black friday

Finance experts say THIS is how to bag the best Black Friday bargains

With the second lockdown coinciding with Black Friday, shoppers will be vying to take advantage of bargains online this year more than ever before.  

The sheer volume of discounts and deals can be overwhelming, so experts at Hitachi Personal Finance have provided top tips on how shoppers can navigate the chaos and secure the best deals. 
 

  1. Start early
    A lot of businesses launch deals early in an attempt to spread out demand and avoid their systems becoming overloaded. Take some time to have a look around for the items on your wish list and to find the best deal early to make sure they aren’t already sold out by the time Black Friday hits.  
     
  2. Check product price histories
    Whilst reviewing the quality of the goods you are in the market for is important, doing some digging into a product’s previous price history is invaluable. Black Friday deals get their appeal from being the cheapest offers around, but this may not necessarily be the case. Making use of price comparisons sites, such as Google Shopping, will help you be certain you’re getting the best value for money and that your deal really is a good one.  
     
  3. Have a list of retailers ready
    If you’re after one particular item, such as a new laptop or smartphone, the chances are you’re not alone, and overcrowded retail sites can often run slowly or even crash due to heavy traffic. A key tip to try and negate this is to find several different retailers that all sell the product you want, then set up accounts with each one in advance with your purchase details securely stored so you’re ready to bag the best deal and check out efficiently. 
     
  4. Make the most of loyalty perks
    A lot of retailers often offer their members or those with loyalty cards exclusive offers or early access to deals. Signing up for a loyalty membership is usually free and very simple to do, and it’s this time of year when the persistent newsletters and emails tipping you off about the best bargains will come in handy. 
     
  5. Abandoned basket discounts
    Doing almost a dummy run of buying the products you want can be hugely beneficial, not just in terms of streamlining your shopping, but can lead to retailers offering targeted discounts to items left in your online shopping basket. Try bundling together everything you want but leave at the checkout stage, you may find you receive an email from the retailer offering you specific deals without having to endure any stress. 

 
Vincent Reboul, Managing Director of Hitachi Capital Consumer Finance, commented: “The effects of the pandemic have seen online shopping sales skyrocket this year, which is undoubtedly going to have an impact on what is already a busy day for retailers and shoppers on Black Friday.  

“Those irresistibly low prices often facilitate a mad dash to the checkouts, with everyone racing against each other to make sure they get the items they’re after, which can be a huge cause of stress and frustration. 

“With the vast majority of activity focused online this year in light of current restrictions, we are confident that our guidance will enable this year’s shoppers to relieve some of the pressure, by taking necessary steps to plan their Black Friday shop early and get themselves ahead of the competition.”  

For more expert insight into how you can have a successful Black Friday experience, please visit: https://www.hitachipersonalfinance.co.uk/latest-posts/money/top-tips-for-bagging-a-bargain-this-black-friday-and-cyber-monday/    

Posted by Susannah Griffin