EOFY – Best Opportunities to Buy a New Car

When looking for a car we have all heard: “There has never been a better time to buy.” Although it may be hard to believe, when it comes to End of Financial Year (EOFY) sales the phrase is pretty accurate.

While the weather is getting colder, the competition between car markers and sites are heating up. End of financial year occurs at the end of June and car dealers and companies are looking to end their sales year on a high. This gives you the perfect opportunity to walk out of the car lot with a new set of wheels after scoring a great price.

EOFY sales are created by dealerships as they are trying to hit sales targets and get rid of stock in the yard. Some dealers will reduce the price while also including free automatic upgrade, no on-road costs, and possibly including an extended warranty.

If you are in the market looking to buy a new car, here are a few tips to help you find the best deal through EOFY sales.

Research, research, research

There is still time between now and the end of financial year, so take the time to find a car that suits you best. Be sure to read reviews on a variety of models and brands. Start comparing, think of your current lifestyle, and decide on a car that will suit you now and into the future. Your goal is to decide on what car you are interested in before you walk in the door of a dealership.

Shop around

Finding the best deal can be like running around in circles, some dealerships will reduce their interest rates yet repayments can remain high. Some dealers will come across caring and clear yet will sting buyers with hidden fees and costs.

You can avoid the stress and frustration of searching for the right dealership by contacting a car broker. Here you are dealing with one person throughout the entire transaction. There is no need for you to rush around finding the best deal or having to negotiate and haggle for the best price.

Get ready to buy

After researching and shopping around you will start to have a budget in mind. Make sure this is clear, know what you want and be prepared to buy. Walking in with confidence in yourself and a budget will help secure your ideal model and price.

Pick your extras

Once you have found the right model, price, and you are feeling happy and confident to purchase, start asking for extras. This includes items such as floor mats and window tinting.

Avoid the hassle

By outsourcing your sale to a car broker you can relieve the stress of researching, haggling, and finding you the best deal all on your own. A car broker will complete all the research, find the right dealerships, the best price and handle any negotiation required — giving you the opportunity to sit back and relax.

If you have any further questions about buying a car during the EOFY period, please don’t hesitate to contact the Car Search Brokers team today.