Absolutely, bicycles depreciate much much faster than cars! If you are handy doing your own repairs it's also very cost effective since not too many tools are

Absolutely, bicycles depreciate much much faster than cars! If you are handy doing your own repairs it's also very cost effective since not too many tools are required and compatible parts are cheap, easy to find and easy to install. My road bike cost $300 AUD, I have maybe spent another $250 on parts and tools. I have been riding to and from uni and now work pretty much every day for three years and I love it to bits.