Paying too much for a
new car using a
car finance deal is unfortunately very common, and you could
save money by being a bit pushier. At least, that’s the
conclusion of
Sainsbury’s Bank, who have found that the reluctance of
people in the UK to haggle for the best deal on
new cars could cost motorists over 600 million pounds in the
next six months.
The research indicates that just by haggling with the dealer,
people can typically save up well over 1,000 pounds on the price of
a brand new car. As many as 45 per cent of people planning on
purchasing a new vehicle in the next six months said they would not
haggle on price. Sainsbury’s also joined the chorus of
experts who advised
car buyers to shop around for
car
finance .
The
loans manager at Sainsbury’s
Bank, Steven Baillie, reportedly commented: Once you have
decided which new car you want, you then need to be prepared to
haggle over the price you pay. If you are financing the purchase
with a
loan, you also need to make sure that you shop around to find
the right option for you.
