Brits prepared to haggle

With the credit crunch forcing people to cut back on their purchases, many Brits are choosing to haggle over the price of goods to make savings, new research has found.

Research from CreditExpert.co.uk has found that more people are opting to haggle over the prices of items such as cars and even car insurance as a way of saving extra money.

The research found that 47 per cent of Brits would be prepared to ask retailers for a better deal and 57 per cent are more likely to try and knock down the price of a good compared with twelve months ago.

However, people are far less comfortable in trying to strike a better deal on a loan or financial product, such as the quest for cheap car insurance, with only 16 per cent prepared to chance their arm.

Jim Hodgkins, managing director at CreditExpert.co.uk, said: "The credit crunch appears to be having a significant effect on our haggling behaviour and as our wallets feel the pinch, we are less willing to settle for the advertised price."

Other touted ways that a motorist could get cheaper car insurance would be to shop around for a cheaper car insurance quote or to park a vehicle in a safer location overnight.

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