Is your car your pride and joy, or are you ready for a change? Let us know and you could win a £300 John Lewis voucher | No thanks

Get on yer bike on save, says financial planner

Mon, 28 Jul 2008
British drivers can save money by travelling on a motorbike rather than using their car, it has been claimed.

According to research conducted by financial planner Martin Bamford commissioned by Bennnetts, some £337,700 can be saved over the course of a lifetime by switching to two wheels from four.

It could be that this proves to be the best car buying advice many motorists in Britain receive this year.

Bennetts' marketing director Mark Fells commented that vehicle upkeep costs for the two different modes of transport differ greatly.

The official said: "We hope that these findings will encourage people to review their personal transport methods in an effort to lower costs and reduce the hassle of commuting."

Meanwhile, recent research conducted by the Finance & Leasing Association has revealed that a larger number of automobiles are being bought with car finance vehicles this year compared to 2008.

If you want to know how to find the best deal for your car insurance, finance or warranty click here.ADNFCR-1081-ID-18704707-ADNFCR


Add a comment


Ask Honest John

Value my car

Amount to borrow
Sorry. The minimum loan amount is £1000
To pay back over

My credit score

Best available rate 9.20%

Total repayment £8,930.17

Total cost of credit £1,430.17


48 monthly payments

Apply now

Representative example

Borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96.

CarFinance 247 Limited is acting as an independent credit broker

Universal Square, Devonshire Street North, Manchester, M12 6JH