BMW Luxury Touring Community - Reply to Topic
Thread: One Year of LT Miles & Cost Reply to Thread
Title:
Message:
Trackback:
Send Trackbacks to (Separate multiple URLs with spaces) :
Post Icons
You may choose an icon for your message from the following list:
 

Register Now



In order to be able to post messages on the BMW Luxury Touring Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










  Additional Options
Miscellaneous Options

  Topic Review (Newest First)
Aug 25th, 2013 6:30 pm
saddleman
Re: One Year of LT Miles & Cost

I paid $600 for my 2000LT & spent $400 fixing it & if I keep it 20 years . I feel that if I was to put around 40,000 miles a year on my wifes car it would have a higher cost per mile than the LT.
Aug 25th, 2013 5:14 pm
gary45
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
I brought this back up so as not to hijack Jeff's 300,000 mile post anymore. I did not include the registration cost of $18 per year & I don't ever consider the cost of my vehicle either in the yearly operating expenses. I have to have a vehicle to get to work & run errands & I choose a bike. I keep most of my vehicles for 20 years or so. My wifes car is 27 years old.
I look at it the same way, it is my vehicle for 6 months of the year, insurance goes by engine size ONLY in Ontario, the LT gets extremely good gas mileage, almost 3 times my 91 Taurus and insurance is about 2/3 the cost of what I would pay for a second car
Aug 25th, 2013 5:12 pm
Voyager
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
I brought this back up so as not to hijack Jeff's 300,000 mile post anymore. I did not include the registration cost of $18 per year & I don't ever consider the cost of my vehicle either in the yearly operating expenses. I have to have a vehicle to get to work & run errands & I choose a bike. I keep most of my vehicles for 20 years or so. My wifes car is 27 years old.
Good idea.

I count all costs related to the vehicle. Capital and insurance can be significant so I count them. I keep my vehicles a long time also. Not as long as you as northeast winters with their road salt precludes that. My pickup is 19 years old, but the rust I getting bad now. I hope to get to next May and make 20 years, but that will likely be the end of the road for the old Chevy.

The truck cost me $21,000 and will likely have only 150,000 when I retire it. Assuming near zero residual value, that is $0.14 per mile. I paid $21,500 for my LT and last time I checked it was worth only $13,000. So it has cost me $8,500 in depreciation over 38,000 miles or $0.22 per mile. And my truck is on the high side. My cars have averaged $0.10 or so per mile or about half of the cost of the LT.

And tires are much less for the cars. My last set for my Sonata cost less than the last set or the LT and will likely run 50,000 miles vs. 10,000 for the bike.

A motorcycle is like an airplane in the sense that you simply can't justify them by any measure other than enjoyment. Trying to make an economic justification is a fools errand. I still laugh when I hear folks say "you must save a lot of money riding your motorcycle and getting 50 MPG." If they only knew how much it costs to get 50 MPG!!

Aug 25th, 2013 3:57 pm
saddleman
Re: One Year of LT Miles & Cost

I brought this back up so as not to hijack Jeff's 300,000 mile post anymore. I did not include the registration cost of $18 per year & I don't ever consider the cost of my vehicle either in the yearly operating expenses. I have to have a vehicle to get to work & run errands & I choose a bike. I keep most of my vehicles for 20 years or so. My wifes car is 27 years old.
Jan 8th, 2011 4:08 pm
tonygret
Re: One Year of LT Miles & Cost

I have attached an excel file for keeping track of service expenses and misc items. On the first expense line add the price you paid for the bike and it will total all your costs for you and seperate the cost of the service and your running total cost at the top. Of course change or delet all the example expenses and add your own. You can also change the picture, add the VIN and License plate number, etc.
Jan 8th, 2011 1:07 pm
BigBadBaz
Re: One Year of LT Miles & Cost

Wow. I have this pain that is creeping into my butt that is more insidious than long range riding. It is called paying $1150.00 per year for full coverage insurance. I am 53 years old, 1 speeding ticket, no accidents. Somebody pass the K-Y.
Jan 8th, 2011 12:56 pm
wa1200lt
Re: One Year of LT Miles & Cost

Thanks Joe! Now ya got me feelin' all sad again!


