Maintenance and repairs
Servicing, MOTs, and the inevitable cost of repairs all need to be factored in too.
There’s a maximum MOT charge set by the government of £54.85 for cars and £29.65 for standard motorcycles. Garages might offer deals on these costs, making them more affordable, but these are the highest prices you’ll pay.
When it comes to servicing, many garages offer a flat rate. According to Money Advice Service, the average cost of a basic car service is £125, which you can expect to pay once a year (or more often, according to how many miles you clock up).
Service costs for a motorbike range from around £150 upwards, with some high-end bikes costing over £400 for a major service.
When it comes to repairs, how much you’ll pay is partly down to luck and the age and condition of your vehicle. In general, the fancier your car or bike is, the more expensive it will be to repair. With a premium model, the cost of parts is likely to be higher, and it can also take longer to dismantle and diagnose, resulting in higher labour costs.
What’s cheaper? Motorbikes have the edge when it comes to MOTs, but cars are cheaper to service. When it comes to repairs, it really depends on your model and its condition…