I could see people spending that money bringing it to a mechanic for a tune up though. Personally I think that is a waste of money since it's super easy to tune up bikes yourself, but I do know lots of people who spent years with their bike shifting like garbage when it would take just a couple minute tune up to fix.
Is this referring to motor as in an electrical bike? I am not using that.
I bought a cheap chinesium city bike (but with fancy in-hub-generation LED lighting) for under $200, and it came with a "3 years of free checkups and repairs, 5 years accident insurance" plan. For those 3 years I brought my bike in every couple months and they'd clean it, oil it, align the brakes, and pump the tyres.
Additional repairs (wheel & tyre since I'm a fatass who also rides lazy and hard on curbs, some spokes cracked and the tube split) are another $100.
I pump tyres at home with a $15 hand pump, and relube the chain with oil cans from the dollar store.
So a total outlay of about $300 in 5 years of riding. I guess it'll survive another 2-3 years before it's cheaper to just buy a new one.