Loren

Quote:
Originally Posted by joegottberg
Hey Loren,

Too Bad it wasn't a Lucas, you can buy replacement smoke HERE

Joe
Jan 8th, 2011 12:41 pm
joegottberg
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by wa1200lt
I'm using my BlackBerry as my Netbook decided to emit a puff of electrical smoke. I hate it when that happens

Loren
Hey Loren,

Too Bad it wasn't a Lucas, you can buy replacement smoke HERE

Joe
Jan 7th, 2011 7:12 pm
wa1200lt
Re: One Year of LT Miles & Cost

Cut and paste this sentence into the search function


Jensen solution to dead channel factory radio

It was dated January 25, 2009. I'm using my BlackBerry as my Netbook decided to emit a puff of electrical smoke. I hate it when that happens

Loren
Jan 7th, 2011 6:19 pm
BPrawl
Re: One Year of LT Miles & Cost

Understood.

Please post if you do so.
Jan 6th, 2011 7:56 pm
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by BPrawl
Good info on the records.

I am curious about the Jensen. Is that a replacement for the factory radio that so many posts say no longer works?

I have a '99, with "no radio" showing when I try to power it on. Since I bought it knowing that, and I ride with my iPod via blue tooth to a Scala 2, it is no big deal, however I would like a working stereo.
I bought the Jensen 2107 marine radio. I haven't got around to hooking it up yet.
Jan 6th, 2011 7:23 pm
BPrawl
Re: One Year of LT Miles & Cost

Good info on the records.

I am curious about the Jensen. Is that a replacement for the factory radio that so many posts say no longer works?

I have a '99, with "no radio" showing when I try to power it on. Since I bought it knowing that, and I ride with my iPod via blue tooth to a Scala 2, it is no big deal, however I would like a working stereo.
Jan 3rd, 2011 9:08 pm
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by Voyager
That is only the operating cost. You really have to figure in the capital cost to get a real feel for the actual costs. Depreciation is almost always the largest expense related to operating a passenger vehicle.

I think it is fun to keep track and run the numbers,but I seldom think about the numbers when riding. :-)
By the time I buy a vehicle it has already lost most of its new value. I always pay cash and unless someone offers me much more than I have into it I keep it until it has around 250,000 miles on it. Most of the vehicles I have owned since 1970 I have either sold for a profit or have run them into the ground. I sold my 1986 Lincoln LSC (one of my favorite cars) with over 300,000 miles on it for just a little less that I had paid for it when it had 80,000 miles on it when I bought it.

I think the LT is like any other vehicle I have ever owned in that if you do your own work & get to know your vehicles faults so you can do preventive maintenance the operating cost are very reasonable. Of all the vehicles I have owned my LT is the only one I haven't had to hot rod to keep a smile on my face every time I'm headed down the highway. For me the bang for the buck on my LT is one of the best I've had.
Jan 3rd, 2011 8:50 am
pauleknight
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by Voyager
That is only the operating cost. You really have to figure in the capital cost to get a real feel for the actual costs. Depreciation is almost always the largest expense related to operating a passenger vehicle.

I think it is fun to keep track and run the numbers,but I seldom think about the numbers when riding. :-)
I do agree that TCO is the true factor, but the economist in me tells us that there is SO much more to consider, there is also satisfaction along with depreciation costs. most of us I would assume would consider the cost of a non-essential, discretionary purchase of a personal use vehicle as a "sunk" cost. It seems that a lot of the people on this forum ride their LT till the wheel fall of and then a few miles more just out of spite!

Therefor It is easier just to look at the operating as the fixed cost is already fixed.
Jan 3rd, 2011 8:43 am
pauleknight
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
If I hadn't bought the satellite tracker & the Jensen marine radio it would be around 10 cents a mile. Hope to see ya at the River Ranch this sat.
I plan on being there...

