It’s that time of year when many car dealers are busy promoting end of financial year (EOFY) deals and, with a soft start to sales this year, you could potentially find a great bargain. You may be able to benefit from substantial discounts to existing stock, or from a range of optional extras like upgrades or free on-road costs. Here are six tips to help you make the most of these deals on wheels:


  1. Research the market: investigate prices and do not be afraid to walk away from a deal if you feel you can do better elsewhere.

  2. Obtain loan pre-approval: pre-approval can increase your bargaining confidence by confirming exactly how much you can spend.

  3. Negotiate: you may be able to remove deal features you do not need to bring the price down further or negotiate to include additional features.

  4. Review T&Cs: these deals are carefully designed to motivate you to purchase, so always read the fine print to help ensure that the deal is right for you.

  5. Consider dealer delivery fees: these fees do not relate to the dealer delivering your sparkly, brand-new car to you. Instead, they comprise the costs of getting the car ready for sale and for you to collect, such as valeting, mechanical checks and preparing vehicle registration paperwork. Such fees can raise the price so be sure to clarify any delivery fees with the dealer.

  6. Only buy what you can afford: remember that while a car is an expensive and often necessary purchase, it is not an investment as you are unlikely to receive a return on the money you paid for it. As an asset, it will depreciate over time.


We’re ready to help you
Enjoy that new car feeling with our award-winning Fixed Rate Car Loan. Whether you’re looking for a brand-new car or a used car that’s up to three years old, you can lock in a fixed interest rate for up to five years. Our award-winning Fair Rate Personal Loan can also be used to purchase a car, including vehicles over three years old. The variable interest rate tier is determined by your credit worthiness and borrowing history. Apply online or contact us to find out more.

If you're looking to buy a new car without the hassle of visiting multiple dealers, haggling prices or feeling pressured, try a car buying service such as National Car Search Australia, which is free for G&C Mutual Bank members.

About G&C Mutual Bank

G&C Mutual Bank is a different kind of bank – it’s your bank because you own it. As one of Australia’s strongest customer owned financial institutions, we strive to return our profits to our members via better rates, lower fees and innovative products. This approach has brought us a range of awards from industry experts such as Canstar, Mozo and RateCity.

Contact us to find out more about the G&C Mutual Bank difference and how you can own your banking.