How Much Do Folding Bikes Cost? And Why They’re Totally Worth It!

By Mark Plummer •  Updated: 09/12/22 •  7 min read

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A folding bike is often advertised as a way of improving the commute to work. This can save you money on fuel costs and public transport. But you’ll first need to purchase one of these bikes, which can represent a sizable investment.

So, how much does a typical folding bike cost?

A basic folding bike will start at around $350. For a mid-range model, cyclists can expect to pay $1,500. A premium model can end up costing over $9,000. The type of features, quality of the bike, the brand of the manufacturer, and delivery costs can all impact the price. 

How Much Do Folding Bikes Cost
How Much Do Folding Bikes Cost?

Price is arguably the most important consideration when purchasing a folding bike.

The good news is that there should be a folding bike to fit all budgets. Keep reading to learn more about the type of costs you can expect when shopping.

What Does A Typical Folding Bike Cost?

There are many different types of folding bicycles for you to choose from. But they can be grouped into three broad categories, each with a slightly different price tag:

What Does A Typical Folding Bike Cost
What Does A Typical Folding Bike Cost?

Of course, this is just a rough guide. For a more detailed breakdown here’s our guide to the best folding bikes on the market today.

You might be able to find premium features, like electric motors, for significantly less than $2,500. For example, the Lectric XP Lite will cost just $799, despite coming with a powerful electric motor. Because of this, it’s always best to shop around to find the best possible deal.

These prices are based on regular RRP. If you are prepared to wait for the next sale, you might be able to get them at a discount.

How Does The Price Of Folding Bikes Compare To Traditional Bikes?

In most cases, you will need to pay more to buy a folding bike than you would for a traditional bicycle. There are a few reasons for this.

First, they are more complex to design and build.

Adding hinges to make the bike fold will be a technically challenging job. As a result, fewer manufacturers are capable of producing folding bikes.

How Does The Price Of Folding Bikes Compare To Traditional Bikes
How Does The Price Of Folding Bikes Compare To Traditional Bikes?

Secondly, they will be more challenging to manufacture and require more powerful frames to cope with the rider’s weight. Plus, they need to ensure that the area around the hinge can cope with the stress of the ride.

Folding bikes are becoming more mainstream, with more people riding to work. As a result, the number of low-cost options on the market will rise as brands seek to compete for this new audience.

What Elements Affect The Cost Of A Folding Bike?

The features and build materials will have the most significant impact on the cost. Though sometimes branded foldable bicycles will come at a premium. There are a few other incidental costs: delivery costs, maintenance tools, and repairs.

What Elements Affect The Cost Of A Folding Bike
What Elements Affect The Cost Of A Folding Bike?

As we’ve seen, the cost of a foldable bike can vary significantly. Several elements will determine the price of a folding bike:

While it’s essential to consider the initial purchase price of the bike, you should also consider the ongoing costs associated with bike ownership. For example, you will need to pay for the tools required to maintain the cycle.

This can include the cost of replacing tires.

Generally, though, these costs tend to be pretty minimal. You might want to budget between $100 to $200, depending on the type of tools you already have at your disposal.

How Much Does A Second-Hand Folding Bike Cost?

Usually, a used folding bike will cost between $200 to $350. Though several elements can affect this valuation. This includes the quality of the cycle, its age, and how well it has been maintained. Sometimes, cyclists might need to repair the damage of the previous owner. 

Buying a new bike might be too expensive if you are on a tight budget. Because of this, you might want to turn to the second-hand market. This can give you access to brand-name bikes for a discounted price.

How Much Does A Second-Hand Folding Bike Cost
How Much Does A Second-Hand Folding Bike Cost?

How much you will need to pay to buy a folding bike second-hand varies. Elements to consider include:

Generally, the market for folding bikes will be tighter than conventional bikes.

This is because of high demand and more limited supply. As a result, you will need to be prepared to pay a slightly higher cost. Though you should be able to find a good folding bike for around $200 to $350.

Note that you will take a higher risk when buying a second-hand folding bike.

There might be problems the previous owner didn’t tell you about, which will need to be fixed before you can ride the bike. Because of this, it’s recommended that you keep aside 10 percent of the purchase price.

This will let you take care of any potential repairs.

Final Thoughts

Buying a new or used folding bike doesn’t have to break the bank, and you should be able to find a suitable model for under $1,000.

It’s best to treat the bike like an investment. If you maintain your bike regularly, it should last many years. The longer you have it, the more money you can save on public transport or fuel.

Mark Plummer

Mark Plummer is an experienced bike mechanic who has built, repaired, and customized thousands of bikes over the years. A former mountain biking athlete, his cycling adventures have taken him all over the globe from the mountains of Scotland to the South Island of New Zealand. These days he enjoys the benefits of commuting to work and touring on his Dahon and Brompton folding bikes.

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