How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

General bike chat that does not fit elsewhere

How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

£20+ per hour
10
16%
£10-20 per hour
5
8%
£5-10 per hour
9
15%
£2-5 per hour
13
21%
£1-2 per hour
13
21%
Less than £1 per hour
12
19%
 
Total votes: 62

BuckMulligan
Posts: 1093
Joined: Sat Mar 12, 2011 20:18 pm

How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby BuckMulligan » Fri Aug 30, 2019 13:06 pm

I was just chatting to some colleagues at work about going out cycling at the weekend; the cost of my bike came up and as non-cyclists they were naturally horrified at the thought of any bike costing over £1000 :? I feel like I've racked up a fair few miles on my current "nice" (read: expensive) bike so took a wild stab in the dark and exclaimed "well it's probably cost me less than £1 per hour I've spent riding it in the two and a half years that I've had it so it's not too bad value-wise".

Naturally, this being the age of the technology, I decided to check Strava and see if that was in fact true and disappointingly I've only racked up 828 hours of bona fide cycling (i.e. not commuting) so probably somewhere around ~500 hours on my nice bike. For a bike that cost £1600 when I bought it (which I think most people here would regard as fairly reasonable for a nice bike) that still puts me at a current cost over £3 per hour!

Compared to other hobbies, I'm sure that's a bargain, but just wondering how you guys are faring? Let's keep it to your "best" bikes, because I'm guessing most people's 10 year old beaters will come in at less than £1 per hour even with maintenance costs!

Imposter
Posts: 10358
Joined: Fri Jan 25, 2013 17:17 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Imposter » Fri Aug 30, 2019 13:10 pm

The short answer is "don't know/don't care".

If anyone is getting to the point where they justify bike ownership using a cost/benefit analysis, then they're in the wrong sport/hobby, in my view...

BuckMulligan
Posts: 1093
Joined: Sat Mar 12, 2011 20:18 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby BuckMulligan » Fri Aug 30, 2019 13:16 pm

Thanks for your input Imposter; insightful and friendly, as always! :lol:

Imposter
Posts: 10358
Joined: Fri Jan 25, 2013 17:17 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Imposter » Fri Aug 30, 2019 13:19 pm

BuckMulligan wrote:Thanks for your input Imposter; insightful and friendly, as always! :lol:


Insightful or not, I certainly wasn't intending it to be unfriendly..?

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monkimark
Posts: 660
Joined: Wed Oct 03, 2012 16:38 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby monkimark » Fri Aug 30, 2019 13:24 pm

I'm around £1.30 an hour I reckon, although it's a fair bit more once you add in bike clothes, spares and maintenance.
I kind of do justify bike purchases based on how much use they will get (in a much more vague way usually). When I was barely riding, it wouldn't make sense to spend a grand on a bike that's gathering dust in the shed, now I'm back into it a bit I'm happy to spend more on something I will use.
Seems like a perfectly reasonable way of looking at it

Fenix
Posts: 4621
Joined: Tue May 26, 2015 14:25 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Fenix » Fri Aug 30, 2019 14:03 pm

Interesting statistic. Just over £5 an hour - so at least its cheaper than renting ! Still a lot of life left in the bike yet though.

joey54321
Posts: 1211
Joined: Sat Dec 12, 2009 22:00 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby joey54321 » Fri Aug 30, 2019 14:19 pm

Not sure how to calculate hours but Strava says I've done over 12k miles on my "Summer bike" which cost ~2k. Though since I also use this bike on the turbo it has been used for more than just the recorded 12k. At an average speed of 18mph that would be ~650 hours so it's a similar £3/hour.

Surprising it is that much when put into perspective but I do really enjoy the bike (Scott Foil, DI2, Zipp 404s) so don't think I'd change anything.

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bradsbeard
Posts: 292
Joined: Tue May 19, 2015 12:46 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby bradsbeard » Fri Aug 30, 2019 14:26 pm

Nowt better to be spending pound notes on! As said add kit and spares and whoa does it add up! But it makes me happy.

