Home > End of financial year car deals

End of financial year car deals

Supplier News
article image

At Private Fleet , one of the most common questions we hear is "When is the best time to buy a new car?".

The short answer is whenever you are ready. However there are a few distinct times of the year when you can look to snag a real bargain. Notably end of the calendar year and end of the financial year.

With the former, there is a genuine increase in motivation for dealers to move stock - for example towards the end of this year, dealers will be desperate to shift any vehicles with 2006 build plates before we get too far into 2007. If you still have a 2006 car on the yard in mid 2007 - you're in trouble and may be forced to sell at a loss just to get rid of it.

The other time is end of financial year. Because many dealers and manufacturers work on targets for the end of financial year, there can be increased pressure to boost sales figures in June. Added to this is the fact that in business and industry in general, June is usually a great month to do business with less distractions such as summer holidays, Christmas and various public holidays. Finally increased fleet sales as companies try to grab a last-minute tax deduction also adds to the buying frenzy.

So, expect to see increased advertising during the month of June from manufacturers. End of financial year 'runout' deals are already being offered by Toyota, Ford, Mazda and many other car makers. So, if you are thinking of a new car in the next few months, maybe June might not be such a bad time to look at getting some pricing.

Remember through Private Fleet you not only take advantage of fleet bonuses from manufacturers and the extra dealer 'motivation' but you can also benefit from the buying power of Australia's leading car buying service.

Newsletter sign-up

The latest products and news delivered to your inbox