Motorists 'need to start haggling'

Drivers are losing out by not haggling when it comes to buying a new car with figures showing motorists across the UK could be unnecessarily splashing £286 million.

Over the next five months, 1.5 million people plan on purchasing a new vehicle but 195,000 say they would not consider haggling on price.

The figures show that 403,000 plan to do a bit of haggling and just 62 per cent said that they would definitely make the effort to get the price down.

Steven Baillie, head of Sainsbury's Loans which conducted the study, said: "Our latest research reveals that the number of people looking to buy a brand new car has dropped by more than half a million on the previous six months.

"Clearly people are more concerned about their finances and so those still looking to buy should haggle as hard as possible."

As well as shopping around for a good deal on a loan with which to purchase a new car, motorists are also urged to try to find the best deals on car insurance.