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If ever there was a time to grab a new car bargain it s now.

End of financial year car deals.

This month and in the lead up to the end of this financial year spells a perfect storm for deals as people stay indoors because of the virus new car sales shrink for the 26th consecutive month and ships still arrive in australian ports loaded with lots of fresh vehicles there s only one way this can end moving cars at. New car shoppers will see significant rebates and more wiggle room in negotiations as automakers and dealers try to clear. Car makers have also sharpened their pencils for the 2020 end of financial year sales slashing up to 10 000 off the prices of some popular models. Hyundai s luxury division is running a 0 down and 0 first month s payment leasing deals through the end of the year.

Around 125 000 buyers will drive away with a new vehicle this june and many will have scooped up one of the excellent new car offers for the month as dealers quit stock before the end of the financial year 2019. This year s sales come on the back of the worst slump on record for the new car market although car makers are reporting increased showroom traffic as lockdown restrictions ease. The sale ends on january 6 2020. This month there are plenty of great lease and cash back offers on compact and midsize sedans.

Purchasing a new car during these sales gives you a genuine opportunity to save money and get a great deal. Comparison rate is based on a 5 year secured consumer fixed rate loan of 30 000. This october is turning out to be a great time to buy a new car. 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 financial year.

Now it s on again. As well an increase in cars already in stock in australia known in the trade as cars on grass means that there s more than one way to save money on a. Maximum finance term of 48 months applies. Ask your dealer for more information.

More on best car deals. Here are the best car deals in september of 2020. Automakers are trying to boost sales and clear lots of 2020 models by offering massive amounts of cash back and long term 0 financing incentives. Some of the best car deals australia has to offer for the eofy car sales are in suvs and here s a sample.

With the car industry experiencing a soft start to the selling year a lot of companies are increasingly keen to move a raft of new cars as the end of the financial year draws near. Last june 126 069 new cars suvs and commercial vehicles excluding heavy trucks found owners to make it one of the busiest on record. Toyota finance reserves the right to change extend or withdraw an offer at any time.

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