One of the things that frustrates me most as a cycling enthusiast is when people buy cheap, junk bikes because they think bikes are overpriced or they can’t afford one.
So I decided to do a little calculation to compare riding the bus for short journeys (5 miles or less) around town over a year to buying a bicycle, to see which comes out ahead on price (not to mention fun, health benefits etc).
I looked on the Stagecoach bus website for Worthing and found that a Worthing 52 Week Megarider season ticket costs £603 per year. Compared to buying a ticket on the bus or via the app per ride (or even compared to monthly season tickets), it goes without saying that it’s a bargain and I would get it if I was a daily bus passenger.
So if I was to ride a bicycle for all of these short trips around town instead, I could spend about £600 on it. Except you tend to keep a bike for several years at least. So I think it’s fair to say that I could spend around £1800 on bikes and equipment. And after 3 years I could keep it and continue saving, or buy another one if I felt like it.
The money adds up, but why not just buy a cheap new or used bike and save even more? Cheap new bikes generally use worse components which will end up lasting far less time than more expensive ones (up to a point where it becomes mainly about weight). This will mean more maintenance costs for you, higher likelihood of the bike letting you down during a ride, for example with a dropped chain during your commute, which no one wants. When you buy a more expensive bike, the components are more reliable, work better and are longer lasting. And that’s before you get into things like belt drives and internal hub gearing which take the benefits to a whole new level.
Buying second hand can be a good idea if you get lucky, but in my experience, I think you’ll struggle to find a bike in a good enough condition at a low enough price. You often find people selling bikes in the hundreds of pounds when they need a lot of work. To the point where it makes more sense to just buy new. I hope that as cycling matures and more people buy better quality bikes, and actually look after the bikes they own, it will become better. But for now, I would recommend to buy a good quality new one. It’ll pay for itself in the long run. And perhaps even in the short run. If you replace an Oyster season ticket in London with a Brompton you could save thousands every year.