Normally at this time of year, the end of the financial year, car buyers are treated to a plethora of EOFY sales and special deals. But with the current new vehicle market, there is not expected to be as many EOFY car deals in Australia in 2022 as usual. The new car market has been hit hard by pandemic-related and other issues which have severely limited supply. However, despite the supply issues some car makers are offering EOFY deals and buyers can be in a good position to purchase by first securing their motor vehicle finance.
Supply of new vehicles has been extremely tight for the past few years, particularly as a result of the computer chip shortage which is impacted many manufacturing sectors. Wait times for some of the most popular models has blown out to 3-12+ months while other new releases have been delayed.
But we have put our team to work to research what deals are out there to assist our customers.
Finding the Deals and Discounts
With deals and discounts hard to find, we did manage to find a number of offers for buyers to consider. But in reviewing the offers, make sure you study the terms and conditions. Some offers are noting ‘delayed delivery’. So you might have to wait to actually bag that bargain.
Delivery time may be critical in the overall savings realised if the purchase is being made with finance. While we can arrange pre-approved finance, these loans do have an expiry date. Great to finding out how much you may be approved for borrowing so you can establish a budget. But if the loan offer expires prior to the vehicle delivery, the loan would need to be reviewed and possibly re-priced.
With the RBA Governor giving extremely strong indications of further rate rises in coming months, the savings on the vehicle price will need to be balanced against any possible higher interest rate on the finance.
Keeping that in mind, check out some of the deals currently being advertised:-
- Isuzu Ute is an extremely popular workhorse and suitable across many trades, agricultural and general weekend duty. Isuzu is currently advertising reduced pricing on the D-Max 4 x 4 X-Terrain Crew Cab Ute in Auto and one of the 4 x 2 Single Cab Chassis variants as well as the MUX 4 x 4 LS-T in auto transmission.
- For business operators looking to upgrade their van, check out the offers from Mercedes-Benz on the different variants in the Vito range. The offer appears to present savings in the on-roads – rego, CTP and stamp duty. Any saving is a saving!
- For passenger car buyers head to the Kia website – but be quick. The advertised offer of driveaway pricing from just over $28,000 on the Stonic is only available until 30 June. The same deadline applies to the reduced pricing on the Cerato, Picanto, Stinger and Rio. Plenty of variation in size and style so buyers in this category should be able to find a vehicle which suits their driving needs and their budget.
- Alfa Romeo is reported to have special pricing on a Stevio until 30 June also.
Reportedly, deals, not specifically named as EOFY, can be found from other brands but you’re best to check with the dealerships directly to see what models they have discounted. Some manufacturers are presenting ‘savings’ on current models prior to upcoming price increases. In real terms, that could be a great deal especially if you also secure finance prior to upcoming interest rate rises.
Beating the 30 June Deadline
With just days to the 30 June deadline, the race is on. Can you find a vehicle and can you arrange finance in that timeframe? The vehicle sourcing is up to you. But in regards to finance, Jade Car Loans offers quick quotes and fast approvals while still guaranteeing better interest rates to assist buyers in a hurry.
Urgency doesn’t mean you’ll need to pay more on your motor vehicle finance. The budget-friendly business car financing rates offered by our lenders is based primarily on an assessment of the credit worthiness of the loan application. We can still secure cheaper interest rates quickly as we have direct, industry-level links to a vast number of lenders.
In fact, if you are in a hurry, using our broker-style services is extremely likely to be a lot faster than attempting to source finance yourself through a bank or a finance company. If offered dealer finance, make sure you still contact us for a quote to compare as we do stick by our better interest rate policy.
Another tip – ask if the 30 June deadline advertised by manufacturers for special deals is definite? Some EOFY offers will be ‘while stocks last’ so they may be available into early July.
Finance Options
For private buyers, the Secured Car Loan will be the most suited loan type for most buyers and most vehicles. Business buyers can select from our full range of finance products with Chattel Mortgage offering potentially extra tax benefits through IAWO and temporary full expensing.
Prior to heading to a dealership, give us a call so we can start your application and get moving on quotes.
Contact Jade Car Loans on 1300 000 003 for better interest rate car loans for EOFY deals and discounts on motor vehicles.
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.
