11.0539 50.625 13.125 50.625H46.875C48.9461 50.625 50.625 48.9461 50.625 46.875V13.125C50.625 11.0539 48.9461 9.375 46.875 9.375H13.125ZM28.125 16.875C28.125 15.8395 28.9645 15 30 15C31.0355 15 31.875 15.8395 31.875 16.875V20.625H35.625C36.6605 20.625 37.5 21.4645 37.5 22.5C37.5 23.5355 36.6605 24.375 35.625 24.375H26.25C25.2145 24.375 24.375 25.2145 24.375 26.25C24.375 27.2855 25.2145 28.125 26.25 28.125H33.75C36.8566 28.125 39.375 30.6434 39.375 33.75C39.375 36.8566 36.8566 39.375 33.75 39.375H31.875V43.125C31.875 44.1605 31.0355 45 30 45C28.9645 45 28.125 44.1605 28.125 43.125V39.375H22.5C21.4645 39.375 20.625 38.5355 20.625 37.5C20.625 36.4645 21.4645 35.625 22.5 35.625H33.75C34.7855 35.625 35.625 34.7855 35.625 33.75C35.625 32.7145 34.7855 31.875 33.75 31.875H26.25C23.1434 31.875 20.625 29.3566 20.625 26.25C20.625 23.1434 23.1434 20.625 26.25 20.625H28.125V16.875Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"transparent-monthly-savings\">Transparent monthly savings<\/h3>\r\n        <p>Renters save 30-50% on vehicle storage, on average. No rate hikes.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"61\" viewbox=\"0 0 60 61\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M31.2776 52.4974L31.7666 52.0417C32.0789 51.7503 32.527 51.3317 33.0706 50.8224C34.1576 49.8041 35.6276 48.4224 37.158 46.9698C40.1682 44.1127 43.5576 40.8461 44.596 39.6282C46.7163 37.1414 48.1719 34.1468 48.8127 30.9251C49.5529 27.204 49.173 23.347 47.7211 19.8418C46.2692 16.3366 43.8105 13.3407 40.6559 11.2329C37.5015 9.12514 33.7942 8 30.0001 8C26.2061 8 22.4973 9.12504 19.3428 11.2329C16.1882 13.3407 13.7295 16.3366 12.2776 19.8418C10.8257 23.347 10.4458 27.204 11.186 30.9251C11.8268 34.1468 13.2824 37.1414 15.4027 39.6282C16.4411 40.8462 19.831 44.1128 22.8415 46.9698C24.3721 48.4224 25.8422 49.8042 26.9294 50.8225C27.4731 51.3318 27.9212 51.7504 28.2336 52.0418L28.723 52.4979C29.4428 53.1672 30.5579 53.1668 31.2776 52.4974ZM28.723 52.4979C28.723 52.4979 28.7232 52.498 30.0001 51.125L28.723 52.4979ZM30.0001 51.125L31.2776 52.4974C31.2776 52.4974 31.2771 52.4979 30.0001 51.125ZM30 33.3125C33.6243 33.3125 36.5625 30.3744 36.5625 26.75C36.5625 23.1256 33.6243 20.1875 30 20.1875C26.3756 20.1875 23.4375 23.1256 23.4375 26.75C23.4375 30.3744 26.3756 33.3125 30 33.3125Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"keep-your-toys-nearby\">Keep your toys nearby<\/h3>\r\n        <p>Hosts in your neighborhood means that your items are always close by.<\/p>\r\n      <\/div>\r\n      <div class=\"service-option\">\r\n        <div class=\"service-option-icon\">\r\n          <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"60\" height=\"60\" viewbox=\"0 0 60 60\" fill=\"none\">\r\n            <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M30 7.5C25.5499 7.5 21.1998 8.8196 17.4997 11.2919C13.7996 13.7643 10.9157 17.2783 9.21272 21.3896C7.50975 25.501 7.06417 30.025 7.93234 34.3895C8.80051 38.7541 10.9434 42.7632 14.0901 45.9099C17.2368 49.0566 21.2459 51.1995 25.6105 52.0677C29.975 52.9358 34.4991 52.4903 38.6104 50.7873C42.7217 49.0843 46.2357 46.2004 48.7081 42.5003C51.1804 38.8002 52.5 34.4501 52.5 30C52.5 24.0326 50.1295 18.3097 45.9099 14.0901C41.6903 9.87053 35.9674 7.5 30 7.5ZM41.5295 26.7545C42.7193 25.5646 42.7193 23.6354 41.5295 22.4455C40.3396 21.2556 38.4104 21.2556 37.2205 22.4455L26.7061 32.96L22.7795 29.0334C21.5896 27.8435 19.6604 27.8435 18.4705 29.0334C17.2807 30.2232 17.2807 32.1524 18.4705 33.3423L24.5516 39.4234C25.123 39.9948 25.898 40.3158 26.7061 40.3158C27.5142 40.3158 28.2891 39.9948 28.8605 39.4234L41.5295 26.7545Z\" fill=\"#005EB8\"><\/path>\r\n          <\/svg>\r\n        <\/div>\r\n        <h3 id=\"storage-made-simple\">Storage made simple<\/h3>\r\n        <p>Don't settle for stone age tech and long contracts. Neighbor makes it easy.