Given that my car returns about 35miles to a gallon on my commute to work, and that the cost of charging my electric bike is almost nil, I'm trying to work out how many miles I need to do on the bike before it has paid for itself in saved petrol.
I'm not taking into account things like insurance and tax or maintenance of the car as I have these costs anyway.
So far I've assumed the following;
13-15p per mile in the car.
0.5p per mile on the bike.
Therefore given the Mistral was £450, I'd need to do about 3600 miles before I saved enough in petrol for the bike to pay for itself. Any more would result in savings.
If my commute is a 13 mile round trip that I will do maybe three times a week, will I manage? My guess says it will take 92 weeks.
Any thoughts?
Lee
I'm not taking into account things like insurance and tax or maintenance of the car as I have these costs anyway.
So far I've assumed the following;
13-15p per mile in the car.
0.5p per mile on the bike.
Therefore given the Mistral was £450, I'd need to do about 3600 miles before I saved enough in petrol for the bike to pay for itself. Any more would result in savings.
If my commute is a 13 mile round trip that I will do maybe three times a week, will I manage? My guess says it will take 92 weeks.
Any thoughts?
Lee