In this video I talk about all the costs I have personally paid so far for my motorcycle journey!
Everything I talk about is summarized here:
M1- Studying the Handbook:
“The Official MTO Motorcycle Handbook – New & Updated!” – 2018 Version
**Tip: You can cut this cost by buying a used version or by going to the library
M1- License/ Written Test:
Cost: $14.95 plus tax
Completed at a Service Ontario Office-with a Ministry of Transportation.
One of many locations in Toronto: Yonge and College (College Park)
**Tip: Go at off peak times!
M2- Motorcycle Safety Course
Cost: $563.87 (all In) 2018 summer price
★Motorsoul Riding School ★Link: https://www.motorsoul.ca/
Schedule: Thursday night Indoor Evening Class AND a Saturday & Sunday Outside Course
You need to bring your own gear for the course. Specifically: A helmet, gloves, jacket, appropriate footwear and pants.
**Tip: Downtown Toronto, by the Exhibition/ BMO Field- Very easy to get to!
Cost: $472.34 (all in) Helmet & Gloves
Store: Town Moto
Location: 132 Ossington Ave, Toronto ON M6J 2Z6
Cost: $0 Jacket (Leather/ Riding Jacket)
Cost: $0 Boots
Cost: $0 Jeans
**Tip: Stay humble on pricing if you are getting your gear for the first time to do the Safety Course. Because when you do the course you will know %100 if it is indeed a passion you want to pursue.
Cost: $5,999 plus tax
Mandatory Misc Fees:
(PDI) Pre-Delivery Inspection: $205 plus tax (The price of performing a maintenance check of a vehicle when it first arrives at a dealership)
Freight: $295 plus tax (shipping the bike to the store)
Admin: $99 plus tax (money spent on processing and documentation)
Enviro: $9.25 plus tax (environmental fee)
OMVIC: $10 plus tax (fee for every retail sale of the dealership- While dealers must remit a $10 transaction fee per vehicle, passing the fee on to customers is optional, not mandatory.
OMVIC does not anticipate customers will refuse to pay the $10.)
Cover For Bike: $60 plus tax
Lowering Kit $300 plus tax
MTS Roadsite Assistance for a Year :$79 plus tax
Bike License & Registration Cost: $80 (all in)
Location: 554 College St, Toronto, ON M6G 1B1
GRAND TOTAL AFTER TAXES= APPROX: $8,050
**Tip: When you buy brand new vs. used the store will add the plates and completed registration for you. And buying from a dealership/Powersports can allow for them to lower the bike and assist with any adjustments needed.
Owning A Bike:
Insurance per month with an M2: $173 after tax
Company: Dalton Insurance
Parking Spot per month in Toronto: $100 after tax
**Tip: Parking is free in Toronto!! But you must obey the street signs.
I received a lower price on my underground parking because they gave me a smaller spot.