Martin Lewis fan explains how they saved £926 on their summer holiday

30 June 2023 , 06:00

503     0

One Martin Lewis fan managed to shave off over £900 on his holiday costs by following one Money Saving Expert tip

One Martin Lewis fan has shared how they managed to save £926 on their summer holiday by following one of the MoneySavingExperts' tips.

The Martin Lewis fan, only known as Paul, wrote to the MSE website to share his story.

Paul told the MSE team he followed Martin's "cancel and rebook" tip for his holiday car hire.

If you have free cancellation for a holiday purchase - such as a hotel booking or car hire - you should continue to check your booking on price comparison websites to see if it becomes cheaper.

If it does, and you have free cancellation, then you can cancel and rebook it for cheaper.

Martin Lewis issues 8-week warning to phone users ahead of huge price hikes

Paul explained to the MSE team that he had booked a car hire for his three-week summer holiday in January of this year.

However, Paul found that the price for his exact deal had "dropped dramatically" a little while later.

This was when Paul remembered what he had heard the MoneySavingExpert talk about on his ITV Martin Lewis Money show.

Paul had free cancellation on his hire plan so cancelled it and rebooked it there and then.

This helped him shave off the car hire price by around £742.

A few weeks later, Paul discovered that the price of his care hire had dropped again - so cancelled and rebooked again which helped him save a further £184.

Overall, following the "cancel and rebook" tip, Paul managed to save £926 on his holiday car hire.

Paul said: "On Martin's ITV show, someone messaged about saving on car hire by cancelling then rebooking - we did similar.

"In January, we booked for our three-week summer holiday, then discovered the price had dropped dramatically.

"We had free cancellation, so we did that then rebooked, saving £742.

Martin Lewis urges everyone with a mobile phone to send two texts to cut bills

"A couple of weeks later the price dropped further, so we did it again, saving a further £184, a total saving of £926."

The MSE website says that it is "well worth " looking for a flexible policy when booking car hire as firstly it will cover you if you have to change or cancel your plans.

Some of the biggest care hire sites, such as Avis, Enterprise and Europcar, all offer free cancellation.

The MSE website does urge you to double check the terms and conditions of your plan before going down this route - just to make sure free cancellation is included.

This is because some sites can add in some "sneaky fees" such as admin or reimbursement charges - some of these can potentially top £30.

It does also note that sites which offer free cancellation are "by no means" the cheapest" - this means you will likely be paying more for a flexible booking.

Ruby Flanagan