Biking to work saves you money. Lots of money. In 2015, the average American household is forecast to spend $1,962 on gasoline and motor oil. Shockingly, that would be the lowest average fuel expenditure in the US since 2009! Add on vehicle maintenance, the occasional repair, insurance, and the skyrocketing cost of parking, and you have an average yearly cost of $9,000 USD just to own a standard sedan in America. Conversely, a brand new commuter bike retails at anywhere from $250-$1,500 USD depending on the brand, style, and components you’re after, with an average yearly maintenance cost of around $50 USD. Unless you want to maintain your bike yourself, then it’s close to free! One-off purchases of a lock and lights will run you about $60-$200 USD depending on the quality. So even if you went for the most expensive options in each case, you’re still looking at savings of around $7,050 USD in your first year, with savings of up to $9,000 each year after that. Not a bad deal!
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