Industry News from Yes Insurance

People who attempt to bargain with car dealers could save themselves a substantial amount of money if they are successful, new research has shown.

Sainsbury's Bank has claimed that drivers could save £1,585 if they attempt to strike a deal with forecourt operators.

Additionally, 549,000 may also be missing out on saving some money by choosing to haggle only slightly, it revealed.

The supermarket giant commented that some 426,000 motorists will not attempt to cut the price of the new vehicles they buy between September 2007 and February 2008.

Potentially, this could make purchasing an automobile even more costly when car insurance and road tax are factored in.

"We would advise people to make sure they secure the best possible deal by being prepared to haggle over the price of their new vehicle," said Steven Baillie, head of Sainsbury's Loans.

Easier has reported that the latest Parker's Car Price Guide singles out the Peugeot 1007 as an "incredible" purchase.

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