Paul
Jan 3rd, 2011 8:42 am
pauleknight
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by Bugman37
I wanna know where you get that cheap insurance. Mine is over $700 a year!!!
I have Geico and here is the insurance details

Coverages Limits / Deductibles 2009
BMW K1200LT

Total Vehicle Premium: $326.00
Bodily Injury Liability $10,000/$20,000 Non Deductible
Property Damage Liability $10,000 Non Deductible
Comprehensive $250 Ded.
Collision $250 Ded.
Towing and Labor Non Deductible
Jan 2nd, 2011 11:12 pm
Lee510
Re: One Year of LT Miles & Cost

Nationwide has a new powersports division. Yearly premiums of $288.13 for fire, theft, and vandalism - $250 ded. Collision - $100 ded. Liability, of course, plus $3000.00 for custom accessories, $2000.00 medical payments, $100.00 towing, and uninsured/underinsured motorist coverage. I have other vehicles on a separate Nationwide policy, plus my home, so they still give me the multi-car, safe-driver, home and car, and long-term discounts.
Jan 2nd, 2011 2:18 pm
Boatzo
Re: One Year of LT Miles & Cost

Only about $280 here with Progressive.
Jan 2nd, 2011 2:04 pm
Voyager
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by Bugman37
I wanna know where you get that cheap insurance. Mine is over $700 a year!!!
Mine is less than $300 with Progressive. I think it was $350 or so the first year and has dropped $20-30 each of the three years I have owned the LT.
Jan 2nd, 2011 2:02 pm
Voyager
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by pauleknight
you CRACK me up.

this is great.

It backs up the approx 10 cents / mile expense for the LT.

I get paid 45 cents per mile for my company to drive to locations around Florida and every penny of it goes into my motorcycle fund. I figure by the end of a few years I should have enough in the bank for a new LT if they ever come out with one
That is only the operating cost. You really have to figure in the capital cost to get a real feel for the actual costs. Depreciation is almost always the largest expense related to operating a passenger vehicle.

I think it is fun to keep track and run the numbers,but I seldom think about the numbers when riding. :-)
Jan 2nd, 2011 10:16 am
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by RonKMiller
Oh great, NOW when you go back to Bluff City they just may call YOUR bluff!

I got one for going 4 freakin' miles over the limit. No points since I went to diversion school, but it cost me $260.00 total and the better part of one day.

When I told the motorcycle occifer that I was a very prudent careful person driving an almost new car with great tires, a pilot and neighborhood watch block leader, and had not had a ticket in 15 years he looked at me and said "That's nice, and I'm sure you're a great guy to boot - but we're out here today to make money for the city."

There were THREE others lined up on the road as I passed by.

I told him to have a nice day and I hoped that his nuts would fry this coming summer on his Harley. He thought that was pretty funny - but refused my request to tear up the ticket.
The Bluff City camera is strictly a money maker. A few state legislatures tried to stop it but because it brings in as much as $250,000 a month it never got voted down. You just pay the fine no points or insurance increase. The check had to clear by a certain date or I would have had to go in front of the judge. They waited until the very last day to deposit my check. Just messing back with me I suppose.
Jan 2nd, 2011 9:09 am
mwnahas
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by RonKMiller
Oh great, NOW when you go back to Bluff City they just may call YOUR bluff!

I got one for going 4 freakin' miles over the limit. No points since I went to diversion school, but it cost me $260.00 total and the better part of one day.

When I told the motorcycle occifer that I was a very prudent careful person driving an almost new car with great tires, a pilot and neighborhood watch block leader, and had not had a ticket in 15 years he looked at me and said "That's nice, and I'm sure you're a great guy to boot - but we're out here today to make money for the city."

There were THREE others lined up on the road as I passed by.

