How to make the most of end of financial year sales?

Posted on Tuesday, June 3, 2014 - 00:00

The End of Financial Year (EOFY) is getting closer by the day. Car buyers who have been on the fence about purchasing a new vehicle will see car dealers falling over themselves to clear stock and give their sales figures a big bump before reporting to head office. June is traditionally the best-selling month for car dealers.

Mid-year sales usually mean you can get a new car for a lower than normal driveaway price. If you want to buy a few days before the end of the month, dealers are more willing to bend over backwards to make a sale, as their quotas might be falling short.

Here’s a list of some of the brands that are cutting prices across their models and dealerships.

(All sales are held between the 1st of May and 30th of June and cars must be ordered and delivered during that period to qualify, unless otherwise stated. Private buyers only.)

Hyundai EOFY Event

Korean powerhouse car maker Hyundai is putting on a huge EOFY event. All models are being discounted, from the small i20 to the sporty Veloster. Each car gets a $1000 factory bonus, and certain dealers are giving away accessories with car purchases.

Mitsubishi Motors End of Financial Year Sale

Mitsubishi is giving cash back on some of its top rated 4WD, ute and family sedan models. Some models such as the Challenger 4WD are eligible for $4000 cashback across the range. Drive’s best city car of 2013, the Mirage ES is going for $12,990 driveaway, although some report dealers are starting at $11,990.

BMW End of Financial Year Event

In addition to lowering their driveaway prices, BMW dealers are waiving the GST on their popular 3 Series sedan and the X1, the “world’s favourite luxury car.”

Nissan EOFY Bargains

Nissan seem almost desperate to sell their cars, looking at some of the driveaway prices on offer. Their flagship sports car, the 370Z can be yours for $59,990, down from $72,000 a year ago. Their new Pulsar models will go for $22,315, but dealers may relent and go lower than that, to $18,990.  

Suzuki’s Cheapest Small Car

Suzuki is selling their special edition Swift Navigator compact that comes with satellite navigation for $16,990 driveaway. How much do you save? A whopping $3500.

Holden Run Out

Holden is lowering the driveaway prices almost across the board and offering special incentives on select models. The Captiva 7 LS SUV comes with a $1000 factory bonus and electric sunroof. VF Commodores are also being offloaded with half-price V-series and V8 upgrades.

Disclaimer: This information is just a guide and please check with the respective suppliers.

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