Drivers could save ‘£1,468 by haggling’

Brits are missing out on £286 million by not haggling over the price of their new car, says Sainsbury’s Finance.

According to the firm, 195,000 of those planning to buy a new car before August do not intend to barter, despite the fact that they could save up to £1,468 each on the cost of their vehicle.

The company also reveals that the number of people planning to buy a new car has dropped by over 500,000, compared to half a year ago.

“Clearly people are more concerned about their finances and so those still looking to buy should haggle as hard as possible,” said Steve Baillie, head of Sainsbury’s Loans.

According to the Association of British Insurers, many car insurance firms are ceasing to provide cover for younger drivers as they are considered higher risk.

The association advised young consumers looking for car insurance to shop around before making a purchase.

© Adfero Ltd

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