Credit Crunch savings for UK motorists

Due to the fall in sales, nearly every car company is offering huge discounts across the range for new vehicles. Traditionally March is the biggest month for sales, with the first registration change of the year, however this year sales are expected to be over 30% down on last year.

Conservative estimates from the motor trade report £750 million pounds of savings on new cars in the UK. If anyone has the available cash to buy a new car, now is the time to purchase a vehicle. Market conditions are forcing dealers to offer unbelievable discounts on new vehicles to make way for 09’ stock. To help hard pressed dealers iQuote Insurance are offering up to 50% off motor trade insurance, which is much needed assistance in the current economic climate.

Currently some car dealers are offering £10,000 or more off the list price of new vehicles to clear existing stock. The biggest volume cars in the market are Vauxhalls which is unsurprising as on certain models of the Insignia and Tigra you can get a £5K discount.

The key to getting the right deal from your car dealer is to haggle over the price, options list and other free extras. For those with cash to splash it’s a buyers market, so push for sat nav, air con and an extended warrantee. Also make sure you get a price online before you visit the showroom, if you know the car you want - and what you should be paying, the dealer will want to offer you the deal to clinch that sale.

So remember if you have the money, now is the time to buy a new car with a huge discount and the extras you want thrown in!