How much do you spend each year on cycling? Experian Experts have calculated the annual cost of the activity to be £917.
The survey though seems to be more based around Year 1 costs – and even those seem a little back to front. Out of the £917 a year, £750 is spent on a bicycle – I don’t know many who actually buy a new bike each year. My last bike was bought in 2004.
Other items included in the cost – helmets, a lock, shorts, helmet, jersey and lights – would also last more than a year in most cases. Also I would spend more on a bike lock and lights than they suggest, but then purchase much cheaper cycle clothing.
Experian say they used the average cost of a road bike provided by Evans Cycles combined with information from CTC to make their calculations. However, many people were quick to point out that cycling effectively saves them money as it reduces, or even completely negates, mileage in the car.