I've currently got a ped just for nipping about in London traffic, in the city they are great fun and quick getting you from A to B during rush hour imho

Mine does 88 miles on a couple of quid, costs me 15 quid tax a year and twenty quid insurance, I don't have to worry about paying for parking or parking tickets. There is no such thing as caught in traffic, you can't go wrong with one imho
Getting caught on a speed camera is an ambition rather than a problem.

Its such cheap transport in the city, I really can't fault mine other than having every 16 year old who thinks they are rossi trying to find out if their hair drier has more watts than mine