How Much Are Side by Side Payments & Ownership Costs?

A side-by-side vehicle, often referred to as a SxS or UTV (Utility Task Vehicle), is an off-road vehicle designed with side-by-side seating, a steering wheel, and foot pedals, similar to a car. These vehicles are distinct from ATVs (All-Terrain Vehicles) as they typically offer a more enclosed structure, often with roll cages, and are built to carry multiple passengers and cargo. Their popularity has grown for both recreational activities, such as trail riding, and for utility purposes in farming, hunting, or property management. Understanding the financial commitment involved in acquiring and maintaining a side-by-side requires a comprehensive look at initial purchase prices, financing options, upfront fees, and recurring ownership costs.

Initial Vehicle Cost

The initial purchase price of a side-by-side vehicle can vary substantially, forming the largest component of the overall investment. New UTVs typically range from entry-level models priced around $4,000 to over $30,000, with an average price point around $15,626. These prices are influenced by whether the vehicle is new or used, its specific type, engine size, and brand.

Entry-level utility models, such as the Kawasaki Mule SX, can start at approximately $7,999. In contrast, sport or recreational models, built for higher performance and rugged terrain, often come with a higher price tag. Top-tier models like the Polaris RZR Pro R Factory can exceed $35,000.

Engine size plays a role in the cost, with most UTV engines ranging from 400cc to over 1000cc. Larger engines and advanced features, like sophisticated suspension or 4×4 systems, generally increase the price. Popular brands such as Polaris, Can-Am, Yamaha, and Honda also influence pricing, often commanding higher figures due to their reputation and advanced engineering. The base model price usually does not include optional upgrades or accessories, which can add significantly to the total cost.

Financing Options

Many individuals opt to finance a side-by-side purchase rather than paying cash, making understanding financing options important for managing payments over time. Common financing avenues include dealer financing, loans from banks, or credit unions. The terms of these loans typically range from 36 to 72 months, though some higher-value vehicles might qualify for terms up to 84 months.

Interest rates on side-by-side loans are not uniform and depend on several factors, including the borrower’s credit score, the loan amount, the specific vehicle, and the chosen loan term. Borrowers with a FICO score of 660 or higher generally qualify for the most favorable rates, while those with scores from 550+ may still find financing options, albeit with potentially higher interest rates. A down payment is typically required, ranging from 10% to 20% of the vehicle’s sticker price, which helps reduce the total loan amount and subsequent monthly payments.

Securing pre-approval from a bank or credit union before visiting a dealership can provide leverage during negotiations and offer a clearer picture of available interest rates and terms. Some online lenders also specialize in powersports financing, offering another avenue for securing funds. Understanding the full scope of loan terms, including the annual percentage rate (APR) and any associated fees, is essential to calculate the cost of financing the side-by-side.

Upfront Costs Beyond the Purchase Price

Beyond the vehicle’s sticker price, several additional expenses are incurred at the time of purchase, contributing to the total initial outlay. Sales tax is a significant component, applied to the purchase price of the side-by-side. This tax varies by jurisdiction, with rates typically ranging from 0% to 8.25%, with a national average around 4.99%. In many cases, sales tax is calculated on the full purchase amount before any rebates are applied.

Registration and licensing fees are also necessary for legal operation and vary depending on local regulations. These fees may be one-time at the time of purchase or require annual renewal. Dealerships commonly charge various fees, which can include documentation fees, destination charges, and sometimes vehicle preparation fees. Documentation fees, covering administrative costs for paperwork, typically range from $50 to over $1,000, averaging between $50 and $607.

Destination charges, usually ranging from $1,000 to $3,000 for new vehicles, cover the cost of transporting the side-by-side from the manufacturer to the dealership. While some dealer fees might be negotiable, others, such as destination charges, are typically fixed. Overall, these additional dealer fees can add 8% to 10% of the vehicle’s purchase price to the total upfront cost. Initial safety gear, such as helmets, goggles, and gloves, along with immediate accessories like winches or light bars, also represent upfront expenses for safe and functional operation.

Ongoing Ownership Expenses

Owning a side-by-side involves various recurring expenses that extend beyond the initial purchase and financing. Fuel costs represent an ongoing outlay, the amount of which depends on the vehicle’s engine type—gasoline, diesel, or electric—and the frequency and intensity of use. Gasoline-powered models are the most common, requiring regular refueling based on usage patterns.

Maintenance and repairs are important for the longevity and performance of a side-by-side. Routine maintenance, including oil changes, filter replacements, and fluid checks, is generally recommended every 100 hours of operation or 1,000 to 1,500 miles, whichever comes first. Basic service can cost between $100 and $400, while a break-in service for new vehicles might range from $150 to $300. Unexpected repairs can also arise, adding to the overall maintenance budget.

Insurance is another ongoing cost, with premiums varying widely based on factors such as the vehicle’s make, model, and year, the owner’s location and driving history, and the chosen coverage types. Coverage options typically include liability, collision, and comprehensive, and lenders often require collision and comprehensive coverage if the vehicle is financed. For owners without garage space, covered storage can incur additional monthly fees.

Many owners also choose to customize their side-by-sides with upgrades and modifications, leading to further ongoing expenses for parts and installation. Additionally, accessing designated riding areas often requires trail permits or fees, which can be annual, ranging from $30 to $50, or cover multiple years. Tires, being wear items, will also require periodic replacement, representing a notable expense due to the specialized nature of UTV tires.