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Best Time to Buy Used Cars in Australia

Timing can be everything when it comes to getting the best deal. Ever wondered when’s the right moment to head to the dealership? Well, you’ve come to the right place. Whether you’re hunting for the family SUV or dreaming of that sleek convertible, understanding the rhythm of car sales can help you strike the best deal all year round. 

Pro tip: Retailers often offer significant discounts to hit sales targets or clear the floor for new arrivals. Knowing these key times can be your ticket to savings!

In this guide, we’ll break down why certain times—like the end of the month, the financial year, and even post-holiday seasons—are prime opportunities for car shopping. Plus, we’ll dive into the secrets of snagging those elusive run-out deals that make your purchase truly worthwhile. 

Year-End vs. New Year Car Shopping: What's Best?

So, what’s the verdict on year-end versus New Year car shopping? It really boils down to your personal priorities. If snagging the absolute lowest price is your aim, late December might be preferred thanks to dealers driven to meet year-end quotas, resulting in potentially hefty discounts. However, if you prefer a relaxed, no-overcrowded shopping experience with unique New Year incentives, the beginning of January may suit you better. 

Bear in mind, late December isn’t just about price cuts. It also offers a wider selection of vehicles, as dealerships clear out inventory. You’re more likely to find the exact model, color, and configuration you desire. But remember, the holiday hustle might mean a bit more competition for these deals. 

Conversely, New Year sales in January can deliver attractive incentives such as special financing rates or deal between seeking to balance the on rely lease offers. It’s a fantastic time to explore relevant options if dealership selections meet your requirements. The quieter atmosphere at dealerships in January could be quite appealing, allowing you time to dig into details and make thoughtful decisions. 

Whether you choose December or January could depend on several factors unique to your situation. Are you more inclined to score a significant discount, or is a variety of options more important to you? If you’re interested in substantial savings, December may be the ultimate choice. This time of the year, dealers are often eager to clear out existing inventory and are more likely to offer attractive incentives.

On the other hand, if you’re someone who values choice and doesn’t mind paying a bit extra for that flexibility, perhaps January is a better fit. While discounts might not be as abundant, you’ll have the luxury of exploring a wider selection of models and features. 

Unlocking the Benefits of Used Car Dealership Incentives

Amidst the hustle and bustle of December, a prime opportunity presents itself for savvy car buyers. Dealerships are often eager to close deals by the year’s end to meet annual sales targets, offering you a golden chance to negotiate effectively. Fast forward to January, the landscape shifts slightly, introducing an avenue of fresh promotions aimed at clearing out inventory, especially useful if you’ve been eyeing a pre-owned vehicle.

Dealerships often meet sales quotas by offering discounts at the end of the month

The end of the financial year brings a wave of deals as well—March is a significant month across many industries, car sales being no exception. Salespeople might offer reduced prices or added benefits as they strive to achieve fiscal goals. Navigating these waters with a strategic mindset can yield substantial savings. 

Interestingly, August is another pivotal month, especially for spotting run-out deals before the release of new models. Keep an eye out for trade promotions and events dealerships that might host to shed older inventory in anticipation of updated designs. 

Spotting Run-Out Deals Before New Models Hit the Market

As an informed buyer, catching wind of run-out deals before new models hit the market can be your golden opportunity to snag an impressive bargain. When manufacturers prepare to launch their latest models, dealerships are often keen to offload the existing stock. This is your chance to take advantage of the discounts they offer. 

15%

discount on previous car models often available with the release of new models

Keep Your Eyes Peeled on Timing: Generally, car manufacturers release new models in the fall. So, in the lead-up to these releases, you might find dealerships eager to clear out older inventory. Take note of these timing cues and plan your car shopping spree around them. 

Regular Dealership Visits: Don’t hesitate to make regular visits to local dealerships during these transition periods. Dealers will likely display enticing bargains to attract customers and make way for new arrivals. This proactive approach ensures you don’t miss out on unadvertised deals. 

Subscribe to Alerts and Newsletters: Stay updated by subscribing to alerts and newsletters from your favorite car dealerships. Many dealers are thrilled to share price reductions via email or texts, creating an informed base of potential buyers ready to pounce when prices drop. 

Utilise Online Resources: Websites and online platforms often track car price trends and the impending launch of new models. Use these resources to monitor deal announcements and identify the best time to act. 

Spotting run-out deals requires a bit of vigilance and quick decision-making. But with some strategic planning, you can secure your dream car at a fraction of the original cost, leaving your wallet as happy as you are with your new ride!

Shopping Around the Financial Year-End

When it comes to car shopping, aligning your purchase with the financial year-end can be a savvy move. As the fiscal year draws to a close, dealerships are keen on clearing out their inventory to make room for the new models that are soon to arrive. This urgency to meet sales targets often translates into generous incentives that can substantially benefit you as a buyer. 

During this period, dealerships might offer attractive promotions like hefty discounts, favorable auto financing options, and even cash-back deals to entice potential buyers. It’s an ideal time to leverage these deals and potentially drive off with a better-priced vehicle than you might have expected. 

20%

increase in sales is reported by dealerships at the end of the financial year.

Being well-prepared is essential; this means having a clear budget, understanding the vehicle specifications you need, and being ready to negotiate for additional perks. By approaching the financial year-end with a clear strategy, you are more apt to secure a deal that aligns best with your budget and requirements.

Navigating January Sales: Tips for Smart Car Buyers

January is a time of fresh starts, and what better way to embrace the new year than with a smart purchase! Savvy car buyers know that January can offer promising opportunities to snag excellent deals, especially after the holiday sales rush. Here’s how you can make the most of the January sales. 

Used car prices typically drop by
5-10% in January compared to December

January sees a 25% increase in trade-ins, boosting used car inventory

Consumer interest in used cars increases by 30% in January due to holiday spending recovery

FAQ

When is the best time of year to buy a used car in Australia?

Many buyers find great deals during the financial year-end (June) or the calendar year-end (December) when dealerships offer discounts and incentives to clear stock.

Are used car prices cheaper during the financial year-end?

Yes, dealerships often provide discounts and run-out sales during the financial year-end (June 30) to meet sales targets and clear older stock.

Should I wait for new car models to be released to buy a used car?

It’s a good strategy as dealerships often reduce prices on used cars to make space for new models hitting the market. 

Is buying a car in December a good idea?

Yes, December is an excellent time because dealerships aim to hit year-end targets, and you can negotiate better deals on used cars. 

How can I take advantage of dealership incentives when buying a used car?

Look out for promotional offers, free servicing, or warranty extensions often provided during sales periods like the financial or calendar year-end.

Is it better to buy a used car privately or through a dealership?

Buying through a dealership often provides added benefits like warranties and safety checks, but private sales might offer slightly lower prices if you inspect the car carefully.

What should I consider when timing my used car purchase?

Factors like sales periods, dealership stock clearance events, and end-of-month or end-of-quarter targets can influence pricing.

Are prices lower on weekdays or weekends?

Visiting dealerships on weekdays can sometimes lead to better negotiations as they are less crowded and salespeople have more time to engage.

Can I negotiate better deals during special events or sales?

Yes, events like EOFY (End of Financial Year) sales or Boxing Day promotions are excellent times to negotiate better deals on used cars.

Author

Picture of George

George

George is the director and chief mechanic/inspector at GPS Vehicle Inspections in Sydney, guiding a seasoned team of mechanics in ensuring used car buyers are well informed. With a rich 25-year legacy, George's crew meticulously evaluates a range of cars, from standard to prestige and electric cars, using cutting-edge diagnostic tools. Their mission? Shielding clients from poor car investments through exhaustive, dependable inspections.

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