I bought my Schwinn Coffee about a year ago, in October. And now, I've just realized something - it's just paid for itself. That's right, now I ride for "free". I did a quick calculation and based on the distance I travel daily, the number of days in the week I usually spend biking, the price of a gallon of gasoline, and the fuel consumption of my car that I don't use when I ride my bike - it seems that about right this month I saved as much money by riding my bike to work, as I would spend on gas.
Sure, I could have been riding my bike for free from day one if I sold my car. But since it is an old car, fully owned and requiring low maintenance, I figured that it is not worth selling it right now. The insurance I have to pay monthly is actually pretty low so I decided to keep it as a backup.
Anyway, it is a good news. One year to break even is reasonable. From now on, my bike will be making money for me.