Do you haggle as you buy a new car to save money?

As you buy a new car there are amazing opportunities to haggle over the price and yet many don’t and miss the opportunity to save money. Don’t forget there’s also the car scrappage scheme which can add to the savings.

According to research from Sainsbury’s Finance, British motorists could save themselves a staggering £229 million over the next 6 months if they were prepared to haggle over the price.

Which Car? suggests the average discount you should be aiming for on a brand new car is just under £1,900.

It seems of those intending to buy a new car between September this year and February next, almost 50% won’t haggle at all or only haggle a little.

Whether or not haggling is your style there is of course the car scrappage scheme through which, subject to certain criteria, you can get a £2,000 discount on a new car just for scrapping your old car.

You also need to consider where you get the best car finance – very important considering over 25% of the money paid for brand new cars in the next 6 months will be financed through loans.

Where can you get a personal loan?

There are a number of providers you can choose from, including

• Alliance & Leicester are currently offering a personal loan rate of 8% typical for loans between £7,500 and £14,950  ==> Get more details
• Nationwide are currently offering a personal loan rate of 7.9% typical to their FlexAccount (debit card) customers) for laons of £7,500 to £14,999 for up to 5 years  ==> Get more details
• Sainsbury’s Finance are currently offering a personal loan rate of 8% typical to Sainsbury’s shoppers applying online with a Nectar card for loans between £7,500 and £15,000  ==> Get more details
• Bank of Scotland are currently offering existing customers a personal loan rate of 8.1% typical for loans over £7,000 up to £13,000  ==> Get more details

If you want to release some of the equity in your house to borrow money there’s also the option of a home loan.