Haggling – verbally wrangling for a
better deal- is generally thought to be confined to the
used car market, but many
vehicle consumers in the UK could be savings over a thousand
pounds by haggling for a
new car .
Fresh research by Sainsbury’s
Bank indicates that on average the 400,000 plus people who will
buy a new
car in the next six months could
save over £1,500 each simply by haggling. Collectively then, UK
new car consumers will overpay to the tune of £675 million.
Sainsbury’s Bank say hagglers should go into the deal
aggressively, and haggle hard. Shopping around for
car finance, the bank say, is another way to
save money when buying
a car . Some 18.5 per cent
of car purchases are now loan-financed, so shopping for a more
competitive
rate makes financial sense.
The head of Sainsbury’s
Loans was reported as saying: Our latest research reveals
that the number of people looking to buy a brand new
car is up on the same period six months ago. We would advise
people to make sure they secure the best possible deal by being
prepared to haggle over the price of their
new vehicle . Furthermore, if you’re looking to finance
your new car purchase through
a loan, you also need to make sure that you shop around to find
the right scheme for you.
