The amount of money a person spends on their motorcycles per year can vary significantly depending on several factors, such as the number of motorcycles owned, the specific models, the extent of usage, maintenance and repair costs, insurance, modifications, and personal preferences.
Here are some potential expenses associated with owning multiple high-end motorcycles:
Purchase Cost: High-end motorcycles from brands like Ducati and Harley-Davidson can range from several thousand dollars to tens of thousands of dollars each. The total purchase cost will depend on the number of bikes owned and their respective prices.
Insurance: Insurance premiums will vary based on factors such as the type of coverage, the rider's age and riding experience, the value of the motorcycles, and the location. High-end motorcycles typically have higher insurance premiums compared to standard models.
Maintenance and Servicing: High-performance motorcycles often require more frequent maintenance and servicing, which can include oil changes, tire replacements, brake servicing, and general upkeep. Costs can vary depending on the brand, model, and the extent of maintenance required.
Modifications and Customization: Some motorcycle enthusiasts invest in aftermarket modifications and customization to personalize their bikes. These costs can range from minor aesthetic changes to significant engine upgrades, depending on individual preferences.
Fuel and Consumables: The cost of fuel will depend on the fuel efficiency of each motorcycle and the amount of riding done. High-performance motorcycles generally have larger engines and may consume more fuel.
Storage and Parking: If a person owns multiple motorcycles, they may need adequate storage or parking space, which could include garage rental fees or additional home infrastructure.
It is challenging to provide an exact figure for the annual expenses as they can vary greatly depending on the factors mentioned above. However, owning multiple high-end motorcycles can result in considerable expenses, including purchase costs, insurance, maintenance, customization, and fuel consumption. It's advisable for individuals considering such ownership to assess their financial situation and budget accordingly.