We recently posted an article on the topic of less deals being available in the car market due to the limited supply issues. That article discussed how with many new models arriving with higher price tags, buyers can look to securing cheaper motor vehicle finance to reduce the overall purchase cost. But, with a little more digging around and research, we’ve uncovered a number of manufacturers that are currently offering deals on new vehicles.
With demand outstripping supply in many sectors of the motor vehicle market at the moment, buyers will need to be quick to capture the deals and offers. Many buyers are onto the need to realise any savings possible on new vehicle purchases due to current cost-of-living pressures and the rises on some newer models.
Some offers and deals will be limited to certain states, specific buyer categories and have timeframes. Those interested are advised to do their independent research and check the details and be quick. Deals on new cars are not as readily available as usual and the supply side of the market is not expected to stabilize until next year. At that stage we may see the return of the traditional dealer haggling. But the prices of new models may be a lot higher than current models. So any discount or special offer now, may provide a significant savings.
To ensure buyers are in a position to commit to the purchase on first test drive, we provide pre-approved car finance. This is available across our full selection of both business vehicle finances and private car loans. Our cheaper interest rates apply to both finance that is secured prior to purchase and loans arranged after that purchase commitment has been made.
So what’s the deal?
Mitsubishi Triton came in third behind the HiLux and Ranger in the August best-selling ute figures. So those looking for a new ute may like to consider the deals on offer from Mitsubishi. The Triton GLX-R 4 x 4 auto is currently being offered at $49,990 driveaway. The offer details do specify ‘private buyers in NSW only’. However, we have seen media reports that the offer is for ABN holders. So best to contact your local Mitsubishi dealer to discuss the specifics.
Electric Vehicle Offer
The move to EVs in Australia is ‘on’, based on the latest sales figures and comments from the FCAI. But the higher price has been somewhat of a turn-off for many buyers. Possibly this is time to consider the MG range.
MG is offering a great price on one of its 2022 ZS Essence models which is very competitive. Plus a complimentary gift on the purchase of a number of other models. The price advertised for the particular Essence EV is $48,990 driveaway plus the gift. To see what this price may equate to in car loan repayments, use our Commercial Car Finance Calculator.
Passenger Car Deal
The small category of passenger cars has seen a decline in sales in recent years as buyers favour SUVs. Subsequently, there seem to be less and less models available in this category. Many manufacturers are actually phasing out these models from their ranges. So buyers would want to be keep to secure the last small cars on the market.
Take a look at the offer from Suzuki on the Baleno. A model which apparently is being phased out. Reports have the deal saving buyers with on-road costs. Contact your local dealer for the specifics of what you could save on this nifty small-sized passenger car.
Savings are also apparently available on the Swift and highly competitive pricing on the Ignis. So worth a trip to your Suzuki dealer.
Motor Vehicle Finance Deals
While deals on new cars usually have a deadline – model run-outs, EOFY sales, end of year clearances, our offer of better interest rates is ongoing. Currently, interest rates are on the rise as the RBA implements measures to address soaring inflation and return rates to normal levels.
Lenders respond to RBA decisions with varying approaches. That can result in variations in motor vehicle finance interest rates across the lender market. We assist buyers to find the cheapest car finance to suit their requirements through our broker-style services.
Our consultants do the hard work for you, and quickly, to source the cheapest vehicle finance rates to save our customers on the car purchases. The interest rate is critical to the overall cost of the finance and hence to total cost of the actual vehicle. Securing a cheaper rate can reduce that cost.
Car buyers requiring finance can also consider a number of other actions to reduce the monthly payments on their car loan and/or the total interest payable. That includes paying a deposit rather than opting for no depositing finance; considering the loan term and how that affects the monthly payment; and for business buyers, considering the balloon/residual amount.
To be one of the first in for the current deals on new cars, contact us for pre-approved finance at better interest rates.
Contact Jade Car Loans at 1300 000 003 for pre-approved finance at cheaper rates to quickly capture deals and offers on new cars.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.