Motorcycle Costs 2019- Toronto Ontario

Motorcycle Costs 2019- Toronto Ontario

Hey everyone!
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:
Cost: $15.99
“The Official MTO Motorcycle Handbook – New & Updated!” – 2018 Version
Amazon Link:
https://www.amazon.ca/Official-MTO-Motorcycle-Handbook-Updated/dp/1460666240/ref=sr_1_1?crid=1BY7Y1SOUFWIM&keywords=motorcycle+handbook+ontario&qid=1559315590&s=gateway&sprefix=motorcycle+handbook%2Caps%2C140&sr=8-1

**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!

Gear:

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.

Bike:

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)

Store: Powersports
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

http://www.daltontimmis.com/

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.