I told him to have a nice day and I hoped that his nuts would fry this coming summer on his Harley. He thought that was pretty funny - but refused my request to tear up the ticket.
Great stroy, thanks! I hope he gets his. 4 miles over for pete's sake.
Jan 2nd, 2011 9:05 am
RonKMiller
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
The speeding ticket was in Bluff City TN. They installed a camera at a intersection and slowed the speed limit from 55mph to 45mph for 300ft. They called it the Bluff City Camera Safety Program. I made the check out to the Bluff City Extortion Program.
Oh great, NOW when you go back to Bluff City they just may call YOUR bluff!

I got one for going 4 freakin' miles over the limit. No points since I went to diversion school, but it cost me $260.00 total and the better part of one day.

When I told the motorcycle occifer that I was a very prudent careful person driving an almost new car with great tires, a pilot and neighborhood watch block leader, and had not had a ticket in 15 years he looked at me and said "That's nice, and I'm sure you're a great guy to boot - but we're out here today to make money for the city."

There were THREE others lined up on the road as I passed by.

I told him to have a nice day and I hoped that his nuts would fry this coming summer on his Harley. He thought that was pretty funny - but refused my request to tear up the ticket.
Jan 2nd, 2011 8:29 am
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by pauleknight
you CRACK me up.

this is great.

It backs up the approx 10 cents / mile expense for the LT.

I get paid 45 cents per mile for my company to drive to locations around Florida and every penny of it goes into my motorcycle fund. I figure by the end of a few years I should have enough in the bank for a new LT if they ever come out with one
If I hadn't bought the satellite tracker & the Jensen marine radio it would be around 10 cents a mile. Hope to see ya at the River Ranch this sat.
Jan 2nd, 2011 8:23 am
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by Bugman37
I wanna know where you get that cheap insurance. Mine is over $700 a year!!!
I have my home & vehicles with Allstate. I receive two discounts. One for being an experienced rider & the other for having completed the MSR course. My deductable is $100.
Jan 1st, 2011 11:59 pm
Bugman37
Re: One Year of LT Miles & Cost

I wanna know where you get that cheap insurance. Mine is over $700 a year!!!
Jan 1st, 2011 8:17 pm
pauleknight
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
I decided to put the LT up for the year . So I filled it up with 93 no corn octane (available 2 miles from home) and added up this years miles & cost. I'm fairly good at keeping my receipts but I might be missing a few.

37,467 miles rode in 2010 I sure wish I could get more than 15 vacation days a year.

$ 2376.58 In gas & used 798.91 gallons
$ 246.09 Spent at BMW dealers(1 pr rear pads,7 cam buckets & misc. parts)
$ 603.07 Two front & two rear tires mounted ( I do my own balancing)
$ 72.04 Shoei parts
$ 67.12 Two more pair of rear pads
$ 64.81 One set of front pads
$ 129.99 One rear EBC rotor
$ 554.61 Satellite tracker,Jensen radio & misc. stainless fasteners
$ 90.00 Speeding ticket
$ 30.00 Misc. cleaning supplies
$ 317.60 Full coverage insurance
$ 00.00 Seven oil & filter changes (I have a oil & filter sponsor)

$ 4551.91 And a lot more fun than any amusement park I've ever been to.

Ride Safe and Have a Happy New Year
you CRACK me up.

this is great.

It backs up the approx 10 cents / mile expense for the LT.

I get paid 45 cents per mile for my company to drive to locations around Florida and every penny of it goes into my motorcycle fund. I figure by the end of a few years I should have enough in the bank for a new LT if they ever come out with one
Jan 1st, 2011 2:23 pm
Voyager
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by saddleman
I knew I forgot something I need to add $8 for a set of Autolite spark plugs .
How do you like the Autolites? I always used them in my cars when I could get them. Are they platinum/iridium or just plain plugs?
Jan 1st, 2011 12:18 pm
saddleman
Re: One Year of LT Miles & Cost

I knew I forgot something I need to add $8 for a set of Autolite spark plugs .
Jan 1st, 2011 8:54 am
hschisler
Re: One Year of LT Miles & Cost

Interesting stats, Dave.

