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Research from credit card provider Sainsbury's Finance: British motorists could save money by haggling

Credit card provider Sainsbury's Finance has released new research suggesting that British motorists could save a total of £229 million over the next six months if they are prepared to haggle on the price of their new car.

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4 November 2009

Research from credit card provider Sainsbury's Finance: British motorists could save money by haggling

Credit card provider Sainsbury's Finance has released new research suggesting that British motorists could save a total of £229 million over the next six months if they are prepared to haggle on the price of their new car.

According to Sainsbury's Finance, those who do haggle could save as much as 50% on the list price of a new car.

The research found that 121,000 out of 1.14 million Brits who plan to buy a new car between now and February next year do not plan to haggle over the price.

Steven Baillie, head of Sainsbury's loans said: "Our research suggests that with stereotypical British reserve, many of us don't haggle hard despite the big savings that can be made, so we'd urge car buyers to give it a go."

Sainsbury's Finance is also currently offering a credit card with a typical variable rate of 15.9% APR.

Card holders can benefit from 0% on all Sainsbury's shopping for the first 12 months and 0% for ten months on all other shopping.

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Tesco ClubCard Credit Card Logo Tesco Bank Logo Tesco ClubCard Credit Card Apply
9 months 15 months 16.9%
** 16.9% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.9% p.a(variable). **
Virgin Credit Card Logo Virgin Money Logo Virgin Credit Card Apply
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** 16.8% APR representative (variable). Based on a credit limit of 1200 and purchase rate 16.8% p.a(variable). **
Barclaycard Platinum with BT Logo Barclaycard Logo Barclaycard Platinum with BT Apply
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