There is SO much to this topic, but I got this. I’m on nightshift with nothing better to do.
The question really should be how much EXTRA expense does moto add to your life? Mortgage, insurance, etc are the necessities of life, cost of living variables are too broad per person.
Quick answer: $1.45/hr
Long answer:
Going with some realistic base moto budgeting for someone interested in the sport here.
Factoring in a bike/start up costs? Let’s get you a factory edition for $11,000. Just kidding, found you an 05 yz250 for $2000(says George baker on the number plates, but no biggie). This is going to last you 5 years.
-$400/year
Doesn’t sound like this rider rides much, so we are only doing bigger maintenance once a year. $400 per year maintenance. You’ll get tires, top end kit, brake pads, clutch pack, chain/sprockets, oil, lower shock bearing(you’ll be regreasing your linkage often and tricking your mind into thinking the rest of the bearings are still good). You are running a lot of Tusk racing components here to save some money, but “in Tusk we Trust”, just ask Stacy Crute.
-$400/year
Get some gear for $400. You’ll buy previous year items to save money, and put the majority into decent boots and helmet. Buy gently used if you need. This stuff will last you a couple years. You don’t need that gear Ken Roczen was wearing (I keep telling myself this but it doesn’t work). It can get cheaper but we aren’t letting you get kitted up with that chrome flame Vega helmet from the Harley store.
-$200/year
Track fees? $25 practice entry per week, $25 gas to get there.
-Good news though, Old Man Webster is letting you ride on his farm, and you met some buddies that have private tracks, so we can eliminate some expenses. $100 a month to spoil yourself with a couple track days and private fees. You ride April-October
-$700/year (your biggest expense is actually riding. This is a good thing)
Chances are you’ll need a vehicle to haul the bike, so I’ll factor that in. Don’t need a monthly payment for this, it’s just the moto rig. Just saw a 2002 s10 for $1500. I rolled this way for 4 years, so this isn’t an unrealistic thing for the average rider. Hell I’ll credit you $1000 to replace tires, ball joints, tranny lines, a battery, starter, alternator, and waterpump/belts throughout the life of the truck(it’s an s10, trust me). Truck lasts you 5 years.
-$500/year
Race once or twice a year, $100 per race should cover all your expenses. Roll with a buddy and save yourself some gas money.
-$200/year
So figure if you’re in the sport for 5 years, you’re looking at approximately $2400/year, $200/month for an average rider to be able to enjoy the sport including all necessary expenses. $1.45/hr for a full time employee will cover this.
Bonus, after 5 years you can still sell your bike for $1500, and your truck for $800 to recoup some of the cost, or apply to your next bike/truck purchase.
Obviously people do it way bigger than this, and certainly it can be done cheaper. I’ve always leaned towards the cheaper side of the sport for a racer, and still implement ways to be cost effective, though I spoil myself at times nowadays.