Motorcycle Insurance

New statistics have outlined the amount of money people in the UK are spending in the used vehicle market.

According to figures from Sainsbury's Car Loans, Britons spent £22.23 billion on second-hand automobiles from March to August 2007.

In addition, the company stated that it expects this figures to increase by 12 per cent over the next six months.

But Steven Baillie, head of the division, stated that drivers are not doing enough homework and research before buying in order to ensure that their purchase cuts costs.

Motorcycle Insurance - Great quotes!

Indeed, it may be that the right vehicle can result in people reducing their outgoings in relation to road tax and bike insurance.

This could be because some motorbikes are less costly to repair than others, while some may simply be safer.

He said: "Despite the fact that haggling can save the buyer hundreds or even thousands of pounds, many of us are reluctant to do this."

The amount of money being spent by Britons was recently underlined by money charity Credit Action.

According to the organisation, the UK currently has a combined total personal debt of more than £1.3 trillion.

Related articles

Motorists warned of M4 and M5 delays
Motorists warned against red diesel 'menace'
Automobile manufacture goes up over October

08/02/12 - Triumph takes award for Motorcycle Live exhibition. Triumph is celebrating after being named the best exhibitor at Britain's leading motorcycle show.

08/02/12 - Yamaha extends low-finance offers. Yamaha has extended the range of motorcycles covered by its Street Wise finance promotion.

01/02/12 - David Robb leaves BMW post. The man responsible for transforming the BMW Motorrad motorcycle brand has left the company after 18 years.

Past motorbike news