newcar_shutterstock

End of Financial Year Car Sales

Find out how to save money by taking advantage of end of financial year sales on cars.

Special deals on cars always pop up during the end of the financial year (EOFY), as car dealers clear their outdated stock to meet their yearly sales targets. Shopping at EOFY sales can save you money, as this is the time when car distributors and dealers give customers special deals as an incentive to achieve better car sales before they close their books for the year.

This guide will take you through how to sales work and list a few bargains you can pick up this year.

EOFY car sales roundup

A selection of EOFY year deals

Finder Score Price Review

Holden Astra Hatch R Manual
81.20%from $19,990Read Review

Holden Colorado LS 4x4 Crew Cab Pickup Manual
80.00%from $39,990Read Review

Holden Commodore Liftback LT Turbo Petrol
-from $35,990

Honda HR-V
-from $26,490

Honda Civic Hatch
76.20%from $24,990Read Review

Honda Jazz
-from $15,990

Kia Sorento Si
-from $43,990

Kia Cerato S
-from $19,990

Toyota RAV4 2WD GX
76.33%$31,990Read Review

Toyota HiLux 4x2 WorkMate
73.33%$22,990Read Review

Toyota Corolla Ascent Sedan
-$22,990

Volkswagen Amarok Core 4x4 Dual Cab
85.00%from $41,990Read Review

Volkswagen New Polo 70TSI Trendline
82.60%from $17,990Read Review

Volkswagen Passat
-from $35,990

Volkswagen Golf
82.00%from $23,990Read Review

Check out our car parts and accessories deals roundup

Stratton Finance New Car Loan Offer

Stratton Finance New Car Loan

from

5.29 % p.a.

fixed rate

from

6.56 % p.a.

comparison rate

  • Rates from 5.29% p.a.
  • Loan terms 1-10 years
  • Fast approval
Security Logo

100% confidential application

Stratton Finance New Car Loan Offer

Apply for Stratton Finance Car Loan for purchasing a new car and enjoy a great fixed interest rate.

  • Interest rate from: 5.29% p.a.
  • Comparison rate: 6.56% p.a.
  • Interest rate type: Fixed
  • Application fee: $459.20
  • Minimum loan amount: $18,000
  • Maximum loan amount: $100,000
Go to site
Promoted

EOFYS car loans you can apply for

Rates last updated May 21st, 2018
$
Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Monthly Service Fee Application Fee Product Description Monthly Repayment
Stratton Finance New Car Loan
From 5.29% (fixed)
6.56%
$18,000
1 to 10 years
$8.90
$459.20
Apply for up to $100,000 and have up to 10 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.
RACV New Car Loans
From 5.99% (fixed)
6.53%
$15,000
1 to 7 years
$0
$380
A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.
Beyond Bank Low Rate Car Loan
From 5.69% (fixed)
5.97%
$25,000
1 to 7 years
$0
$175
Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.
MyState Secured Personal Loan
From 7.99% (variable)
8.96%
$10,000
1 to 10 years
$10
$200
Apply for a loan up to $75,000 and benefit from loan terms up to 10 years. Your choice between secured or unsecured.
Heritage Bank Car Loan
From 8.99% (fixed)
9.62%
$5,000
1 to 7 years
$5
$200
Apply for up to $100,000 to finance a new or used car at a competitive fixed rate.
Westpac Car Loan
8.49% (fixed)
9.67%
$10,000
1 to 7 years
$12
$250
Finance a new or used car and benefit from great features for car buyers including a car search tool and the option to borrow extra for on-road costs. Borrow funds to purchase a new or used car before 28 June 2018 and receive a $200 fuel voucher.

Compare up to 4 providers

EOFY sales are usually brilliant, with many dealers across Australia offering great deals on car purchases. In fact, this period is the only time you can get bargains that can save you a couple of thousand dollars with deals that cover off-road costs i.e. third-party insurance and registration fees.

How to bargain for a better deal during EOFY

EOFY car sales present a unique opportunity to purchase cars at reduced prices, as dealers battle to attract more customers before the close of the year. Purchasing a new car during these sales gives you a genuine opportunity to save money and get a great deal.

As lucrative as it may be, getting a great bargain on EOFY sales can be a daunting task, as the period is usually hectic. To ensure you get in on the act and enjoy great bargains on cars, take time to compare personal car loans from different lenders, so that you get one that suits your finances. During the close of the year, lenders are also desperate to hit their yearly credit targets, meaning that you can get a car loan with reduced interest rates even with a credit rating that is not so great. With your low-interest motor vehicle financing, your will be well positioned to take advantage of end year deals from car dealers and get a business vehicle such as a truck or SUV, or a personal car for lowered prices.

How to save money when buying a car during EOFY

The main reason why people jump at EOFY sales is to save as much as possible on a car purchase. Keep the following tricks in mind to make sure you get the best deal during the sales:

  • Terms and conditions. Some car dealers are not very transparent about the real price of the car they are advertising. In order to ensure you get a good deal, be sure to read through the fine print on the car advertisement to ensure the car you are buying is the right car for you.
  • Pick and choose features. Extra features on prestige car models can raise retail price significantly, so you can ask for certain features you may not need to be dropped in an effort to bring the cost of the car down.
  • Cost of delivery. Delivery fees should also be considered carefully when buying a car because they can raise the price despite the dealer offering discount deals on on-road costs.
  • Deals and packages. If you find a dealer offering competitive rates, you can save more by taking advantage of this, especially if the rates are offered as part of a lucrative overall package. However in most cases, it may be better to use your financial institution to source for affordable car finance to use during EOFY sales.
  • Consider pre-approval. If you're looking to secure finance for your car purchase, you might want to look into getting pre-approved for your loan. Pre-approval can give you the upper hand in the sale as you'll know how much you have to spend and have more bargaining power. Find out more about pre-approval by reading our guide.

Picture: Shutterstock

Was this content helpful to you? No  Yes

Related Posts

Car Loan Offers

Important Information*
Stratton Finance New Car Loan

Apply for up to $100,000 and have up to 10 year(s) to repay. You can use cash or trade in a vehicle to use as a deposit.

Beyond Bank Low Rate Car Loan "Special Offer"

Take advantage of a competitive rate, pre-approval and no early repayment fees when you finance a car under two years old.

RACV New Car Loans

A competitive rate car loan from RACV with no monthly fees and 5-hour loan approval.

Heritage Bank Car Loan

Apply for up to $100,000 to finance a new or used car at a competitive fixed rate.

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site