A significant number of people considering buying a new car are unlikely to haggle over the price, it has been claimed.
Sainsbury's Bank reports that of the 1.45 million people planning to buy a new car between September and February next year, 19 per cent will not negotiate over the price.
However, the firm stated that people who do haggle could potential save more than £1,000 on average on the price of new cars for sale.
Steven Baillie, head of Sainsbury's Loans, said: "In the current economic climate and the fact that fewer people are looking to buy new cars, this is one of the best times to haggle over the price you pay."
Car insurance firm esure recently reported that one in ten car buyers it surveyed took out the Car Finance deal offered by their dealer last time, while one in ten took out a loan.
A further one in 20 used their credit cards to make their purchase.
More from Financial and Loan
Interest rate cut 'must be passed on to car loans customers'
Dec 4 2008People considering applying for unsecured car loans could be buoyed by the latest interest rate cut from the Bank of England.
More from Financial and Loan
Used car values increase for November
Dec 1 2008The overall average values of used cars increased to £4,283 in November, according to the latest British Car Auctions (BCA) Pulse Report.
More from Financial and Loan
Car loans news: VED changes bring confusion
Nov 26 2008Secured car loans customers are still confused as to how vehicle excise duty (VED) is to be administered, an industry official has claimed.
More from Financial and Loan
Mini tops value list for used cars
Nov 26 2008Buyers applying for unsecured car loans to fund the purchase of new vehicles may consider the diesel-powered Mini 1.
More from Financial and Loan
Government u-turn 'good news for car loans customers'
Nov 25 2008The chancellor's decision to make changes to proposed road tax increases could benefit used car drivers, a source suggests.
More from Financial and Loan
VAT cut to benefit car loans customers
Nov 25 2008Buyers applying for secured car loans as they hunt for a new or used vehicle could benefit from a VAT cut announced yesterday.
More from Financial and Loan
'Positive incentives' for car loans customers
Nov 25 2008The Society of Motor Manufacturers and Traders (SMMT) has welcomed moves to help bolster the car industry in the chancellor's pre-budget report.
More from Financial and Loan
Green car deals could reduce costs
Nov 21 2008Secured car loans customers looking to beat the rising costs of motoring could plump for one of the vehicles on a new list of top ten green cars to beat the credit crunch.
More from Financial and Loan
Small Volkswagens defy the credit crunch
Nov 21 2008Despite falling sales across many sectors of the UK car market, demand for small Volkswagens continues to soar, a report suggests.
More from Financial and Loan
Vehicle care pays off for car loans customers
Nov 21 2008Unsecured car loans customers looking to help preserve the residual value of their vehicles can do so by taking better care of them, a firm has suggested.
More from Financial and Loan


car news headlines



