The lifetime cost of a bike

Businesses are accustomed to calculating the lifetime cost of ownership of a motor vehicle. This is something we rarely do in our private lives. An inexpensive new car with an on-road purchase price below $20,000 will cost easily $4000 per annum when all costs are considered. For that price, a family could have a number of very nice bikes. Bikes have a lifetime cost as well and here is one example.