- advertisement -
 
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance
 
 

Get 100 miles per gallon -- cheap!

Imagine driving a vehicle that gets 115 miles per gallon that can be parked almost anywhere and costs about $2,000.

- advertisement -

No, we're not talking about some microcar available only to the masses in India, but something like the Yamaha C3, a scooter that is drawing a lot of interest from people who live in crowded cities and students on college campuses.

If you're willing to switch to a two-wheeler -- even as a supplemental vehicle -- you can squeeze more miles from a gallon of fuel with a scooter or motorcycle than even the most economical sedans. Apparently, many people are. The Motorcycle Industry Council, or MIC, reports sales of scooters and economical motorcycles are at their highest levels in 20 years. Mike Mount, spokesman for the MIC, says sales of name-brand scooters in the first quarter of 2008 were up 24 percent over a year earlier, and sales of small and medium-size motorcycles rose 7.5 percent. Sales of larger bikes were down 11 percent. Another indication of increased consumer interest was the rise in sales of accessories, gears and parts, says Mount.

Ty van Hooydonk, director of Discover Today's Motorcycling and the Motorcycle Safety Foundation, says that for the last five years, motorcycle and scooter says have topped 1 million sales a year, and there are more than 23 million people riding cycles.

"There's a lot of motorcycles out there that get between 50 and 70 miles per gallon; scooters get 60 to 80-plus miles per gallon,'' says Van Hooydonk. "You can double your fuel economy by switching over to a motorcycle. You need to be in a hybrid or something like that to approach the fuel economy of a motorcycle.''

Looking at the range of what's in the marketplace, motorcycles -- including scooters -- generally fall into five categories.


5 basic bike categories  
 
 
SLIDESHOW:  |   

For anyone who's interested in taking the plunge into two-wheel travel, there are some other things to know:

  • Financing: Motorcycles are financed much the same way as cars and trucks. Most manufacturers offer in-house finance deals that often include 90 days' grace on the first payment, or cut-rate interest on the life of the loan.
  • Insurance: Costs are generally lower than for a car, but several factors will determine your rate, chief among them being how long you've been riding. Novice riders may at first pay as much as a 30 percent premium over what a rider with five or more years' experience might pay.
  • Licensing: Most states require a special motorcycle license, particularly for riders of more powerful bikes. Some states don't regard scooters as motorcycles, so no special license is needed.
  • Training: Whether required by state licensing agencies or not, everyone associated with the motorcycle industry strongly recommends taking riding classes, which can cost upward of $100.
  • Safety gear: You'll need to invest several hundred dollars in a helmet and appropriate riding clothes.
Bankrate.com's corrections policy
-- Posted: June 4, 2008
 
 
Create a news alert for "auto"
 
 RESOURCES
Myth: 'Drafting' 18-wheelers can save gas
Trading in gas guzzler can be costly
'Summer-gas' mix may boost fuel mileage
 TOP AUTO STORIES
10 tips every car shopper should follow
Loan terms leave woman with one option
Know debt tolerance before buying car
 

Auto Loans
Compare today's rates
NATIONAL OVERNIGHT AVERAGES
48 month new car loan 6.83%
60 month new car loan 6.85%
48 month used car loan 6.95%
ADVERTISING PARTNERS
RELATED CALCULATORS
  Auto loan calculator  
  A rebate or special dealer financing?  
  How much will the auto lease really cost?  
VIEW ALL  
- advertisement -

AOL Keyword: Latest Rates
- advertisement -
News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2008 Bankrate, Inc., All Rights Reserved, Terms of Use.