Total fees to put a vintage bike on road
Posted: Fri Apr 01, 2016 1:17 pm
I'm curious what the total cost to road a bike is in the UK. Here, in MD my fees from the Motor Vehicle Administration run around $52 bucks a year for a modern bike and 26 bucks for a historic bike. How much are they over there?
Here's the breakdown of fees here:
One for modern bikes: (I'll use my Vstrom1000 as an example)
Title fee- $100
plus
Sales tax(6% of total cost) (one time fee only)
Total- $544
Inspection- $25-$40 (was carried by the dealer in my case)
Registration(tags)- $104 (for 2 years)
So to put it on the road legally, my total cost was $646 and that covered my for two years.
So the yearly costs ends up being $52 per year once you've titled it and insured it. I don't count the insurance as a MVA fee because it isn't but my policy on my Vstrom is $380 per year.
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On a Vintage bike,(older than 20 years) you have the following:I'll use a buy price of $1500 since that's close to my avg cost to buy
Title fee- $100
Sales tax (6%) (one time fee only)
Total- $190
No inspection
Historic tag is $51 (for 2 years) Meaning you can only legally drive it on Sundays and to/from shows or events but it's RARELY enforced so all of my vintage bikes have historic tags.
So the yearly cost is $25.50 once you've titled and insured it. Basic liability is $44 per year but any damages to your bike are on your tab. Some of my bikes have basic insurance and some have specialty insurance which is much more expensive but covers the bike..
jeff
Here's the breakdown of fees here:
One for modern bikes: (I'll use my Vstrom1000 as an example)
Title fee- $100
plus
Sales tax(6% of total cost) (one time fee only)
Total- $544
Inspection- $25-$40 (was carried by the dealer in my case)
Registration(tags)- $104 (for 2 years)
So to put it on the road legally, my total cost was $646 and that covered my for two years.
So the yearly costs ends up being $52 per year once you've titled it and insured it. I don't count the insurance as a MVA fee because it isn't but my policy on my Vstrom is $380 per year.
***************************************************************
On a Vintage bike,(older than 20 years) you have the following:I'll use a buy price of $1500 since that's close to my avg cost to buy
Title fee- $100
Sales tax (6%) (one time fee only)
Total- $190
No inspection
Historic tag is $51 (for 2 years) Meaning you can only legally drive it on Sundays and to/from shows or events but it's RARELY enforced so all of my vintage bikes have historic tags.
So the yearly cost is $25.50 once you've titled and insured it. Basic liability is $44 per year but any damages to your bike are on your tab. Some of my bikes have basic insurance and some have specialty insurance which is much more expensive but covers the bike..
jeff