An impressive 1,237,287 new vehicles were sold in Australia in 2024, a 1.7% increase over 2023’s 1.2 million sales. At the same time, the used car sales during this period were 2,324,805 in 2024, up from 2,074,535 in 2023. So, clearly, we love our used cars. But among the many concerns when finding your next car, new or used, it’s always more satisfying when you get an amazing deal. Well, the EOFY period is the best time of the year for exactly that.
As the End of the Financial Year (EOFY) approaches, dealerships and private sellers are eager to clear stock, meet sales targets, and attract budget-savvy Aussies. It’s a prime opportunity to score serious deals and discounts. Here are five solid reasons why EOFY could be your best chance to grab a great deal on a car:
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Big discounts and sweet deals everywhere
EOFY is when dealerships and car sellers are most eager to meet their annual sales targets, which means YOU get the advantage. Expect significant markdowns on both new and used cars, and bonus incentives like:
- Free on-road costs
- Optional extras like alloy wheels or tech upgrades
- Extended warranties on select models
- Value-add packages at discounted prices
In the case of buying a new car, you might also come across runout or plate clearance deals on the previous model year (think MY24 stock), which can bring down the price even further without compromising on features. If you’re not fussed about owning the absolute latest model, this can mean big savings.
Also, don’t forget demonstrator models. These low-kilometre cars used for test drives are often sold at steep discounts, making them a smart middle ground between new and used.
At CARS24, we also see this as a prime time to offer value-packed deals across a wide range of used vehicles, whether buying your first car or trading in your old ride, all from the comfort of your couch.
It’s important to stay focused when car shopping through EOFY deals. While jumping on a discounted car is tempting, make sure it suits your needs. Don’t get distracted by the bells and whistles if the vehicle isn’t the right fit or resist spending the extra cash for the bigger car on discount as it can be an avoidable financial strain in the long run. Also, do your research before walking into a showroom or browsing online. Knowing what you want and what it should cost puts you in a stronger negotiating position!
Your trade-in could be worth more than you think
The current surge in demand for used cars in Australia and the strong trade-in values that come with it are largely driven by local factors, such as past import delays and a broader shift away from public transport.
Before getting a quote, take a few simple steps to ensure you get a fair deal. Start by using the free online valuation calculator by CARS24 to get a fair price. Then:
- Understand the difference between your car’s build year and model year
- Fix minor issues that might affect its appraisal (a good detailing job can earn you a few extra hundred bucks easy)
- Compare any trade-in offer with your own research
If our offer meets your expectations, you can sell to CARS24—no intermediaries and no unnecessary steps.
Competitive finance rates
Yes, interest rates are slowly creeping up—but in the big picture, they’re still relatively low. That means vehicle finance remains an attractive option for many buyers. Many EOFY deals are time-sensitive, and pairing them with stable finance options can help you maximise your budget.
Most car loans, especially when arranged through reliable platforms, offer fixed interest rates. So once you sign, your repayment amounts stay the same throughout the loan term—no surprises, no sudden hikes. You can even find fast and easy vehicle financing options when buying with CARS24!
If you’re exploring finance, use our car loan calculator to get a clearer picture of what your monthly repayments might look like.
Tax perks if you use the car for work
If you’re a business owner or use your car for business, there may be tax benefits to buying a vehicle before EOFY.
Under current tax rules, eligible businesses can claim an instant asset write-off for work-related vehicles. Depending on the car and its specs (like towing capacity or seating capacity), you might be able to write off part or even the full cost, up to a certain limit.
Before locking anything in, speak to your accountant to see what applies to your situation. Tax laws and thresholds change often, so it’s worth confirming the latest eligibility criteria.
You don’t have to do it all yourself
The EOFY period can feel overwhelming, with limited-time deals, trade-in options, and finance to consider. But you don’t need to figure it all out on your own.
CARS24 simplifies the process by offering a wide selection of quality used cars, free online used car valuation for trade-ins, and end-to-end support—from financing to doorstep delivery. You can browse, finance, and sell your current vehicle without setting foot in a dealership. There’s also the benefit of a 7-day warranty with a 100% moneyback guarantee, and a three month warranty as standard. You can even avail our special services like extended warranty, useful accessories and handy ways to preserve the value of your car.
No complicated or missing paperwork, and no haggling—just a smoother way to upgrade your ride before the financial year ends.
Bonus tip: Thinking EV or Hybrid? Now might be the time
With fuel prices climbing, many Australians are considering a switch to electric or hybrid vehicles. EOFY deals on EVs are increasingly common, making this a great time to make the leap without paying full price.
Whether you’re looking for a zippy city EV or a plug-in hybrid SUV, CARS24’s expanding inventory gives you more choice and more value.
Be ready to make the move
EOFY isn’t just a buzzword — it’s a real opportunity to save big, especially in Australia’s competitive car market. Whether it’s slashed prices, smarter finance, or a top-dollar trade-in, there are plenty of reasons why now might be the right time to upgrade.
Check out the latest deals on CARS24, and complete your car-buying journey today, from the comfort of your home.
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