<\/p>\r\n      <\/div>\r\n    <\/section>\r\n    <footer>\r\n      <button>Search nearby options <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"25\" height=\"24\" viewbox=\"0 0 25 24\" fill=\"none\">\r\n          <path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M11 2.90625C9.4981 2.90625 8.02993 3.35162 6.78114 4.18603C5.53236 5.02044 4.55905 6.20642 3.98429 7.594C3.40954 8.98157 3.25916 10.5084 3.55217 11.9815C3.84517 13.4545 4.56841 14.8076 5.63041 15.8696C6.69242 16.9316 8.04549 17.6548 9.51854 17.9478C10.9916 18.2408 12.5184 18.0905 13.906 17.5157C14.4508 17.29 14.9646 17.0029 15.4382 16.6618L19.5132 20.7368C19.9892 21.2127 20.7608 21.2127 21.2368 20.7368C21.7127 20.2608 21.7127 19.4892 21.2368 19.0132L17.1618 14.9382C17.2137 14.8661 17.2645 14.793 17.314 14.7189C18.1484 13.4701 18.5938 12.0019 18.5938 10.5C18.5938 8.48601 17.7937 6.55451 16.3696 5.13041C14.9455 3.7063 13.014 2.90625 11 2.90625ZM14.7493 14.0398C14.9463 13.8311 15.1264 13.6054 15.2873 13.3647C15.8538 12.5167 16.1562 11.5198 16.1562 10.5C16.1562 9.13248 15.613 7.82096 14.646 6.85398C13.679 5.887 12.3675 5.34375 11 5.34375C9.98019 5.34375 8.98328 5.64616 8.13534 6.21273C7.2874 6.77931 6.62651 7.58461 6.23625 8.52679C5.84599 9.46897 5.74387 10.5057 5.94283 11.5059C6.14178 12.5061 6.63287 13.4249 7.35398 14.146C8.0751 14.8671 8.99385 15.3582 9.99407 15.5572C10.9943 15.7561 12.031 15.654 12.9732 15.2638C13.5557 15.0225 14.086 14.6777 14.5398 14.2493C14.5699 14.2108 14.6028 14.1737 14.6382 14.1382C14.6737 14.1028 14.7108 14.0699 14.7493 14.0398Z\" fill=\"#EFF5F8\"><\/path>\r\n        <\/svg>\r\n      <\/button>\r\n    <\/footer>\r\n  <\/div>\r\n<\/a>\n  <\/div><\/body><\/html><h2 id=\"motorcycle-license-and-training\" class=\"wp-block-heading\">Motorcycle License and Training<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Obtaining a motorcycle license is a requirement before you can ride on the road. To get this, most states will have you complete a motorcycle safety course, which <em>you&rsquo;ll need to pass<\/em>. License and riding courses, which typically cost between <strong>$100 and $500<\/strong>, will teach you the basics of motorcycle operation and safety.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The license itself will cost anywhere from <strong>$10 to $30,<\/strong> depending on the state. <strong>In some states, you might also need to add an endorsement to your existing driver&rsquo;s license.&nbsp;<\/strong><\/p>\n\n\n\n<h2 id=\"motorcycle-insurance\" class=\"wp-block-heading\">Motorcycle Insurance<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Having motorcycle insurance can provide coverage against accidents, theft, or damage, and it&rsquo;s <em>often required<\/em> by most states.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Motorcycle insurance costs can vary widely<\/em><\/strong> based on several factors, including your <strong>age<\/strong>, <strong>driving record<\/strong>, the<strong> type of bike<\/strong>, and your <strong>insurance history.<\/strong> With these things in mind, you&rsquo;ll usually pay between <strong>$20 and $200 per month<\/strong> on insurance, depending on the coverage type. Liability-only coverage, which is the bare minimum, is typically your cheapest option.