Why EOFY Is A Good Time To Buy A New Car

26 May Why EOFY Is A Good Time To Buy A New Car

Dealers often lure customers about there “never being a better time to buy,” but this phrase holds true for car buyers especially in the months of May and June, where you may find an attractive offer.

Take advantage of the EOFY car sales.

One of the greatest opportunities for an automotive bargain continues to present itself at this time of the year because it marks the end of financial year or EOFY. Manufacturers and car dealers push up their products in order to reach their sales targets.

There are various incentives being offered such as modest price discounts, value-added deals such as free-road costs or upgrades, registration fees, third-party insurance, and low interest rate specials. Each tactic is strategically marketed to make the customers want to purchase a new vehicle. The end of any month is actually often a good time to buy, but it isn’t always the case because of the consistent competition in the market.

Get this—every dealer has a quarterly, half-yearly, or annual target, and they are being monitored on a daily basis. They have to hit those targets. There can be a target for a specific brand or model, so they will come up with an incentive to lure car buyers.

How to secure a better deal during EOFY

 In order for them to reach their sales target for EOFY, car dealers compete to persuade customers to purchase. Deciding to buy a new vehicle at this time is a perfect opportunity for you to find a car and land on a competitive deal.

As promising as it may sound, securing a good deal can be a stressful process as this period tends to be hectic. Tip—contact a finance broker to help you with the whole process. Soul Finance Group can help you compare loans from different lenders so you can get one that suits your financial capability. End of financial year also applies for lenders so expect better interest rates. With access to a wide range of lenders and credit providers, Soul Finance Group can assure you that you will land on the most competitive deal that fits your financial circumstance.

Take advantage of the EOFY car sales now, maximise the competitive interest rates, and get yourself that business vehicle, or SUV you’ve been meaning to buy for a long time now!

Disclaimer:

Credit Representative (486927) is authorised under Australian Credit Licence 389328.

 This article provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.