Car buyers urged to haggle

Apr 8 2009

Failing to haggle over the price of a new car could see buyers lose out by as much as a collective £200 million, it has been claimed.

According to research from Sainsbury's Finance, there are plenty of opportunities for people to haggle over the price of a new car because the market is currently depressed.

However, out of the 1.33 million people planning to buy a brand new car between February and July 2009, as many as 117,000 are not planning to haggle over the price they will pay for the vehicle.

That could leave many people out of pocket, but the current prices could also put people off and make them look to the used car market instead.

People may find even more scope to haggle in the used car market at present, although as demand for used cars continues to increase, they may soon find that sellers are unwilling to lower their price.

According to recent figures from the British Car Auctions (BCA) organisation, demand for used cars has continued to increase over recent months.

While the price of a new car increased again during March, the BCA added that the growth had not been as large as the previous months, suggesting the market may have peaked. That could give an opportunity for people looking for a used car to pick up a bargain.

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