Seven frugal tips to save a fortune on insurance, your next bike, speeding fines and more...
A decent second hand bike will secure you a much better deal than straight cash at the moment. Dealers are crying out for stock and, as it’s harder to buy than sell, a tidy Japanese sportsbike is a great bargaining tool. Now is the time to sell. However, don't get robbed on a trade-in, stick to your guns and hold station on the price you went in expecting to get.
Look at four or five year old exotic sportsbikes as your next purchase. Bikes such as the 999 started at £11,000 but now are holding a steady £5,000, the Benelli Tornado has hit a base price and so have F4 MVs. You can buy one and sell it a year later for a minimal loss. To save another £500+ consult James Whitham's to buying guide.
Never, ever, just accept an insurance renewal. Get online, go to an insurance comparison website, do some research and save hundreds of pounds. Do you have AA or RAC membership? If so then ask for any recovery service to be removed from the policy. One call and a bit of research can save you a fortune. For more on cheaper insurance tips click here.
Don’t assume that your bike is unique, different manufacturers use the same parts and prices vary wildly. Ask on specialist internet forums, they are the best source of information and will save you a fortune. A Monster headlight is £180 from Ducati, BMW’s R80 light is identical and costs £30. If it’s Italian assume it’s cheaper elsewhere.
Before you throw away your old kit, stick it on eBay. Second hand boots sell for at least £20, jackets are popular, so are gloves, and even knackered kneesliders sell for up to £25.
If you receive a penalty notice try to cause as much aggravation as possible. Wait until the last minute then write asking for an extension and the photographic evidence, then ask for the camera’s calibration details. If more than one person is insured on the bike say you need more time to identify the rider. Do everything you can to help, and never lie, but just make it as painful and drawn out a process as possible. Some forces give up and lose interest.
If you can wait until the NEC Show in November, or the ExCeL in February, you will save enough to pay for your bike’s insurance. Wait until the end of the shows and dealers are itching to offload kit on the cheap.
Do you have any more thrifty tips? Share them below...
Posted: 12/12/2011 at 16:22
Posted: 15/12/2011 at 19:57
Posted: 17/12/2011 at 23:59
Posted: 18/12/2011 at 20:27
Posted: 19/12/2011 at 01:38
Posted: 20/12/2011 at 19:55
Posted: 24/11/2012 at 16:58
I don't think that you save that much on kit etc at these shows, when you way up the cost of petrol, entry ticket and food as already mentioned it cost me approx £60 for this lot ( why you have to pay entry fee's to go and buy the stuff beats me) but on the plus side you have several stands to choose from all under one roof instead of a couple of local dealers which you may have to order kit and hope it fits, the dealers at these shows are not much cheaper than my local bike shop but you can sometimes get a few quid knocked off if your buying several items off them. it's also a day out from the norm.
Posted: 24/11/2012 at 22:32
Thanks for voting!
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