<\/p>\n\n\n\n<h2 id=\"maintenance-and-repairs\" class=\"wp-block-heading\">Maintenance and Repairs<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Similar to cars, keeping your motorcycle in optimal condition necessitates routine upkeep and sporadic repairs. Generally, you&rsquo;ll spend about <strong>$1,000 per year<\/strong> on repairs and maintenance. Some things you may need to get done include the following:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Routine tasks like oil changes<\/li>\n\n\n\n<li>Chain tension checks<\/li>\n\n\n\n<li>Tire pressure checks<\/li>\n\n\n\n<li>Carburetor tuning<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The<strong> age of the motorcycle<\/strong>, <strong>how often you ride<\/strong>, and your <strong>upkeep with preventative care <\/strong>are all factors that determine your maintenance and repair costs.<em> Pro tip: Regular servicing keeps your bike running smoothly and safely, and neglecting these tasks can lead to larger, more expensive repairs.<\/em><\/p>\n\n\n\n<h2 id=\"fuel\" class=\"wp-block-heading\">Fuel&nbsp;<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A significant advantage of motorcycle ownership lies in its fuel economy. An <a href=\"https:\/\/www.neighbor.com\/storage-blog\/6-best-motorcycles-for-beginners\/\">average motorcycle<\/a> can get about <strong>50 miles per gallon<\/strong>, whereas cars typically get about half that. This means you&rsquo;ll save money and become more environmentally friendly over time if you decide to use a motorcycle for transportation.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Most motorcycle owners will spend around <strong>$20 per full tank of fuel<\/strong> and around <strong>$300 per year<\/strong> on fuel.<\/p>\n\n\n\n<h2 id=\"motorcycle-storage\" class=\"wp-block-heading\">Motorcycle Storage<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Ownership costs can increase due to the need for motorcycle storage. This is especially true in the winter months, which can get pricey.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you don&rsquo;t have a garage, you might need to consider off-site storage options, which can tack on some additional costs. Proper storage is essential in protecting your motorcycle from the elements and keeping it in good condition.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">You can use <a href=\"https:\/\/www.neighbor.com\/\">Neighbor<\/a>, a peer-to-peer storage marketplace, to find vehicle storage options in your area. Monthly storage options for motorcycles will typically cost you <strong>$30 to $80 per month<\/strong>.&nbsp;<\/p>\n\n\n\n<h2 id=\"upgrades-and-accessories\" class=\"wp-block-heading\">Upgrades and Accessories<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Many motorcyclists love to upgrade and accessorize their bikes, but this comes at an added cost.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img  decoding=\"async\"  src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABAQMAAAAl21bKAAAAA1BMVEUAAP+KeNJXAAAAAXRSTlMAQObYZgAAAAlwSFlzAAAOxAAADsQBlSsOGwAAAApJREFUCNdjYAAAAAIAAeIhvDMAAAAASUVORK5CYII=\"  alt=\"\"  class=\" pk-lazyload\"  data-pk-sizes=\"auto\"  data-pk-src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXfSdbaXEG08qcUdDxX2wkQlUo9HTW7FP32X5XybtPbNLsAj3Ul9AAGFmY24sLGPVxjShGtoB-INFIlT9xQdMP6pVPuS5hJ6UQoKH4kHz1fsgPoQNjdGBXBsdKryy-xwuHuz3HPH7TYPZP1-z2iW-EGSi_w?key=D3Q2mC4tBtf5NwVVqOWuZA\" ><figcaption class=\"wp-element-caption\"><em><em>Courtesy of Pixabay<\/em><\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Popular upgrades include<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Crash bobbins, which protect your bike in case of a fall. These can cost up to around <strong>$100<\/strong>.<\/li>\n\n\n\n<li>Heated grips, which provide comfort in the winter months. You&rsquo;ll typically pay around <strong>$100 to $300<\/strong> for these.<\/li>\n\n\n\n<li>Customized exhausts, which can change the sound of your bike. Exhausts are usually <strong>$200 or more<\/strong>.