Now could be the time to get a great deal on car finance and prices
Industry officials have said that now could be a good time for Australians to buy a newer vehicle, with knock down prices and great deals on finance.
Buying a newer vehicle can be a very expensive affair, and in the current financial climate it can be particularly difficult to afford a more reliable vehicle. However, one report has suggested that for those willing to opt for a 2008 vehicle rather than opting for a far more expensive brand new vehicle this year, there could be some huge discounts available as well as some great deals on car finance.
Industry experts have said that at the moment Australian buyers may be able to get an average of ten thousand dollars off a 2008 vehicle, with some dealers looking to get rid of 2008 stock and reducing prices dramatically in order to do this. Compared to buying a new 2009 car this could make a different of thousands of dollars, which can go a long way in the current economic climate.
Furthermore, as well as cutting prices by up to twenty percent in some cases, many dealers will be offering some great finance deals such as 0% finance on 2008 cars, which means that buyers will not have to face expensive borrowing costs in order to get a newer vehicle. However, would-be buyers are warned that the deals could dry up as early as next month once the stock has been cleared.
One official said: “The deals and the prices that are around now will not be seen again. Once the car industry has cleared the excess stock that it has at the moment and supply starts to match demand the deals will disappear and prices will go up substantially because of the weaker Australian dollar.”