Plate clearance car sales are run by manufacturers and dealers to clear current model stock ahead of delivery of new models and can offer big savings for buyers. When planning to take advantage of these sale events, buyers should be ready to possibly compromise. The best discounts may be on models, variants, colours or with accessories that are not exactly what was hoped for. By making a small compromise, especially considering a demo vehicle, significant savings may be realised compared with buying the newer model release when available.
Remember, when savings are made on a vehicle purchased with finance, the savings realised on the purchase may also have a positive impact on the motor vehicle loan. We cover off on what offers are currently available, and how prospective buyers can be ready to capture these limited stock vehicles with the most affordable finance.
Current Plate Clearance Car Sales
Currently, many brands are clearing 2024 models (MY24) ahead of the arrival of the 2025 model range and offering varying discounts and deals. There may also be the opportunity to purchase a demo model. Demo is the industry term for a demonstrator vehicle. These vehicles are used to demonstrate and test drive for prospective buyers and may have 500-1,000 kms on the clock but are still considered new, are often optioned-up with accessories, and can represent great value. Mitsubishi is holding a sale with deals on the Triton, Pajero Sport Outlander and Eclipse Cross. Plus, extra deals for NBL Club members. Offers valid until March 31st.
Nissan is offering up to $8,000 cash back on selected Navara variants and up to $5,000 on selected Qashqai and X-Trail models. Other models are also heavily discounted. Check out all the details and if considering a small EV, see the deal on the Leaf.
Ford is offering a gift card (credit card) for between $2,000 and $8,000 as a deal on selected models including the MY 23 F-150, some Ranger models and MY24 Transit Van. VW has great priced deals on numerous MY24 models including free on road costs on selected Amarok models.
Honda is offering price reductions on selected SUV models, and Hyundai varying bonus offer on MY24 models. At Mazda, buyers will also find bonuses on MY24 models including the very popular CX5 and CX3.
All information is as currently sourced, and buyers should check with their local dealer and review the terms and conditions relating to individual offers. Offers may be available for a limited time and while stocks last.
Guide to Finance for Plate Clearance Car Sales
These types of sale events are on new vehicles so buyers requiring finance will typically be considering a Secured Car Loan for private buys and Lease, Chattel Mortgage or CHP for business buyers. New vehicles financed with secured loans attract the best available rates from lenders, compared with used vehicle finance. With the vehicle accepted as the loan collateral, lenders may approve higher loan amounts, allowing some buyers to borrow more of the purchase price, possibly with no deposit.
Where the deal includes a price discount and less finance is required, the lower borrowing limit, compared with paying the non-discounted price, may attract a better interest rate. Note that some deals are cash backs and free extras, not actual price cuts.
Some brands and dealers may be offering buyers a discount on finance. If considering dealer finance, we advise you to consider – is this the best loan deal I could achieve? Dealer finance is typically arranged through an arrangement with one credit provider. With our broker services, we have access to over 80 lenders to source the most competitive rates and best deals for customers.
Request a quote from us to compare with any other finance deals you may be offered. You may find our rates and offers are more competitive. Our online finance calculator can be used to work up quick estimates to compare, even when you are at the dealership.
The nature of these sale events means stock is limited. Buyers often need to be fast to secure their preferred model. Having finance pre-approved may assist. Knowing your loan is approved allows confidence to commit to a sale immediately and not miss out.
Loans can be applied for ahead of purchase and conditionally approved based on an estimated borrowing. The details are finalised and final approval obtained after details of the vehicle purchased are provided. Pre-approved loans are valid for a timeframe which we will advise. If not used, the offer simply expires.
Getting Fast Car Finance Approval
Whether seeking pre-approved or post-purchase finance, many applicants will receive approval within 24 hours and we’ll assist with settlement to expedite your new vehicle purchase. If in the market for a new vehicle this year, this may be an ideal time to make your purchase.
Contact Jade Car Loans 1300 000 003 to secure affordable finance to capitalise on the current plate clearance car sales.
DISCLAIMER: IN REGARD TO MISREPRESENTATIONS AND ERRORS CONTAINED IN THE MATERIAL AS PRESENTED, LIABILITY IS NOT ACCEPTED. THE DETAILS AND CONTENT IS PROVIDED FOR CAR BUYERS AND INDIVIDUALS AND BUSINESS SEEKING FINANCE PURELY AS GENERAL INFORMATION. THIS IS NOT PROVIDED AS THE ONLY SOURCE OF FINANCIAL INFORMATION. ANYONE THAT CONSIDERS THAT NEED FINANCIAL ADVICE ABOUT THEIR SPECIFIC REQUIREMENTS SHOULD SEEK THEIR OWN FINANCIAL ADVISOR.
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