End of Financial Year (EOFY) car sales are a significant event in Australia, offering some of the best discounts on new and used car deals. For Australian workers, especially those considering an Electric Vehicle (EV), a Plug-in Hybrid Electric Vehicle (PHEV), or a 4x4, EOFY sales present an excellent opportunity to secure a great deal.
In this guide, we’ll explore why EOFY sales are crucial, the best vehicles to consider right now, and why it’s the perfect time to consider getting a new or used car through novated leasing.
Why End of Financial Year Sales are Important
EOFY in Australia marks the time when businesses close their financial books for the year. For car dealerships, this period is critical for clearing stock and meeting annual sales targets. As a result, dealerships are highly motivated to offer significant discounts and incentives to boost sales.
For consumers, this means accessing some of the best deals of the year. The financial benefits of purchasing a car during EOFY sales include lower prices, attractive financing options, and additional bonuses such as free servicing or accessories.
Moreover, for businesses and individuals, purchasing before the EOFY can also offer tax benefits, as the investment can impact their end-of-year financial position positively.
Top EOFY Car Sales to Look Out For in 2024
Here are some of the best car deals expected in the 2024 EOFY sales, sorted by some of the most popular categories right now.
Top EOFY EV Sales
Tesla Model 3: The Tesla Model 3 is renowned for its sleek design, impressive range, and cutting-edge technology. As one of the most popular electric vehicles globally, the Model 3 offers an outstanding driving experience with rapid acceleration and minimal emissions. During the EOFY sales, buyers can expect significant discounts and attractive financing options, making it an excellent time to consider this high-performance EV.
BYD Atto 3: The BYD Atto 3 is quickly emerging as a formidable player in the EV market. Combining style, technology, and efficiency, the Atto 3 offers a spacious interior, innovative features, and competitive range. It is an ideal choice for eco-minded drivers looking for a sustainable yet high-quality vehicle. Look out for special offers and rebates on the BYD Atto 3 during the EOFY sales.
MG4: The MG MG4 EV is a compact electric vehicle that packs a punch with its advanced technology and efficient performance. Known for its affordability and reliability, the MG4 EV provides an accessible entry into the electric vehicle market. During the EOFY sales, potential buyers can take advantage of price reductions and bonus incentives, making it a great option for those seeking a cost-effective EV.
Top EOFY PHEV Sales
Mitsubishi Outlander PHEV: The Mitsubishi Outlander PHEV combines the benefits of a plug-in hybrid with the versatility of an SUV. With its spacious interior, advanced safety features, and impressive electric-only range, the Outlander PHEV is perfect for families and adventurers alike. The EOFY sales are expected to bring attractive deals on this popular PHEV, making it an excellent time to make a purchase.
Mazda CX60 PHEV: The Mazda CX60 PHEV is a stylish and efficient plug-in hybrid that offers a blend of performance and luxury. With its sleek design, premium interior, and advanced technology, the CX60 PHEV is designed to provide a superior driving experience. Look for substantial savings and promotional deals on this model during the EOFY sales, making it a compelling option for those seeking a high-quality PHEV.
MG HS Plus: The MG HS Plus PHEV offers a perfect combination of power, efficiency, and comfort. With its advanced hybrid technology, spacious interior, and modern features, the HS Plus PHEV is an excellent choice for eco-conscious drivers. The EOFY sales are expected to feature significant discounts on this model, making it an ideal time to invest in this versatile vehicle.
Top EOFY 4x4 Sales
Ford Ranger: The Ford Ranger is a top-performing ute known for its rugged build and impressive capabilities. With a powerful engine, high towing capacity, and advanced off-road features, the Ranger is perfect for both work and recreation. During the EOFY sales, expect attractive deals on the Ford Ranger, making it a great opportunity to own one of the best utes in the market.
Toyota Hilux: The Toyota Hilux is a legendary ute renowned for its durability and reliability. With its robust construction, powerful performance, and advanced safety features, the Hilux is a favourite among tradespeople and adventurers. The EOFY sales will likely bring substantial savings on the Toyota Hilux, providing an excellent chance to purchase this iconic vehicle.
Isuzu D-Max: The Isuzu D-Max is another top-tier ute that offers exceptional performance and versatility. With its powerful engine, impressive towing capacity, and advanced safety technology, the D-Max is designed to handle tough jobs and off-road adventures with ease. Look for great deals on the Isuzu D-Max during the EOFY sales, making it an ideal time to invest in this reliable vehicle.
The Role of Novated Leasing in Maximising Savings
Novated leasing stands out amongst other car finance options such as a car loan in that it can significantly enhance the benefits of EOFY sales. A novated lease bundles all vehicle-related costs into a single payment, deducted from your pre-tax salary, providing potential tax savings and simplifying financial management.
Benefits of novated leasing during EOFY sales include:
Bundled costs: On road costs such as registration, insurance, maintenance, and fuel can all be included in your lease package, making it easier to manage your expenses.
Tax savings: By reducing your taxable income, novated leasing can provide substantial tax benefits on new vehicles.
Convenience: Easi handles all the administrative tasks, making car ownership hassle-free.
Why Easi’s EOFY Novated Leasing Deals are Worth Considering
Easi offers the best novated leasing deals on the market designed to save you money come tax time. With competitive rates, flexible terms, and exceptional customer service, Easi ensures you get the best possible deal on your new car.
Advantages of choosing Easi for novated leasing include:
Discount on the price of car purchases.
Greater flexibility of choice with a wide range of applicable vehicles
Unlike many car loans, no deposit is required
Options for selling or a trade-in are available
Looking for a New Car? Save Money this EOFY with a Novated Lease from Easi
EOFY car sales represent an excellent opportunity for Australian workers to secure a new or used car at a reduced cost. By understanding the significance of these sales, the potential savings, and the benefits of novated leasing, you can make an informed decision that suits your financial and personal needs.
Explore the benefits of novated leasing with Easi during the 2024 EOFY sales. Contact us to learn more about our EOFY deals and how we can help you drive away in your dream car at an unbeatable price. You can also try out our novated lease calculator to see how much you can save.
Let Easi simplify your car ownership experience and provide you with a cost-effective, convenient solution for your vehicle needs.
