Whenever you are considering a large purchase, you need to step back and take a look at all of the costs involved, like for instance, when purchasing an electric bike. Rarely does a purchase mean you buy something and go anymore. There are memberships involved, additional items required in order to run an item, electricity to power the item or even other special equipment needed in order for the item to run properly. The same goes when you are thinking about purchasing an electric bike. Are there other costs associated with owning one? Evaluate the costs associated with owning an electric bike before you make a purchase and potentially regret it down the road.
Electricity with Electric Bike
An electric bike needs that in order to run – electricity. The electric bike does not use gas in order to power the motor, but a battery. The battery is rechargeable, but how? Where? Batteries can be recharged anywhere that has electricity. So to evaluate the costs with your electric bike, you need to consider how much you will be using the bike. For daily use, you will need to charge the battery every day. Charging it every day will make your electric bill go up. Are you charging the battery at work during the week? Then your electric bill won’t go up at home, but you should check with your employers to make sure charging it at work is an option.
Maintenance of Electric Bike
An electric bike isn’t a whole lot different in terms of a traditional bike when it comes to maintenance. The seat and handlebars should be protected from the elements to last longer. The only difference is that the motor should be checked to make sure it is clean and lubricated for use on your electric bike. Standard care then applies to keeping the frame clean and oiling the gears and chain after several months of use.
Storage on Electric Bike
One expense you might not think of when it comes to an electric bike is the storage of it. When you live in a house with a garage, then you won’t need to worry over storage. However, if you live in the city with a small apartment or a dorm room with no storage, you might need to think about adding storage costs to your list. You want to keep your bike out of the elements and in a safe location, so it might require paying for a storage space or stall. In a dorm, you have no other options besides the bedroom or the bike rack out front. You will have to determine if either one is theft proof and whether the expense of storing an electric bike is worth it or not.
The Bike Itself
Depending on what you want to do with your bike will determine some of the specifications on it, which will change the price. For example, bikes that need speed for racing will have a larger motor in them. The larger the motor, the more battery it requires to run. The bigger motors and batteries are more expensive, meaning your electric bike will cost closer to $1,000 or more. Bikes that have smaller motors, with a smaller output from the battery will cost considerably less. Small electric bikes can range from $350 – $800. And with the specific brands, you can have an even wider range of prices for your bike.
Even though the bike itself will be a big expense and the electricity to charge the battery, the bike could save you money down the road. Will you be riding the bike to work or school every day instead of driving a car? An electric bike will pay for itself within a few weeks if you aren’t buying gallons of gas for your commute. It might even save you time if you aren’t sitting in traffic in a congested city.
Weigh all of your pros and cons with expenses of an electric bike before you go out and make the purchase. If you don’t plan on using the bike much, then it won’t make any sense to spend the money in the first place. For people who plan to use their electric bike all of the time, it makes sense to go out and do it right away.