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Sunraysia Daily Saturday, January 31, 2015
Good time to buy a new car
RIGHT now is a good time to buy
a car, indeed a great time to buy
just about anything. There are
stunning deals on new cars and
SUVs everywhere at the moment.
The three local makers have
hundreds of cars stored in
carparks and paddocks. The
importers are also in a difficult
situation because they are
under huge pressure from head
office to sell. Global sales are
still sluggish as other countries
slowly move away from the worst
days of the GFC, so the bosses in
head office want a slice of the pie
in the strong Australian market.
The biggest problem with
buying a new car right now is
that it s going to have a 2014
build date, so is last year s model
and loses a significant amount of
its resale value.
By the way, some desperates
are still holding cars with 2013
build plates and most be getting
extremely worried. Make a silly
offer and you might just score
the deal of a lifetime.
The fall in the value of the
Australian dollar makes it likely
we will see prices increase to
match before too long. Free
trade agreements with Japan will
cancel out some of the rises if
cars come from that country.
The buyer is king at the
moment and if they refuse to
buy because of price rises the
importers may have to absorb
some of the cost. No promises
on that one, though.
What will the car market be
like in 2015? No-one knows,
petrol might cost 99.9 cents
per litre, meaning that large
cars could rushing out of the
showrooms again. Or petrol
might be 159.9 cents and small
cars will be the ones doing the
There are a couple of things
do right now. Firstly try doing
nothing, and waiting for the 2015
built cars to come on stream.
They may be almost as cheap as
the current stock of 2014 cars - or
they may not. Your call.
Secondly, get in very fast for
a real bargain, insisting not
only on a low price for the car,
but also for a good deal on
accessories, or other aftermarket
items at a significant discount,
possibly even for free.
The free accessories are real
price savers because the car
maker is giving away items at
wholesale prices but you are
saving retail money, which is
likely to be significantly more.
In the past car makers have
been reluctant to do driveaway-
no-more-to-pay deals, because
when they do it can be hard to
get away from that mindset.
However, there are some
excellent driveaway deals on a
more and more cars these days.
Don t just look at the price of
cars, interest rates are very low.
Finance companies are become
increasingly more positive in
their outlook. Finance companies
have to lend money because
that s their major source of profit.
If you have an excellent credit
rating they may well be knocking
on your door trying to push a
good deal at an even better than
advertised interest rate.
So sit down, have a good
think, talk it over with your
partner, friends, as many sensible
people as you can think of.
Then, and only then is it time to
lay out your hard-earned on an
expensive set of new wheels.
The fall in the value of the Australian dollar makes it likely
we will see prices increase to match before too long.
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Phone 5021 1712 - Fax 5023 7759
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