Sainsbury's offers savings on new car purchases

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Sainsbury's offers savings on new car purchases

Sainsbury's Bank has launched a new scheme which could save buyers as much as £3,500.

The company's car purchase scheme, "Drive", has launched three new initiatives on its website aimed at making it cheaper for motorists to buy a new car.

The first initiative is a payment calculator that enables drivers to find the best car for them according to their own particular financial situation.

The value of used cars can also be calculated by using the valuation tool, which indicates the current market value of all new cars.

Finally the company car tax calculator allows company car drivers to find out how much tax they are paying and how the company scheme affects them financially.

The initiative was launched following research by Sainsbury's showing that UK drivers are losing thousands of pounds as they struggle to find competitive prices for new cars, fail to minimise the impact of depreciation, and cannot get market value when selling or part exchanging their old car.

"With our car purchase scheme, we are committed to flexible and affordable hassle free motoring," said Valerie Wood, car purchase scheme manager at Sainsbury's Bank.

"We have always tried to provide motorists with everything they need to make informed decisions when purchasing a new car and we believe our new initiatives go a long way to help them achieve what's right for their individual needs."

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