Haggle for car finance, experts say

Mon, 07 Apr 2008



A recent study conducted by Sainsburys Finance is in the car finance news today. It appears that as many as 1.5 million people are intending to purchase a brand new car in the next four month period, and as many as a third of these could pay over the odds because they will not haggle over the price.

Some 195,000 respondents will not haggle at all, Sainsbury’s said. On average, estimates say that car price could be brought down by £1,468, meaning an extra £286 million could be spent over the odds on cars .

The head of Sainsbury’s Loans, Steven Bailie, reportedly commented: "Our latest research reveals that the number of people looking to buy a brand new car has dropped by more than half a million on the previous six months. clearly people are more concerned about their finances and so those still looking to buy should haggle as hard as possible. Furthermore, those looking to finance their purchase through a loan need to make sure they shop around to find the best deal for them."
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