What do End Of Financial Year deals mean for new car buyers?
End Of Financial Year sales is about to start again! But what does that mean for you as a new car shopper? SAVINGS! And lots of it! But how? And why? And how do you know if you got a good deal? Here is our quick rundown so you know exactly what the End Of Financial Year deals actually mean for you!
What is the End Of Financial Year deals?
The 2019 tax-time sales are almost here. It is often when retailers try and get rid of any ageing stock, with the result being massive discounts on goods. These discounts can potentially save you thousands, or even tens of thousands, depending on what it is your purchasing. The automotive industry definitely provides you with an opportunity to save BIG!
End Of Financial Year deals in the automotive industry
In the automotive industry, savings can be passed on in a number of ways. Usually seen in the form of:
- Price reduction
- On-road costs
- Free accessories and upgrades
First, there is the obvious one, just straight up cutting a good chunk off the selling price, this is usually the most attractive to buyers because it is the simplest to understand, however, there are also other savings, which should not be overlooked because they too can save you a lot of money!
What does it mean when a dealer promotes free on-road costs? This means the dealer will cover some or all of the extra costs like Rego, Stamp Duty, Insurance, Road Side Assist and the Dealer Delivery fee. This can also save you a few thousands depending on the price of the vehicle your purchasing.
There is also the opportunity to save money by receiving free accessories or upgrades such as a free towbar, tray or even floor mats, or you could be upgraded to an automatic transmission for the lower cost of a manual.
What do we mean by saving on old stock?
Okay, now we have cleared up how you can save big, what do we mean by “getting rid of old stock”? It simply means selling the previous years stock cheaper than this year's stock. So a Toyota produced in 2018 which is the exact same as one produced in 2019, can come with a very attractive discount! Also, this is a good time to take advantage of any runout deals! These deals are when a particular vehicle has an all-new model coming so the entire old model stock needs to be cleared! At Sunshine Toyota, we currently have huge runout deals on the Toyota RAV4 as the all-new model is coming this May!
End Of Finance Deals at Sunshine Toyota, your local dealership on the Sunshine Coast
If you are in the market for a new Toyota, make sure you stay tuned for our MASSIVE End Of Financial Year sales coming soon! In the meantime you can book a test drive, enquire online or explore Sunshine Toyotas full range of vehicles.
