When you’re thinking about buying a new bike, one of the first things you need to know is how much it will cost on the road. You may have heard of the on-road price of a bike, but what exactly does that mean? As a professional bike mechanic and the owner of BikeProMech, I can tell you that the on-road price is the total price you will pay for your bike. This includes more than just the ex-showroom price of the bike. In this blog, I’ll explain how to calculate the on-road price of a bike and what all goes into it.
What is On-Road Price?
The on-road price is the final amount you pay when you buy a bike. It includes the ex-showroom price plus additional charges like taxes, insurance, and registration. The on-road price can be different depending on where you live because each city or state may have different tax rates or fees.
Here are the main things that make up the on-road price:
- Ex-Showroom Price
- Road Tax
- Insurance
- Registration Charges
- Other Charges
Let’s look at each of these in more detail so you can understand how they add up.
1. Ex-Showroom Price
The ex-showroom price is the basic price of the bike. It is the cost of the bike before adding taxes, insurance, and registration fees. This is the price you will see on the manufacturer’s website or when you visit a dealership.
- What’s included: The ex-showroom price covers the cost of the bike, its parts, and the warranty.
- What’s not included: It doesn’t include any extra charges like taxes, registration, or insurance.
2. Road Tax
Road tax is a fee that is paid to the government for the privilege of driving your bike on public roads. The amount of road tax you pay depends on the city, state, and the bike you buy. It’s usually a one-time payment, and it can range from 2% to 10% of the ex-showroom price.
How is Road Tax Calculated?
- Road tax is usually calculated as a percentage of the ex-showroom price of the bike.
- The tax rate can depend on things like the engine size of the bike or the city where you buy it.
3. Insurance
When you buy a bike, you also need to get insurance. Insurance protects you if your bike is damaged, stolen, or in an accident. In India, it’s mandatory to have at least third-party insurance.
There are two types of bike insurance:
- Third-Party Insurance: This type of insurance covers damage or injury caused to other people or property.
- Comprehensive Insurance: This type of insurance covers both third-party damage and any damage to your own bike.
The cost of insurance can be around 1.5% to 3% of the ex-showroom price, depending on the type of coverage and the value of the bike.
4. Registration Charges
After buying a bike, you need to register it with the RTO (Regional Transport Office). The registration charges are the fees you pay for registering your bike, getting your number plate, and receiving your registration certificate.
What’s Included in Registration Charges?
- RTO Charges: These charges are for registering your bike in your name.
- Number Plate Fees: This covers the cost of the number plate.
Registration fees can be between ₹500 and ₹5,000, depending on the bike and the city.
5. Other Charges
Besides the main charges, there may be some extra costs that you need to pay. These can include:
- Handling Fees: Some dealers charge a small fee for handling or delivery.
- Accessories: If you want to add accessories to your bike, like helmets or extra mirrors, those will add to the cost.
- Dealer Charges: Some dealers may charge extra for processing the sale.
These charges can range from ₹1,000 to ₹15,000, depending on what you buy.
Example of How to Calculate On-Road Price
Let’s say you want to buy a bike with the following details:
- Ex-Showroom Price: ₹1,00,000
- Road Tax: ₹5,000 (5% of ex-showroom price)
- Insurance: ₹2,500 (2.5% of ex-showroom price)
- Registration Charges: ₹3,000
- Other Charges: ₹1,500
On-Road Price Calculation:
- Ex-Showroom Price: ₹1,00,000
- Road Tax: ₹5,000
- Insurance: ₹2,500
- Registration Charges: ₹3,000
- Other Charges: ₹1,500
Total On-Road Price = ₹1,00,000 + ₹5,000 + ₹2,500 + ₹3,000 + ₹1,500 = ₹1,12,000
Factors That Affect On-Road Price
The on-road price can change based on several factors:
- Location: Different cities and states may have different road tax rates, registration charges, and other fees.
- Type of Bike: Bigger bikes with larger engines often have higher taxes, insurance, and registration charges.
- Accessories: Adding extra accessories, like custom mirrors or a better exhaust, can increase the on-road price.
How to Get the Best Deal
Here are a few tips to help you get the best deal on your new bike:
- Compare Prices: Visit different dealerships and compare their on-road prices.
- Look for Discounts: Many dealers offer discounts during festivals or special promotions.
- Negotiate: Don’t hesitate to negotiate the price with the dealer, especially if you are paying in full or buying accessories.
If you need bike repairs or maintenance before buying a bike or selling one, we at BikeProMech are here to help. Visit our services page for more details.
Conclusion
Knowing how to calculate the on-road price of a bike is an important part of buying a motorcycle. By considering the ex-showroom price, road tax, insurance, registration charges, and other costs, you can be prepared for the total amount you’ll need to pay.
If you need any help with bike repairs, maintenance, or servicing, BikeProMech is ready to assist you. Visit our bike services page and get your bike in top condition today!
