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Buying a Moped or Scooter on Craigslist

It’s been several months now and it is apparent that the price of gasoline will remain high for the foreseen future. As of today, the average price of a gallon of gasoline in the United States is $3.50. Considering that many vehicles on the road today average 15 MPG, a 30 mile round trip to work each day will costs about $140 a month. This does not take into account leisure driving and regular maintenance and repair. With gas prices unreasonably high, many people are making the switch to a moped or motor scooter.

Why Choose a Moped or Scooter?

Most scooters are propelled by a 2 cycle engine which is incredibly efficient when it comes to miles per gallon. In fact, a moped can receive nearly 100 miles per gallon! The Same 30 mile trip to work is now only $32 instead of $140. The cost to maintain one of these motorized bikes is much less than the cost to maintain a full size car. If you are looking for an inexpensive mode of transportation then one of these may be a good fit for you. The initial investment of a moped will likely pay itself off within the first couple months. Afterwards, you will have many more years of reliable low cost transportation.

Do You Need a License and Insurance to Drive a Moped?

In most states a driver’s license is not required. Be sure to check with your local DMV to see what the law specifies. Because many states do not require a driver’s license, mopeds are a preferred mode of transportation for drunks who lose their license due to a DUI. This can lead to stereotypical ridicule but who cares? After all, you are the one saving money on gas, not the person who just pulled up next to you.

In addition to no license requirements, a moped usually doesn’t have to carry insurance. Since it is technically a motorized bike and not a motorcycle, there is no need to carry insurance. Most states define the exact speed and engine size that makes your moped legal. Keep in mind that you may be required to wear a helmet, depending on what state you live in.

How do I buy one?

Buying a motorized bike is simple. First, you must come up with $500 to $1,500. If your credit is decent you may be able to swing some sort of financing. If you are buying on Craigslist then you will likely have to pay cash. Find a scooter that is comfortable for you to drive and be sure that you do not exceeded the weight limit. You may also want to take into consideration storage space because you will likely hall a few small items such as your lunch each day.

Pick out the one that you want and have someone take a look over it to check items such as the engine compression and signs of obvious damage. Buying a moped can be one of the smartest financial decisions that you ever will make. When gas prices begin to rise again, many will wish they got a hold of one of these beauties.

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