<\/li>\n\n\n\n<li>Upgraded tires for better grip and handling. Each tire will typically be around <strong>$100<\/strong>.<\/li>\n\n\n\n<li>Radiator and oil cooler protectors, which can cost around <strong>$100<\/strong>.<\/li>\n\n\n\n<li>Clutch and brake levers for easier operation. These are usually in the <strong>$50 to $100 range<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">While these upgrades can make your ride safer and more enjoyable, they can <em>increase the price<\/em> of motorcycle ownership significantly.&nbsp;<\/p>\n\n\n\n<h2 id=\"final-thoughts\" class=\"wp-block-heading\">Final Thoughts<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">After spending thousands of dollars on your dream bike, you don&rsquo;t want to damage it by leaving it out in the elements, especially if the area you live in is prone to harsh winters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thankfully, if you&rsquo;re out of space in your home garage, there&rsquo;s another way to store your motorcycle. Using Neighbor, <em>a <\/em><a href=\"https:\/\/www.neighbor.com\/garages-near-me\"><em>peer-to-peer vehicle storage marketplace<\/em><\/a> will help you find<em> <\/em><strong>vehicle storage options in any neighborhood in the country <\/strong>with prices up to <strong>50% lower <\/strong>than traditional motorcycle storage selections.&nbsp;<\/p>\n\n\n\n<h2 id=\"frequently-asked-questions\" class=\"wp-block-heading\">Frequently Asked Questions<\/h2>\n\n\n\n<h3 id=\"how-much-should-i-budget-for-essential-riding-gear\" class=\"wp-block-heading\">How Much Should I Budget for Essential Riding Gear?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">You should budget around <strong>$1,000 to $1,500 for essential riding gear.<\/strong> This budget includes a helmet, jacket, gloves, pants, and boots.&nbsp;<\/p>\n\n\n\n<h3 id=\"how-much-is-the-average-motorcycle-payment\" class=\"wp-block-heading\">How Much is the Average Motorcycle Payment?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">If you don&rsquo;t pay for your new motorcycle in full, the <strong>average monthly payment<\/strong> is typically around <strong>$150 to $600.<\/strong> The price of the bike and interest rates will determine the exact amount.<\/p>\n\n\n\n<h3 id=\"is-owning-a-motorcycle-cheaper-than-owning-a-car\" class=\"wp-block-heading\">Is Owning a Motorcycle Cheaper than Owning a Car?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><em>Yes, it is generally cheaper. <\/em><\/strong>This is because a motorcycle&rsquo;s initial price is cheaper than a car&rsquo;s, insurance is much cheaper, and it&rsquo;s more fuel efficient.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"Owning a motorcycle can have its perks. They represent fun, freedom, and even sustainability (did you know motorcycles&hellip;\n","protected":false},"author":30,"featured_media":14562,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":""},"categories":[199],"tags":[],"class_list":["post-14663","post","type-post","status-publish","format-standard","has-post-thumbnail","category-motorcycles","cs-entry","cs-video-wrap"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Real Cost of Motorcycle Ownership: Beyond the Purchase Price - Neighbor Blog<\/title>\n<meta name=\"description\" content=\"Discover the real cost of motorcycle ownership, from initial purchase to maintenance, insurance, and hidden expenses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.neighbor.com\/storage-blog\/the-cost-of-motorcycle-ownership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Real Cost of Motorcycle Ownership: Beyond the Purchase Price - 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