Tesco customers who earn Clubcard loyalty points on their shopping can now cash them in when buying a car.
Under the deal between Tesco and major car supermarket Motorpoint, Tesco will quadruple the value of Clubcard vouchers.
If you spend £100 on your shopping, you earn 100 Clubcard points, which is worth a £1 voucher. Tesco gives bonus points through various special offers, and sends out vouchers quarterly.
Under the deal announced yesterday, every £1 voucher earned through buying groceries – or using other Tesco services such as Tesco Personal Finance – will be worth £4 when used towards buying a new or used car at Motorpoint.
David Shelton, Managing Director of Motorpoint, said:’Motorpoint customers who bought cars during September saved an average of around £5,000 per car on recommended retail prices. Now Clubcard holders could boost that figure still further by redeeming their vouchers when paying for their new cars.’
Motorpoint sells cars online, over the phone or at five showrooms across the UK: at Derby, Burnley, Glasgow, Newport (South Wales) and Peterborough.
Which? Motoring Editor Richard Headland said: ‘If you’ve got a Tesco Clubcard, this appears to be well worth saving your points for. We regularly see some very competitive prices at Motorpoint – as with many other car supermarkets – so buyers will welcome saving even more money.
‘But buyers shouldn’t be blinkered – it’s still vital to shop around on new and used cars. You may be able to be get same price or better elsewhere, and spend your Clubcard points on something else.’