Finimpact

Frequently Asked Questions(FAQ)

Is it worth buying a motorcycle brand-new?

For many people, buying a motorcycle brand-new is worth it. By buying your bike new, you will have peace of mind knowing that you won’t be faced with any unexpected maintenance issues.

How much do motorcycles cost?

While the cost can vary, a new decent-quality motorcycle can cost between $6,000 and $15,000. A typical price for a used motorcycle is between $4,000 and $10,000.

Are motorcycles more expensive than cars?

No, motorcycles are considerably cheaper than cars - both to buy and to own. Motorcycles use less gas, have lower insurance premiums, and are even cheaper to park.

About the Authors

Tetiana Sitiugina-Babiuk

Written by: Tetiana Sitiugina-Babiuk

Financial Sector Specialist and Content Strategist

Independent writer, content strategist, and financial sector specialist. Tatiana has an extensive experience in working with financial institutions such as Bank of Canada and Risk Management unit at FinDev Canada. She holds an MA in Financial Risk Management from the University of Toronto.

More about me

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