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June 30 – the best day of the year to buy a car

Today, June 30, the end of the financial year and perhaps the best day of the year for you to get the biggest discount on your new car. Several soft months in the car market has seen some strong deals this month but today is the day many dealers will do a very sharp deal to get your business – the last chance to boost their month’s figures and pick up importer and distributor bonuses on sales numbers. Drive-away pricing abound but there’s several traps for the unwary – if the deal seems too good it could be aged stock – it is important to check the build plate of the car your buying – not the compliance plate, that’s a different plate altogether. There’s still some 2016-build stock about – a 2016- build car will be exactly that when you eventually trade it in – so today that car has already depreciated by two years – two years depreciation on a $50,000 car could be around $10,000. I’m David Berthon

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