I’m not sure but if I remember correctly it was $225 last year. I think the Viper was the same.
So you guys had me trying to figure out a break even number last night (when I should have been trying to fall asleep) so here’s what I came up with for my 2 sled and trailer.
$414, Annual Insurance
$90, MI Trail Passes
$20, IL Registration ($30 for 3 years per sled)
$58, Trailer Plate
$212, Added gas cost based on MPG difference pulling a trailer or not, 2 trips a year, @$2.65 per gallon
$1,050, $350 per item of either lost value or maintanence
$1,844 Total for a year.
If I divide that by $225 per day it works out to 8 days. All of those numbers except the last one are firm figures. I know that everything loses value each year. I’m pretty sure my stuff drops $350 per year or more until it hits low point then it may taper off and stay flatter for a while, but if that happens it doesn’t take much now to spend $350 or more on repairs or replacement parts. Like I said before, I don’t look at this to determine if I’m making a good investment, it’s a hobby and that cost’s money. For right now though, at least I can look at it and say renting for a couple years won’t cost me any more than I’m already spending.
Sorry to keep you up! For me it's a bit different, since I have one sled, share a trailer with 2 other guys, and they are the ones that have the trucks, store the trailer/sleds, etc. I guess I'm the free loader. So if I sold the sled, I'd still be sharing truck gas equally. My sled is an 06 now - I paid less then $4K for it and I think it's basically done losing value. It did have a big rebuild cost, but if I knew enough then I would have known to keep an eye on the carb boots it wouldn't have happened. My insurance is $75 a year with Progressive - again for one sled and only keep coverage when I ride it. Registration and permits do seem to keep going up, especially if you like to take trips to different places.
When my sled is worn out, I'll probably go through the math again. Who knows, might end up renting for a few years at that time too. For me I just like owning a sled, so if it costs a bit more to have my own sled, that's ok to some extent.
- - - Updated - - -
I've found renting out West is a really good deal - it's about the same price you mentioned above, plus you hardly use any gas while riding, and save big not dragging a trailer out there...and then you're too tired at night to spend any money then too...