An M license is not a "badge of honour" it is a legal requirement to ride a motorcycle after a period of having your m2 for 5 years.OP. If you want to save money and hopefully pass on the first couple tries to save money, do it. I'm sure the advocates of going MTO will not ridicule you for not being good enough, and may just help you pay for your next retest - just because they're so worried about you passing with a badge of honour.
If you want to save your time and increase the odds of passing, take a course - it's never a bad idea to get your skills a touch higher than someone that didn't take it.
I mean, we all can't be superstar riders and only know the best of the best and apply everything you've ever read in a safety or skills manual, but maybe you can...what do i know?
I'm sure you can attest to many of the riders you see on the road today demonstrating habits that'll ensure you fail miserably. Imagine you've ridden with these people over your five year term. You think you didn't pick those habits up yourself?
Do the math.
MTO - badge of honour for saying you didn't overspend or have someone hold your hand (love that line). - if you pass, good on you.
School - no badge of honour - more skills learned or existing skills sharpened - save time as you'll likely pass the first time (they teach what you need to know).
It's no secret which I advocate, but then again, I see stupidity all over the road in this scene and bad attitudes, that I'l always encourage someone to take the responsible route.
Let's define a habit "habit an action or pattern of behavior that is repeated so often that it becomes typical of somebody".
Taking an M2 exit course will do nothing for your bad habits, there isn't enough repetition for you to transform your habits from bad to good.
Only you can for the duration of the test, be self aware of your bad habits and correct them for that period of time, long enough to pass the test.
Now, if you don't know road signs or the driving laws and for these reasons you can not pass the test at the MTO, then I would suggest you have no place riding on the streets anyways. In this case, then you would need to be "hand held" through the process of passing your M2 exit test.
Question is, how comfortable are you passing a test that reviews your ability of riding a motorcycle on the street? without having a bunch of people dedicate a bunch of time with you on a course that is made to guide you through the process of passing the test and not really teach you anything that you should already know.
There is a reason why the car driving schools are not 2 days, they go over weeks teaching young students "good habits" and the laws of the roads, those courses unlike the m2 exit course are designed to teach not to "just pass"
Let me put it in a more simple way. If you don't have the ability and the confidence of passing the M2 exit exam through the MTO, you have no business riding on the street. After all, isn't that the reason the test exists? If you don't pass it means you are not qualified...nothing to do with badges of honour
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