All the latest news, facts and tips from the team at Pioneer Credit Connect

May 17

End Of Financial Year Savings: Where To Find The Best Value

by Matthew Ikin
End Of Financial YearSavings

With the financial year coming to a close, dealerships and retailers are in the last sprint to drive business through their doors before June 30. At this time, businesses are looking to finish the year with strong revenue numbers; for you, this means great discounts and savings. Find out where to get the best savings below:


Car Dealerships

It is no secret that car dealerships provide discounts all year round; however, the most substantial savings come towards the end of financial year.  As the financial year winds to close, car dealerships are looking to make their target – which can mean slashing the prices on their stock to increase sales. In order to take advantage of these savings, start looking for cars now so when it comes the perfect time to buy, you know what you want and at what price. 

The key to getting these savings is being able to pay for the vehicle prior to June 30th. If you miss this opportunity, the prices of the vehicle may go up and be harder to negotiate. Also consider, that if you are planning to fund the vehicle with a car loan, then begin arranging this as soon as possible so that you do not miss out, it can take time to complete the financial application process.


Furniture and Appliances

Similar to car dealerships; furniture and appliance stores also focus on meeting yearly targets. At this time, stock is heavily discounted with some retailers provide discounts up to 50%. The best part? These discounted products are the same stock as the month prior, however at a fraction of the price. Keep in mind that if you are buying multiple products from one store, always ask for a further discount, especially towards the last weeks of the financial year. 


Housing Market

Although the property market does not operate on a financial year basis, there are still great opportunities to create value during this period. As the seasons transition from Autumn to Winter, houses sit on the market for longer as fewer home buyers are attending home opens or avoiding having to move whilst the weather is cold and wet. If you are in the market for a new home, now could be a great time to get the best price as sellers may be more flexible on price.

Keep in mind that although now is a great time to take advantage of substantial savings, if the timing isn’t right to make a purchase, don’t overextend yourself financially. The best option would be to wait until you are in the right financial position, then go and achieve your goal.