• sarahgraunke

How I'm Paying for my Bike: Part 1

CBLF post.png

I recently purchased a new bike from my friend Mary at Boulevard Bikes. After doing a bit of research on my own and asking her tons of annoying questions, I decided that the Bianchi Iseo was the bike for me. Along with a helmet and some additional accessories, my total bill came to roughly $714.00. Not an incredibly expensive bike, but a significant chunk of change to spend in one afternoon nonetheless.

The good news is, biking in the city saves money. The more time I spend on my bike, the more money I save on gas or CTA fare. But I wanted to figure out exactly how much I would save, and more specifically, how long it would take for my purchase pay for itself.

First I checked out the specifics on the gas mileage my car gets. It’s hovering around 18 miles to the gallon in the city. Not good, I know, but it’s an older car so it’s not entirely surprising. Then I checked out this site that determines average gas prices in the city. I’m paying about $4.35 a gallon for premium gas. Again, not a happy number. At these prices, my Bianchi cost me the equivalent of 164.14 gallons of gas, which would get me 2,954 miles in my car.

That sounds like a lot of miles, but when you consider that the average car is driven 15,000 miles a year, it really isn’t much at all. If a person who drives the average amount uses a bike instead of a car for just 20% of their travel, they will pay for a bike like mine within a year. In the city, you also have to factor in the CTA. If you don’t have a monthly pass, this means a $4.50 round trip. By my calculations, any CTA round trip is roughly equivalent to a tank of gas.

I’ve calculated some rough numbers, but I want the facts. I am a lawyer after all. I have already started keeping track, using Ride the City to map out my routes at home before I head out on my bike, and the Map My Ride app to keep track of the total distance I’ve traveled. Each time I choose to ride my bike instead of drive or take the CTA, Ill track it on Map My Ride and either record the miles I would have driven in the car, or credit myself with one CTA ride if I would have taken the CTA instead.

I plan to add up my totals each month to see how much I’ve saved. Maybe I’ll even make a fancy chart. Stay tuned for updates!

#bike #attorney #bikeaccident #bikecrash #gasprices #cta #chicago #commuting

6 views0 comments

Recent Posts

See All

All of Chicagoland's Bike Lanes and Trails

Although the majority of the personal injury cases our bike attorneys handle involve cyclists who have been injured in car accidents on the streets in the Chicago area, there are plenty of places to r

Chicago's Bike Laws: All in One Place

We often get asked by new and potential bike accident injury clients about the local or state laws that apply to the cyclist's particular accident. Did I break any laws? Did the driver break any laws?