Historically, the end of the financial year (EOFY) is the best time of year to buy your new car. Dealers and manufacturers are desperate to clear their dealership floors to hit their yearly target and are willing to let cars go at a seriously discounted price to do so.
However, 2021 is playing out differently to other years.
The shifting travelling behaviours from public transport to private vehicles has led to a major increase in demand for cars. Manufacturers and dealers are struggling to meet this growing demand.
COVID-19 has significantly slowed down manufacturing across the globe with factory closures and a reduced workforce to comply with restrictions.
Both making it much harder to find a deal on a new car, but not impossible. Remunerator are here to help.
Tip 1: Research
Know the car you want through and through.
This includes:
- Make
- Model
- Any optional extras you want.
If you're unsure, read our thoughts on what to consider when choosing your novated lease.
Also be aware if your new car is due for an update or facelift soon, these generally happen around every 5 years.
We have done some of the groundwork on some features like head-up display and the top 5 safety features.
Tip 2: Shop around
Learn about the market for your new car.
Are there enough models out there that you can use this to your advantage and negotiate yourself a discount?
If not, this is still valuable information to know as there are long wait times on many vehicles across the board. Cars are selling quickly now – you may have found the needle in a haystack!
Tip 3: How good is the deal?
There are other deals you can negotiate for yourself instead of a discount on the car. Some manufacturers are increasing their warranties or offering servicing specials.
Tip 4: Have Remunerator source your new car
After 30 years, we’ve built an extensive national dealer network giving us exclusive access to stock and pricing that you would not ordinarily receive walking into a dealership.
We take care of the entire car buying process for you, from finding your new car, negotiating the best deal, to delivery to you. This service is offered to all our customers – for free!
Remunerator customers save thousands on their new car with a novated lease. Save on GST of the purchase price of the car, running costs (including fuel, maintenance, and insurance) and reduce the amount of income tax you pay.
Are you ready to secure yourself an EOFY deal on your new car? We recommend talking to our novated leasing specialists as soon as possible on 1800 501 703 or novated@remunerator.com.au.
For more advice on buying your car during the End of Financial Year read our related articles here.