Motorists 'may miss out through lack of haggling'

Drivers who choose not to haggle when buying a new car could be missing out on significant savings, it has been reported.

According to Sainsbury's Bank, motorists could pocket £286 million if they are prepared to argue with dealers over the price of the vehicle.

In addition, the company stated that it is a good idea to also research the market for a car finance deal, if that is how drivers intend to pay for the vehicle.

According to Steven Baillie, head of Sainsbury's Loans, fewer people are currently buying new vehicles.

"Furthermore, those looking to finance their purchase through a loan need to make sure they shop around to find the best deal for them," he said.

This comes as statistics from the Society of Motor Manufacturers & Traders show that 2,355 more people bought new cars in March than experts had originally predicted.

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