You are here: Home - Household Bills - How to -

Seven ways to get the best deal on a new car

Written by:
Some essential money-saving advice for anyone considering buying a new car.

Stepping into a car show room can be an intimidating experience, especially if an overzealous salesperson jumps straight on you as you walk through the door.

But being prepared can give you confidence and save you money.

Here is a list of top tips from Sainsbury’s Bank if you’re in the market for a new motor.

1. Be prepared to haggle

Haggling might not come naturally to you, but it could save you serious money. According to Sainsbury’s Bank, the average car buyer can expect to slash 13% off the original price by haggling.

For more tips on the art of haggling, click here.

2. Look out for new models

When manufacturers introduce a new model, you can sometimes pick up a great deal on the old model. You could also ask if there are any ex-demos for sale.

3. Ask for free extras

Ask about having additional features thrown in for free that are not included as standard. For example, a sunroof or a full tank of petrol, road tax, servicing package or MOT.

4. Do your homework

Check out sites such as Parkers or What Car? to find out what other dealers are offering on the car you want to buy. This will also help you when it comes to haggling!

5. Don’t tell the salesperson you’re a cash buyer

If you’re a cash buyer don’t let the salesperson know this straight away – you may be able to negotiate a better price on the car if they believe you are going to get a finance package, which you can turn down later in the process.

6. Don’t reveal your budget

Never let the salesperson know your maximum budget and always offer a lower amount than you are prepared to pay at first.

7. Keep your excitement in check

If you look too keen the car dealer may be less willing to negotiate on price. Make them think you are prepared to walk away.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
London rents fall but millennial tenants still under pressure

Rents rose by just 0.4% across the country in April compared to 12 months ago - the lowest rate of...