Motorists 'could lose out by not haggling'
Personal insurance
15th July 2010
The number of drivers who choose to haggle over price when buying a new motor has increased, but many more are missing out on good deals by failing to do so, it has been claimed.
A new study by Sainsbury's Finance discovered that motorists could save almost £163 million over the coming half year by taking the price they are given for a vehicle.
Those seeking a UK insurance policy may be interested to learn that the company found 59 per cent of those quizzed who planned to purchase a new car during the next six months would be prepared to haggle "hard" or "very hard" to grab a bargain.
This compared with 52 per cent in September last year and indicates that more consumers are watching their finances during the current period of economic uncertainty, particularly as the motor scrappage scheme has come to an end and VAT is set to rise to 20 per cent.
According to Sainsbury's, discounts of as much as 50 per cent can be secured off list prices and What Car? advises the average amount knocked off a bill for a brand new car should be £1,699.
Meanwhile, drivers were recently warned by Defaqto that most vehicle insurance policies do not provide a courtesy car as standard.
For more information on how Giles can help you with your personal insurance needs, Click here.
