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Offline VMAN

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Renting a bike vs Owning a bike
« on: August 26, 2008, 01:08:43 pm »
A question arose recently as to the costs of renting a bike when you want to go on a trip and I got the following from GS Adventures:

The costs for the bike rental is roughly R850 per day for a F650 and R1200 for a 1200GS. The price includes vat, insurance and unlimited kilometres.

At first glance, this sounds ridiculously expensive, but then I started making a few sums...

Insurance on GS = R400 per month
Service once a year = R2000
Tires = 1700

Cost of having a GS in your garage = R8500 per year (Excluding any depreciation)

Plus depreciation @ only 10% per year = R20 000 per year!!!!

That is equal to 7 days (or 17 days including depreciation) of rental of a 1200 GS.

Depending on how many trips you want to do during the year, this is not such a bad idea then.
And you are always on a newish bike.

[I think you can get better rates at other people, but if you are going on a trip with these people, use their bike, so when it breaks down, they are there with you.
Their rates for trips are reasonable]

And you could also add the lost interest on an investment you could have made with your R100K, another R10 000 at 10% per year in a money market account.
Thus you could rent a GS for another 8 days with the interest on your money market account alone.

That is a whopping total of 25 days! Almost 4 weeks!

I have used my bike for 11 days this year. Excluding the times I ride it to work.

SH#T! I think I am going to sell my bike.

OR am I missing something?
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Offline Eisbein

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Re: Renting a bike vs Owning a bike
« Reply #1 on: August 26, 2008, 01:13:14 pm »
I just like having the bike.

To me having it for a 30 minute 'neighbourhood explore', a 4 hours mountain quick morning jaunt, a weekend breakaway or a 3 week tour as well as the ride to work and back is what having a bike is about.

I will not be able to live with a bike for 25 days a year.



And besides - you do that for 4 years, the 5th your bike is yours...


If you can do it like that, by all means - I won't be able to live without mine if I have a choice in the matter.
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Offline IceCreamMan

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Re: Renting a bike vs Owning a bike
« Reply #2 on: August 26, 2008, 01:15:47 pm »
i ride every day of my life ...at that rate according to your sums a gs 12 would cost me 400k to rent for one year...

nuff said
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Offline Trailrider

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Re: Renting a bike vs Owning a bike
« Reply #3 on: August 26, 2008, 01:25:48 pm »
Own is better.

but if you are going on a trip with these people, use their bike, so when it breaks down, they are there with you.

I don't want "them" with me. Also, I want to do my own trip en ride where I want. Not "their" trip. Nah, own is waaaaaaaaay better. If cost is such a factor why buy a GS1200? You could get away a lot cheaper than that.
« Last Edit: August 26, 2008, 01:26:27 pm by Trailrider »
 

Offline Madala

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Re: Renting a bike vs Owning a bike
« Reply #4 on: August 26, 2008, 01:30:30 pm »
Use it Vman, use it. The more you ride, the more you save! :ricky:
 

Offline brettp

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Re: Renting a bike vs Owning a bike
« Reply #5 on: August 26, 2008, 01:36:52 pm »
I look at it a little differnetly, if you rent, you never own!

Simple......  :ricky:

At the end of your finance lease you have an asset that can always be sold and a portion of your initial expence can be re-couped? With the rental option, its a dead write off......

No brainer if you ask me...... :thumleft:
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Offline Briekmerk

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Re: Renting a bike vs Owning a bike
« Reply #6 on: August 26, 2008, 02:03:44 pm »
I look at it a little differnetly, if you rent, you never own!

Simple......  :ricky:

At the end of your finance lease you have an asset that can always be sold and a portion of your initial expence can be re-couped? With the rental option, its a dead write off......

No brainer if you ask me...... :thumleft:

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Hijack off
« Last Edit: August 26, 2008, 02:04:14 pm by CJ »
 

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Re: Renting a bike vs Owning a bike
« Reply #7 on: August 26, 2008, 03:00:35 pm »

I have used my bike for 11 days this year. 


