Brits urged to haggle with car dealers

Strapped for cash motorists could be losing out by failing to haggle when it comes to purchasing a new car.

A recent survey from Sainsbury's Finance found that 41 per cent of British motorists searching for a new car do not haggle on the price of their vehicles. The research revealled that a saving of £163m could be made by British Motorists over the next six months if they negotiated with the sellers.

With 453,000 people expected to pay too much for their new vehicles over the next six months as a result of haggling too little or not haggling at all, Brits could be losing out on having an average of £1,699 discounted on a brand new car as a result.

Steven Baillie, Head of Sainsbury's Loans said: 'It's pleasing to see that more car buyers are prepared to haggle than previously.

'We have been encouraging people to haggle for years but it seems that these recessionary times have finally convinced many to try and get a better deal.'