The best new car End of Financial Year deals

Long suffering new car buyers now have the upper hand as some car makers are forced to slash prices before the end of the financial year. See which brands have the best deals.

Buyers can now get deals on certain new cars this end of financial year. Picture: Jake Nowakowski

Car buyers crippled by high costs can finally bag a bargain with the return of traditional end-of-financial year deals for the first time since the Covid pandemic.

Some dealers are discounting new cars by as much as $6000, while others are offering cheeky deals to those who trade-in a rival brand.

While Toyota and Volkswagen are still struggling with stock levels, others such as Jeep, and Chinese-manufacturers Great Wall Motors and Haval are flush with fresh shipments of vehicles.

Jeep's dual-cab Gladiator Rubicon ute relishes the outdoors.

Jeep has slashed $6000 off its Grand Cherokee, Wrangler and Gladiator models, while Haval is offering discounts of between $1000 and $2000 on its Jolion small SUV. There are also sharp drive-away deals available for ABN holders.

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Mitsubishi is taking a quirky approach, offering Holden owners an extra $1000 on their trade-in, while Hyundai is giving buyers a $2500 “deposit contribution” if they finance a new Santa Fe SUV through them.

Skoda has had its biggest arrival of new cars since the middle of 2021, indicating that supply problems are starting to ease.

Jeep Grand Cherokee L has seven seats. Picture: Thomas Wielecki

Federal Chamber of Automotive Industries chief executive Tony Weber said international supply constraints and biosecurity issues at Australian ports were easing, which is helping to boost stock locally.

Car makers have struggled to source computer chips for vehicle electronics, while processing delays at Australian ports have also stopped the flow of new vehicles.

“While we’re not back to normal there are positive signs that the supply pressures that have hindered the industry for a number of years now are improving,” Mr Weber said.

Haval is cutting up to $2000 off the price of its Jolion small SUV. Picture: Mark Bean

“The deals reinforce the fact that the supply constraints in certain parts of the market have improved dramatically.”

James Whitbourn, from car brokerage firm CarHelper.com.au, said that while supply of leading brands continued to be problematic, cheaper and less sought after makers could get buyers into cars more quickly – and at a discount.

He said brands such as Kia are still quoting nine months for delivery, while Toyota delays are anywhere from 12 to 18 months.

But if you knew where to look you could still get a deal, he said.

Hyundai is assisting buyers with a $2500 deposit contribution when they finance a Santa Fe.

“I get emails from Jeep dealers that say they have all this stock and can do deals,” Mr Whitbourn said.

“Mazda has fairly good supply and is doing the CX-9 in run-out as orders have opened for its replacement the CX-90.”

Now is also the right time to buy a new ute before the Federal Government winds back the instant asset write-off scheme. Experts said the trick would be finding a vehicle that could be delivered before the June 30 cut-off date.

They said the key to jumping the queue was to find a cancelled order or compromise on colours and features.

Shivam Arora with his new GWM Cannon ute. Picture: Jake Nowakowski

Melbourne business owner Shivam Arora has bought a Great Wall Cannon ute and Haval Jolion hybrid.

“In terms of price point Haval is very competitive in the hybrid space and the extra money off is one of the major reasons I bought them,” Mr Arora said.

“You are looking at mid $40,000s for similar vehicles such as the Toyota Corolla Cross or even Camry hybrids.

“When buying for a business a $1000 off each adds up very quickly and the value is hard to ignore,” he said

“The availability is another thing and Haval is one of the brands that have some stock. I hear supply chains are improving but you could still be waiting 18-24 months for a Toyota.”

BEST NEW CAR DEALS

● Jeep Grand Cherokee, Wrangler and Gladiator - $6000 cashback

● Jeep Compass - $3000 cashback

● Haval Jolion and H6 - $1000-$2000 cashback

● MG ZST and HS - $2000 cashback

● Hyundai Santa Fe - $2500 deposit contribution

● Volkswagen Arteon - $5000 off drive-away price