How EOFY Benefits Used Car Buyers

1. Dealers are Keen to Clear Stock (Yes, Used Too!):

While the biggest push for new car sales happens at EOFY, dealerships also manage significant inventories of used vehicles. As they make way for new stock and aim to hit their financial targets before June 30th, they become more motivated to move existing stock, including their pre-loved vehicles. This often translates to more flexible pricing and a greater willingness to negotiate. It's a fantastic time to find a dealer eager to make a deal and get that car off their lot!

2. Increased Trade-Ins Flood the Market:

With the new car buying frenzy, comes a surge in trade-ins. As people upgrade to brand new vehicles, their perfectly good used cars enter the market. This influx of quality used vehicles means more choice for you! More supply often leads to more competitive pricing as dealerships look to turn over their increased inventory quickly.

3. Budget-Conscious Buyers are Looking for Value:

EOFY is a time when many individuals are reassessing their finances and looking for ways to be smart with their money. Buying a used car is inherently a more budget-friendly option than a new one, and at EOFY, the potential for even greater savings becomes a huge draw. Dealers understand this and are often prepared to meet the market with attractive pricing and incentives to appeal to this cost-conscious mindset.

4. The "New Car Glow" Doesn't Last, But the Value Does:

Let's face it, the moment a new car drives off the lot, it experiences its steepest depreciation. By opting for a used car, you're already sidestepping that initial hit. During EOFY, with the increased availability and dealer motivation, you can often find a late model used car with fantastic features and low kilometres for a fraction of its original price. You get all the benefits of a well-maintained vehicle without paying the "new car premium."