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

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

Postby TimothyW » Fri Aug 30, 2019 18:44 pm

It's interesting that you exclude commuting miles as they are basically how I justify my bike expenses, although I am a daily commuter where perhaps you aren't.

An annual train season ticket for me to get to work is £1,728, which is actually pretty good given I work in London and live outside the M25.

I'm pretty confident I haven't had a year where I've spent that amount on bikes, parts, clothes etc - well, perhaps one or two years ;-) - the more expensive years have been with the benefit of cycle scheme so I'm not paying the full sticker value after tax savings anyway.

I wouldn't consider driving to work - doesn't appeal to me in the least and would cost a small fortune as I'd need to get qualified and pay my first couple of years insurance, in addition to running costs.

Then I factor in that back in the day I used to spend near £50 a month on a gym membership, which I no longer need....

So yeah. Best bike is somewhere around £6 an hour although hard to be exact as bike has been through a couple of upgrades since it was new - it was £900 on cyclescheme but then had new 105 on it and some nicer wheels. It's cheaper than going to the pub, certainly....

Crescent
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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 19:13 pm

mrfpb wrote: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.


Ergo, the more bikes you have, the more money you are making.

Perhaps it can be proven mathematically : N+1 = (£+ 0.25) x D
(D= distance; N = bikes; £= money)
Where (N+1) < (S-1)

Maths and Latin, so it must be true. :)
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"

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

Postby Slowmart » Fri Aug 30, 2019 19:31 pm

Smiles per mile is the only measure that matters

Everything else is superfluous as there are no pockets in a shroud.
And God created the bicycle, so that man could use it as a means for work and to help him negotiate life's complicated journey.

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Alejandrosdog
Posts: 1957
Joined: Mon Feb 18, 2019 20:16 pm

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

Postby Alejandrosdog » Fri Aug 30, 2019 20:00 pm

8k 5 years ago so 40000 miles +

Cheap as chips even adding in chains cassettes and the odd bartape and cables.

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 » Sun Sep 01, 2019 06:49 am

Thanks for all of the replies and votes!

TimothyW wrote:It's interesting that you exclude commuting miles as they are basically how I justify my bike expenses, although I am a daily commuter where perhaps you aren't.

I thought excluding commuter bikes (not necessarily commuter miles if you do them on your good bike!) would be best because, as I mentioned in the OP, I think most people will have a beater bike that we traded for two buttons and a mars bar that has been going on year-after-year. And paradoxically, I suspect most people spend the least time on the nice bikes that cost them the most.

I am a daily commuter, I have a bike-train-bike commute, the first leg to the station on my own beater bike and the last on the Boris Bikes around London. Doing the maths for both of those is quite interesting; my beater costs £250 and only racking up 20 mins per day means I'm still only just under £2 per hour; the Boris bikes are £90 per year, so at 40 mins per day for say 180 working days per year (exc. rainy and lazy days where I catch the tube!) we're talking 75p per hour, so comfortably the cheapest out of all of my options, but obviously I have zero equity in that.


Slowmart wrote:Smiles per mile is the only measure that matters

Everything else is superfluous as there are no pockets in a shroud.

Whilst I think this is a laudable philosophy, I think most people will rationalise things based on cost and not spend every last penny that they have available on a new bike. I was wondering where people draw that line in their head and how it actually pans out in reality.

If you do truly live life based on this philosophy, you can vote based on where your smiles-per-pound metric starts to trend downwards :wink:

NitrousOxide
Posts: 3809
Joined: Thu Mar 01, 2007 16:52 pm

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

Postby NitrousOxide » Sun Sep 01, 2019 07:52 am

Roughly just under £2 for ~2.3 years of ownership if I've worked it out correctly, excluding clothing; consumeables (tyres, chain cassettes, disc pads); component "upgrades;" accessories (GPS, turbo etc.); jelly babies etc. etc.

And I'm feeling far too woolly/tired to be capable, or even be interested in totting up all those extras besides the bike price right now!
================
2017 Cube Attain GTC Pro Disc 2016
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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 » Sun Sep 01, 2019 07:57 am

NitrousOxide wrote:And I'm feeling far too woolly/tired to be capable, or even be interested in totting up all those extras besides the bike price right now!


Yeah, all those things definitely add up, especially when you approach the point where your frame is the only original part of your bike left(!) but I thought I'd try to keep it simple; I might have an audit of my email receipts at some point and see just how serious it is!

