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'Shop around for car loans and haggle,' buyers advised

Car loans customers can make big savings by haggling over price with their dealer, a new survey has suggested.

Sainsbury's Loans found that a total discount of £286 million might be achievable this year in the UK in this way.

According to the firm, 1.5 million people are planning to buy a vehicle - a purchase often funded by an unsecured loan.

However, Sainsbury's Loans says that 403,000 of these are only planning to haggle "slightly" with their dealer - and 195,000 are not planning to barter at all.

The firm also advises that, for those funding their car buy with a loan, shopping around for the best loan deal can also yield big savings.

Steven Baillie at Sainsbury's Loans advised: "Haggle as hard as possible.

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

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