Don't buy new for your first bike.
Take motorcycle school (go with Calgary Safety Council, it's like half the price of everyone else and by day 4 you should be good to go).
For the love of f***, don't be buttmonkey; wear proper gear. Buy a jacket, gloves, helmet and boots. I don't have boots because I'm a monkey, but I will be getting them this year.
Depends on your age and bike for insurance. I'm 22 so my insurace was $825 my first year and last year was $730, for a 2004 Yamaha R6 (sport bike), and that isn't even with full coverage.
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