The end of financial year sales causes a stir of excitement amongst prospective car buyers every year. Car dealers seem to be selling cheaper cars, giving better incentives, and striking good deals. So let’s find out if June really is the best time of year to buy a car, and why that might be so. Plus learn a few tips you can use to leverage your money better with car salespeople.
Getting a good deal on a new car can be done any time of year; however, it’s more likely you’ll get one at the end of the financial year for a number of reasons:
If you’re looking for a car around this time, it can pay to bargain with the dealers. Due to the above reasons, they might be more flexible with their deals, add on extras or decrease the price of your new car. They may also want to sell their stock quickly to make room for more new cars.
As with any large financial decision, it’s important to be prepared and not rush into things. Before you decide on your vehicle ensure to research it first, perform test drives, and shop around for a good deal. Part of this process should also be obtaining insurance so it’s ready to go before you drive onto the roads in your new car.
Make sure you’ve got the right car insurance policy:
If you’re planning on buying a car this financial year, find out more about our car insurance.
Police & Nurses Limited (P&N Bank) ABN 69 087 651 876 acts under its own AFSL and under an agreement with the insurer Insurance Australia Limited ABN 11 000 016 722 trading as CGU Insurance. Any advice is general only and does not take into account your personal circumstances.
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