Over the years I’ve posted several times about my K1300GT, it’s performance and issues, but given the recent costs and issues I’ve had with it and after an article recently published in MCN saying that the K BMW bikes are practically disposable items due to high cost of repairs and depreciating values, I thought it would be of value to share with others my experiences regarding running costs and residual values, ie the true monetary outlay required to keep it on the road. I’ve not included costs for insurance or petrol as these will vary massively dependant on the rider, their experience and where they live, neither have I included petrol expenses, although with the bike averaging 50mpg over 56,000 miles, a simple calculation shows that I would have used around 1120 gallons.
I’ve also not included around €725 of extras I chose to add (including derestricting it) as these are very specific to my bike and others will be unlikely to add the same parts.
Here then are the figures:
Purchase cost new in July 2009 €19500
Owned 2556 days Current kms 89,678 = ave 35 kms per day
15 pairs of tyres: ave life front 7484 kms, rear 6387 kms
SERVICING every 10,000kms – 8 to date costing €3071
but next service due NOW with likely cost of €500
TOTAL (incl. 90,000 service due now) €3571
Switchgear (L) at 70,000kms €343
Switchgear (R) at 87,000kms €161
Radiator overheating & oil leak
at 88,000kms €457
Battery at 73,000kms €121
Brake pads ( originals plus 2 replacement sets) €295
Air filters (2) at 40,000 and 83,000 €73
Clutch at 80,000 €739
GRAND TOTAL €9089 equiv 47% of purchase cost
Current book value €8780
Remaining value in bike today €1631 equiv 4.1% of purchase cost
Daily running cost equiv. €3.56
Running cost per km €0.10
Looking at the book resale values it would have been better had I sold it in 2012 after 3 years of ownership as at that time it would still have retained 75% of its value. After 4 years that drops to 68% then plummets after year 5 down to 55%, although in years 5,6 and 7, annual depreciation has droopped to just a few hundred euros per year compared to the €3000 it lost in year 4. I should also quantify my specific bikes value which is around €500 less than bikes which would have covered only 10000kms p.a, mine has done nearly 13,000 and is valued accordingly.
Looking at the costs above it seems that the repair element is pretty low with the bulk of these costs taken up by switchgear replacements which BMW declined to assist me with despite me writing to them and complaining. They replied that the bike had been out of warranty since 2011 (only 2 years given in France) and had high miles, however should I choose to buy another new or used bike from their dealers within the next year they will look sympathetically towards the cost of that purchase or trade in.
The bike has been run without extended warranty and has had the suspension relay brace recall, one set of switchgear, an ECU and two rear driveshaft bearings replaced under warranty.
I leave you to make what you will of the above, clearly any future costs could potentially be high, the ESA suspension and driveshaft are a worry and I know others with lower mileage bikes have already had these replaced.
My view is that the more you ride these bikes the better they perform and the less problems you have, keeping one as a weekend toy may keep daily running costs down but parts may not react well to being stood for long periods. I rode mine 1161kms within 3 days, 2090 within 7, 5140 in 28 days and 9091 within 60, not the norm by any means but its been ridden long and hard with huge amounts of time in the mountains in low gears driving out of hairpins so overall I reckon it’s not done too badly, trouble is I haven’t found anything I’d like to replace it with so maybe I just have to steel myself to potentially big future bills and run it into the ground, after all, don’t we buy these bikes expecting trouble free reliability and big mileages?