The purchase of a new car is considered the second most significant purchase the average Australian will make in their lives.
There are certain times in the year that cars feature special prices and you’re likely to get a better deal. The end of year sales is known as one of the best times in the year to buy your new car.
Here are six advantages to buying at the end of the year, as opposed to during the year.
1. Discounted Pricing
Dealerships will offer significant discounts on 2023 plated vehicles to make space on their showroom floors for newer 2024 plated models.
This is known as the plate clearance sales, and they start from end of November and continue all the way though to January or February in some cases!
2. Negotiation Power
Dealerships are eager to sell off older inventory, this can give car buyers the opportunity to secure a better deal and greater negotiation power.
This negotiation power can be on both reducing the price or additional features, and on the trade-in price of your current vehicle if you trade it in.
3. Clearance Incentives
Manufacturers and dealerships may provide additional incentives such as free add-ons, extended warranties, or free maintenance packages. This all in a bid to entice new car buyers to finalize the deal efficiently.
4. Immediate Availability
Over the past few years, new car buyers have experienced delays or wait times for their new cars. This waiting period is eliminated during the plate clearance sales as 2023 cars are already in-stock and available for immediate purchase.
This is advantageous for buyers who need a new car without waiting for a factory order.
5. Upgraded Features
In some cases, new car buyers can get more for less, the outgoing models may have additional features or improvements compared to earlier versions.
During the plate clearance sales, it’s not unheard-of for dealers to add on exciting features such as free floor mats or servicing deals to attract buyers.
6. Transparent Pricing
Dealerships often advertise clear-out prices during the plate clearance sales, making it easier for buyers to understand the actual cost without hidden fees.
If you’re ready to buy your new car with a plate clearance deal, our novated leasing specialists can help you through your car buying journey, take care of negotiations and find you the best deal for your new car on a novated lease!
Request a quote to learn how much you can save.