Hello I think that you’re probably wondering How much it costs to get From here to here But first a little trivia What do these three things have in common An iPhone 6 Plus A quad core budget PC And a 36 pack of condoms from Venezuela Well they all cost $750 That’s right And you can expect to pay that same amount Per month in your first year Of riding a motorcycle In Ontario Canada anyway How’s it going people Brown Brady here And in this episode I’m gonna talk about the costs associated In your first year of riding a motorcycle So how did I arrive at that figure Let’s break it down The first cost is obviously your license In Ontario Canada this is $74 And that includes the Knowledge Test Your 90 day M1 license And the M2 Road Test In Ontario the only required gear is a helmet And a good helmet should cost you around $150 However I also recommend that you get A riding jacket A pair of riding gloves And a pair of riding boots All in all it should cost you around $500 Although optional Taking a motorcycle safety course is extremely recommended There are just too many lessons better learned In a controlled environment than out in the streets There could also be potential savings For new riders who have completed a safety course Riders Training Institute or RTI Charges $420 for their basic course Your largest one time cost is most likely Going to be your motorcycle But if you’re like me I just picked out a CBR 250 And it only cost me $3000 Plus the registration fee Depending on your age your riding history And the type of motorcycle Your insurance cost could vary wildly In my case with my CBR 250 My insurance cost was around $742 a year And this was through TD Insurance I am in no way affiliated with TD Insurance And they are not paying me to endorse them But having said that If TD Insurance is watching. The advantage of buying a small displacement engine Like the CBR 25O Is that it only cost me $10 a week to fuel it This is about $340 a year You could spend the same amount per month On a small sedan Maintenance costs are minimal and are associated to Winterizing or de-winterizing the bike This includes an oil change Air filter inspection or replacement And chain cleaning Which is probably around $100 Modifications are optional But you will most likely do it anyway So let’s say you modified the exhaust The fender and lights This should cost you around $800 So to sum it up you’re gonna need a License for $74 Riding gear for $500 Motorcycle safety course for $420 Motorcycle for $3000 Registration for $42 Insurance for $724 Fuel and maintenance for $440 And modifications for $800 Which is a grand total of $6000 And since you are only riding for Eight months out of the year That is an average of $750 a month If you could survive the streets for just one year Year two promises to be more affordable Because most of your one time costs are gone So if you are planning on getting From here to here Start saving up for it this year And you’ll be ready by next year Perhaps you could forego the temptation Of buying stuff or plan to be more frugal And that about concludes this episode If you liked this video please hit that like button Or better yet hit that subscribe button And I’ll see you in my next video As always ride safe And thanks for watching This includes the M1 In Ontario Canada You look like a bobble head.
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