Sell your bike.........your not really into biking!  :patch:
 

Offline brettp

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Re: Renting a bike vs Owning a bike
« Reply #8 on: August 26, 2008, 03:04:57 pm »
I look at it a little differnetly, if you rent, you never own!

Simple......  :ricky:

At the end of your finance lease you have an asset that can always be sold and a portion of your initial expence can be re-couped? With the rental option, its a dead write off......

No brainer if you ask me...... :thumleft:

Hiljack on

What are you doing here, back to work! ;D ;D

Hijack off

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Offline RobC

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Re: Renting a bike vs Owning a bike
« Reply #9 on: August 26, 2008, 03:07:41 pm »

I have used my bike for 11 days this year. 


Sell your bike.........your not really into biking!  :patch:
+100
I have probably not rode 11 days this year! >:D
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Offline Captain Zef

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Re: Renting a bike vs Owning a bike
« Reply #10 on: August 26, 2008, 03:48:58 pm »
I ride every day......pozers can go rent :pot:
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Re: Renting a bike vs Owning a bike
« Reply #11 on: August 26, 2008, 03:52:06 pm »
Half the fun is fitting farkles and bling, and debating which tyres are next, try and do that with a rental. ::)
 

Offline VMAN

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Re: Renting a bike vs Owning a bike
« Reply #12 on: August 28, 2008, 07:24:05 am »
OK, OK, I didn't inlude the morning runs to Cullinan, Harties, Magalies, Breedtsnek, Brits Canals, etc.

Sell it? Not a change I like coming home and seeing the bike waiting in the garage.

But, I need new riding partners, my friends are the pozers!
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Offline Mzee

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Re: Renting a bike vs Owning a bike
« Reply #13 on: August 28, 2008, 11:46:06 am »
When something is yours, it is not the same thing when it is not!  There is no basis for comparison :biggrin:
« Last Edit: August 28, 2008, 11:46:46 am by Mzee »
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Offline Boerie

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Re: Renting a bike vs Owning a bike
« Reply #14 on: August 29, 2008, 10:50:18 am »
OK, OK, I didn't inlude the morning runs to Cullinan, Harties, Magalies, Breedtsnek, Brits Canals, etc.

Sell it? Not a change I like coming home and seeing the bike waiting in the garage.

But, I need new riding partners, my friends are the pozers!

I'll ride with you V !  ;) Got my scoot last week GS1150 Ek sal om pop na jou toe en kom wys. Of loer somemr oor die muur  :thumleft:
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Offline Maya_The_Bee

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Re: Renting a bike vs Owning a bike
« Reply #15 on: August 29, 2008, 10:59:48 am »
Its YOUR bike ! YOURS  8) ure joy n pride. ure toy ... renting a bike being responsible for someoneelse s bike , never being able to add anything on it, if the cost of the GS is too much then buy a cheaper bike but have ure own bike.  :thumleft:

and every morning you ll walk into ure garage n there s no baby there? such a depressing way to start a day.. :'(

my humble opinion..
 

Offline Tr0jan

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Re: Renting a bike vs Owning a bike
« Reply #16 on: August 29, 2008, 11:34:31 am »
Ive only ridden my bike 3 days this month ( >:D >:D >:D if your count the hours  :patch:)
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Offline stroom

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Re: Renting a bike vs Owning a bike
« Reply #17 on: August 29, 2008, 11:48:12 am »
will not be able to live with a rental.  get away for couple of hours on the weekend, OOOPS no wheels in the garage.

40 minutes to santon instead of 80 minutes.... :laughing4:
 

Offline BlueBull2007

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Re: Renting a bike vs Owning a bike
« Reply #18 on: August 29, 2008, 04:08:17 pm »
Slight hijack:

Would any of you consider renting a 800/1200/990 out in PerĂº?  Youre looking at around $150-220/day plus around R14,000 for the return flight. Accommodation fuel & food here is about 25% cheaper than in SA. Thinking about opening a small business.
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