FatTed
Posts: 1188
Joined: Sun Oct 21, 2012 22:47 pm

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

Postby FatTed » Sun Sep 01, 2019 10:37 am

40,000 K on my bike so I guess less than a quid per hour

Dannbodge
Posts: 819
Joined: Fri Jul 15, 2016 10:42 am

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

Postby Dannbodge » Mon Sep 02, 2019 08:27 am

Not including any other kit, I'm around £9 an hour and 35p a km (56p a mile).

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ugo.santalucia
Posts: 24127
Joined: Thu Apr 17, 2008 10:39 am

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

Postby ugo.santalucia » Mon Sep 02, 2019 09:17 am

so far 20,000 Km and an estimated 800 hours... so I guess I am in the £ 1-2 bracket

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homers double
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Joined: Mon Apr 07, 2003 14:16 pm

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

Postby homers double » Mon Sep 02, 2019 09:29 am

Image
Advocate of disc brakes.

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Step83
Posts: 3273
Joined: Wed Mar 13, 2013 17:23 pm

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

Postby Step83 » Mon Sep 02, 2019 09:36 am

£16.94 per hour :lol: in my defence I'm going on my ridden distance this year so far, going on last years distance it would be about £6, had a lot going on.

If I did this year on my turbo bike it would be like 80p an hour.

Either way, bike makes me happy an helps with my stress, something you cant put a price on in my opinion.

cowboyjon
Posts: 79
Joined: Fri Jun 29, 2018 10:52 am

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

Postby cowboyjon » Mon Sep 02, 2019 11:10 am

Almost nothing I can do regarding the cost of my bikes and gear (within reason) can come close to touching the amount of money I have thrown away over the years on motorcycles.

The way I see it I'm winning regardless and I'm lucky in that the wife sees it that way too

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 » Mon Sep 02, 2019 12:37 pm

cowboyjon wrote:Almost nothing I can do regarding the cost of my bikes and gear (within reason) can come close to touching the amount of money I have thrown away over the years on motorcycles.

The way I see it I'm winning regardless and I'm lucky in that the wife sees it that way too


Yep - you want to try scuba diving. Now that is a way to spend money on a hobby!

HaydenM
Posts: 2638
Joined: Mon Feb 08, 2016 09:03 am

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

Postby HaydenM » Mon Sep 02, 2019 13:19 pm

My best bike is an MTB, it arrived on Friday so it works out at about £600/hr at the moment...

KingstonGraham
Posts: 7218
Joined: Thu Jun 05, 2008 19:54 pm

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

Postby KingstonGraham » Mon Sep 02, 2019 14:19 pm

About £3/hr. Less than £2 if you forget about the replacement wheels, power meter, consumables etc. Pretty happy with that, as it saves me £8/hr when I commute on it.
and then the next thing you know

Slowbike
Posts: 8249
Joined: Wed May 02, 2012 09:26 am

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

Postby Slowbike » Mon Sep 02, 2019 14:41 pm

Hmm - £/hr - or £/mile - because if you go for £/hr then the faster you go the more expensive it becomes ...

anyway - can't really give a true figure because I've upgraded the groupset, replaced replacables and bought spares - for which I have no tally - and couldn't really because the groupset trickled down to the winter bike - so what value to put on there? Wheels have been swapped around & replaced.

It's a bike, I like riding it - £/hr - not enough, I'd like to spend more on it - in both money and time

KingstonGraham
Posts: 7218
Joined: Thu Jun 05, 2008 19:54 pm

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

Postby KingstonGraham » Mon Sep 02, 2019 14:58 pm

Slowbike wrote:Hmm - £/hr - or £/mile - because if you go for £/hr then the faster you go the more expensive it becomes ...


As a leisure activity, £/hr makes an easier comparison with other ways you might choose to spend the short time we have on this planet.
and then the next thing you know

HaydenM
Posts: 2638
Joined: Mon Feb 08, 2016 09:03 am

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

Postby HaydenM » Mon Sep 02, 2019 15:11 pm

I love riding my bike so much I couldn't care less (within reason). My justification for owning them is how much I can afford to blow at any one time without crying, or the OH leaving me

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

Postby Slowbike » Mon Sep 02, 2019 15:16 pm

KingstonGraham wrote:
Slowbike wrote:Hmm - £/hr - or £/mile - because if you go for £/hr then the faster you go the more expensive it becomes ...


As a leisure activity, £/hr makes an easier comparison with other ways you might choose to spend the short time we have on this planet.


I sail as well - it doesn't compare! :lol:


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