The end of financial year is a great time to buy or lease a new car. Car dealers are generally overstocked and eager to close additional sales before the end of tax season. This can lead to big price reductions and bonus incentives.
EOFY car sales are a great opportunity for consumers to buy a new car at a bargain price. With so many sales and deals on, customers can shop around and compare the best family cars on offer. By using some clever financing options, families can drive away with their favourite family car with even more reductions.
If you’re looking for a new family car this EOFY, these four models top the list for their affordability, efficiency and people-moving ability.
Nissan X-Trail ST
With a huge cabin space and a reclining seven-seater back seat, there’s plenty of room in the X-trail for the whole family. The X-trail comes with a 550-litre boot with removable floor, meaning you’ll never be short on space when packing for a family holiday.
All models of the X-trail range come with reversing camera and rear air vents, adding comfort and luxury to this family mover. Nissan’s capped-price servicing offer has excellent coverage as well at six years/120,000km and with yearly/10,000km intervals, giving you premium service support ahead of time.
Affordability: from $27,990
Like the X-trail, the Mazda CX-9 has plenty of boot space, as well as the possibility for seven seats. However, the CX-9’s final row seating is even bigger, making it a better choice for families with older kids and teenagers.
The CX-9 comes equipped with state-of-the-art safety technology such as auto emergency braking and is known for its comfortable and smooth handling. It also has one of the best petrol engines in its class (8.4-8.8L/100km), balancing fuel economy with power.
Affordability: from $42,490
Ford Mondeo Titanium Hatch
While the only non-SUV on the list, the Mondeo hatch carves a niche for itself as a family friendly people mover. It comes with a large 557 litre boot and plenty of interior space, but its real strength is its engine power.
The Mondeo’s 177kW 2.0-litre turbo petrol engine makes driving a fully-loaded car easy. It also has an excellent safety record, with the groups only rear seatbelt airbags. With a five-year warranty and lifetime fixed-price servicing, the Mondeo is a great family investment.
Affordability: from $44,790
Ford Escape Titanium FL
The fully loaded model of the Ford Escape is all about luxury. With a high-tech LCD interface and 10 speaker audio system, there are plenty of extras to make your family drive comfortable and fun. The escape also has a comfortable amount of interior space, with adjustable rear seats and a five-person capacity including children’s booster seats.
Features on the Escape include a reversing camera, blind spot monitors and adaptive cruise control. With an extended five-year warranty, it’s a great option for small and new families.
Affordability: from $52,900
How to Get the Best Deal
One of the reasons why EOFY sales are so popular is because businesses can offset the purchase of a car against their taxes. Depending on the circumstance of the business and the price of the vehicle, the entire amount can be claimed as an immediate deduction.
Other financial options such as novated car leases can also save money. As car payments can be made with pre-tax salary they can also reduce your taxable income and lower your costs. Tax deductions under a car lease are also available and can include running costs such as fuel and repairs as well as insurance and servicing.
Whether you’re taking advantage of the EOFY sales or negotiating a novated car lease, the end of financial year is the perfect time to grab a deal on your new family car. Which car will you pick for your family? Let us know in the comments below.
This piece was written by Daniel Defendi, who recommends Easifleet for auto finance advice. You can catch Daniel on Google+ to discuss this piece.