'Car finance customers negotiating over price'

Sep 25 2008

People are more willing to negotiate over the cost of services, including the price of cars, according to a new report.

Experian's CreditExpert.co.uk research revealed that more than half of people in the UK are now more willing to haggle to find better deals than they were a year ago.

The firm noted that 38 per cent of those surveyed said they had successfully been able to negotiate a better price when making a car purchase.

Kirk Fletcher, managing director of Experian's automotive division, said: "The rising costs of living and running a car means that consumers are driving a much harder bargain with dealers."

Car insurance firm esure recently reported that Car Finance continues to be a popular way of funding a car purchase.

The firm reported that one in seven motorists chose the car finance deal offered by their car salesman for their last purchase, while one in ten used a loan to pay for their new vehicle.

A further one in 20 admitted to having used their credit cards to buy their last car.

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