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Looking for special offers this EOFY? Here are some other ways to save

Looking for special offers this EOFY? Here are some other ways to save

Stock clearance car sales might be few and far between this end of financial year (EOFY), but there are some special offers on finance that could help keep costs down.

Historically, the month of June has recorded strong new car sales figures as a result of buyers taking advantage of EOFY deals offered by dealerships nationwide.

However, with global supply chain issues for microprocessor units that began in 2020 expected to continue through to next year, many car dealerships don’t have excess stock to clear before the new financial year. Which means, of course, they have little incentive to offer special deals to mark this EOFY.

While it may be possible to find special offers on some new car makes and models, there is another way you can save money this EOFY – with special car finance offers.

Exclusive to RateCity, Credit Concierge is offering borrowers who apply for a new car loan and settle before June 30 the chance to win a $2500 fuel voucher or cashback towards the purchase of a vehicle.

Open to RateCity customers approved between 1 June and 30 June 2022, the prize could take the sting out of filling up the petrol tank while prices are high, or even make your new car more affordable.

With a competitive interest rate starting from 3.69 per cent (4.40 per cent comparison rate) and flexible repayment options, Credit Concierge’s new car loan could help you save on your mid-year car purchase in more ways than one.

Consider browsing RateCity’s car loan leaderboards for other competitive offers, including loans.com.au’s new prime special car loan, offering approved borrowers the chance to win a $1000 fuel voucher.

What other deals are available this EOFY?

If you’re a homeowner, chances are you’ll be looking for ways to save on your mortgage repayments – especially while interest rates are on the rise.

Fortunately, several home loan lenders are currently offering special deals for eligible borrowers.

Mortgage holders who apply to refinance an existing home loan from another financial institution to OneTwo Home Loans between 1 May and 30 June 2022, and settle on or before 31 August 2022, may be eligible to receive $5000 cashback.

Meanwhile, Tic:Toc launched a new rate match offer this month with which it will match the interest rate on identical principal and interest home loans. The offer is available to customers eligible for a Tic:Toc Live-in or Investment home loan purchasing or refinancing a property from another financial institution.

And if you’re wondering what’s on offer from other lenders, check out RateCity’s home loan leaderboard for top-rated products under a range of categories.

Full terms and conditions for these special offers are available on the respective lender’s website.

Before you choose a home loan product or decide to refinance, it’s important to do your calculations and ensure it’s the right choice for you.

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This article was reviewed by Personal Finance Editor Mark Bristow before it was published as part of RateCity's Fact Check process.

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