Aberdeen_lune
Posts: 455
Joined: Thu Jan 03, 2008 11:06 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Aberdeen_lune » Fri Aug 30, 2019 14:38 pm

I’ve had a few that cost me zero as large metal objects with 4 wheels squashed them and the car insurance companies paid out. My current good bike has done about 20,000 miles and it cost me £2k. Though I must admit I’ve added a few fancy bits to it.

david7m
Posts: 525
Joined: Wed May 23, 2018 08:26 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby david7m » Fri Aug 30, 2019 14:44 pm

You'd need to deduct current market value to get a true cost per mile :lol:

MugenSi
Posts: 549
Joined: Thu Dec 27, 2012 12:43 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby MugenSi » Fri Aug 30, 2019 14:47 pm

I built my best bike in January this year/ I have used it for approx. 10 hrs since then (I have 3 other bikes and used them more often) and so therefore mine is working out at approx. £300 an hour.

Neil Grubb
Posts: 34
Joined: Thu Jan 05, 2017 19:57 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Neil Grubb » Fri Aug 30, 2019 14:50 pm

About £1 per hour. I would count my short (4 mile each way) work commute in this as I have saved time (about half the time to get to work) and fuel cost compared with car. Over the 4 years I have commuted, approx 1000 work days, that's 8000 miles less in the car during which it would have spent half its time crawling inefficiently!

SurferCyclist
Posts: 818
Joined: Thu Jul 06, 2017 07:37 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby SurferCyclist » Fri Aug 30, 2019 14:54 pm

Imposter wrote:The short answer is "don't know/don't care".

If anyone is getting to the point where they justify bike ownership using a cost/benefit analysis, then they're in the wrong sport/hobby, in my view...


For once we are in agreement.

User avatar
JoeNobody
Posts: 570
Joined: Thu Jun 02, 2011 09:42 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby JoeNobody » Fri Aug 30, 2019 15:42 pm

I need to ride mine more - I'd estimate around £75/hour...

Daniel B
Posts: 8539
Joined: Wed Mar 08, 2006 12:43 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Daniel B » Fri Aug 30, 2019 16:13 pm

Also depends a lot on how long you have owned said bike, and how many other bikes you use.
Felt F70 05 (Turbo)
Marin Palisades Trail 91 and 06
Scott CR1 SL 12
Cannondale Synapse Adventure 15 & 16 Di2
Scott Foil 18

Crescent
Posts: 1039
Joined: Sat Sep 19, 2009 02:16 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Crescent » Fri Aug 30, 2019 16:49 pm

Interesting (and a bit scary) to count it up. My newest/best bike (BMC) cost £2200 and has covered 1250 miles in the year that I've owned it. It doesn't get used in winter and shares summer duties with my "second best" bike. At an average of 16mph(ish) that works out about £28 an hour or £1.75 per mile. Thankfully, I really like it and don't intend to get rid of it anytime soon so it'll soon pay for itself......won't it ?
Having said that, the enjoyment, fitness, health benefits and sheer pleasure of cycling are not something I would put a price on. I still intend to spend plenty more on my hobby :D
Ribble Gran Fondo
Bianchi Impulso
BMC Teammachine

“When I see an adult on a bicycle, I do not despair for the future of the human race. “ ~H.G. Wells
Edit - "Unless it's a BMX"

MrB123
Posts: 2070
Joined: Thu Jul 03, 2014 16:12 pm

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby MrB123 » Fri Aug 30, 2019 17:44 pm

About 10k miles on it so far, build cost was £2,500. Wouldn't like to speculate how much I've spent on cycling clothing and other paraphernalia in the time I've had it though.

mrfpb
Posts: 3884
Joined: Tue Apr 16, 2013 10:44 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby mrfpb » Fri Aug 30, 2019 18:16 pm

Remember that you save 25p per mile by bike vs. car commuting (going by the taxman's allowances of 20p vs 45p per mile) so your bike is probably earning you money.

mrfpb
Posts: 3884
Joined: Tue Apr 16, 2013 10:44 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby mrfpb » Fri Aug 30, 2019 18:21 pm

MrB123 wrote:About 10k miles on it so far, build cost was £2,500. Wouldn't like to speculate how much I've spent on cycling clothing and other paraphernalia in the time I've had it though.


It has been noted when the laundry is sorted I always have the biggest pile - and I have three teenage daughters in the house!

Shirley Basso
Posts: 3080
Joined: Thu Nov 16, 2017 09:39 am

Re: How Much Has Your "Best" Bike Cost You in Pounds per Hour of Usage?

Postby Shirley Basso » Fri Aug 30, 2019 18:27 pm

3k bike 2,200 miles. Not ideal but hey ho.


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