37k miles in 1 year is pretty darn good. Best wishes for an equally-safe and successfull 2011.
Jan 1st, 2011 8:51 am
Boatzo
Re: One Year of LT Miles & Cost

That is interesting data Dave. Looks like you use the brakes too much My speeding ticket was $500 for the shyster lawyer and 200 fine & costs. I guess the mouth piece was worth it, he kept my record clean but it still hurt. I am now a firm believer in cruise control, but that wouldn't have helped in your situation. Thanks for sharing your data.
Jan 1st, 2011 7:16 am
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by fpmlt
Dave, as I was reading your posts, I felt as though something was very wrong. I just noticed what it is. You're riding on the wrong side of the country!
Last year I decided to ride more in my state & learn the roads in the mountains. I rode about 6,000 miles out of North Carolina.
Jan 1st, 2011 1:24 am
fpmlt
Re: One Year of LT Miles & Cost

Dave, as I was reading your posts, I felt as though something was very wrong. I just noticed what it is. You're riding on the wrong side of the country!
Jan 1st, 2011 12:21 am
wa1200lt
Re: One Year of LT Miles & Cost

$94 for a speeding ticket is CHEAP! They start at $194 here. Not me! My wife got one! Ouch!

Loren
Dec 31st, 2010 11:22 pm
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by fpmlt
Shouldn't there be some motel/campsite expenses in there too?
I don't consider lodging as riding expenses or food either. But I spent three nights in motels & six nights at the Iron Horse Motorcycle Lodge. The three motels cost $149.64 and the six nights at the lodge cost $25 + tax each night.
Dec 31st, 2010 11:14 pm
saddleman
Re: One Year of LT Miles & Cost

Quote:
Originally Posted by tonygret
"$ 90.00 Speeding ticket"

Besides the free oil and filters that's the best bargain on your list! Speeding tickets cost about $400.00 here! Thanks for the post.
The speeding ticket was in Bluff City TN. They installed a camera at a intersection and slowed the speed limit from 55mph to 45mph for 300ft. They called it the Bluff City Camera Safety Program. I made the check out to the Bluff City Extortion Program.
Dec 31st, 2010 9:48 pm
fpmlt
Re: One Year of LT Miles & Cost

Shouldn't there be some motel/campsite expenses in there too?
Dec 31st, 2010 9:25 pm
tonygret
Re: One Year of LT Miles & Cost

"$ 90.00 Speeding ticket"

Besides the free oil and filters that's the best bargain on your list! Speeding tickets cost about $400.00 here! Thanks for the post.
Dec 31st, 2010 8:41 pm
saddleman
One Year of LT Miles & Cost

I decided to put the LT up for the year . So I filled it up with 93 no corn octane (available 2 miles from home) and added up this years miles & cost. I'm fairly good at keeping my receipts but I might be missing a few.

37,467 miles rode in 2010 I sure wish I could get more than 15 vacation days a year.

$ 2376.58 In gas & used 798.91 gallons
$ 246.09 Spent at BMW dealers(1 pr rear pads,7 cam buckets & misc. parts)
$ 603.07 Two front & two rear tires mounted ( I do my own balancing)
$ 72.04 Shoei parts
$ 67.12 Two more pair of rear pads
$ 64.81 One set of front pads
$ 129.99 One rear EBC rotor
$ 554.61 Satellite tracker,Jensen radio & misc. stainless fasteners
$ 90.00 Speeding ticket
$ 30.00 Misc. cleaning supplies
$ 317.60 Full coverage insurance
$ 00.00 Seven oil & filter changes (I have a oil & filter sponsor)

$ 4551.91 And a lot more fun than any amusement park I've ever been to.

Ride Safe and Have a Happy New Year

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 
For the best viewing experience please update your browser to Google Chrome