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Motorists 'can save by switching new and used cars for bikes'

People in the UK can save money by switching their new and used cars for motorbikes, it has been claimed.

People in the UK can save money by switching their cars for motorbikes, it has been claimed.

A study by charted financial planner Martin Bamford commissioned by Bennetts has found that motorists can keep in reserve some £337,700 over the course of a lifetime by swapping four wheels for two.

It could be that drivers save on car finance and car credit costs by opting for a motorbike rather than an automobile.

Mark Fells, Bennetts marketing director, remarked that the difference in costs between the two vehicles is large.

He 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."

This comes as the Finance & Leasing Association has revealed that more vehicles are being sold on finance deals this year than one year ago.

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