What Is The Current Situation on Buying a New Car?

Currently looking for a new car and have been hearing things like no discount, paying higher than RRP, and months of wait for a new car.

Just wondering did anyone purchased a new car recently and experienced any of this? What car did you get? Level of discount? Wait time?

Thanks.

Comments

  • +2 votes

    I have the same question. How much discount can you get on new cars these days?

    • +1 vote

      Zero

      •  

        I used a new car broker back in mid January and had an offer for a new Kia with about 11% discount of RRP for end of March delivery. Unfortunately I didn't take the offer. Has the situation got worse now?

    •  

      Try free servicing for the fist 3 years if you cannot get a discount. Try also for free car mats? Anything else you want try to get it for free. Worth a try.

      •  

        Dealers don't like handing out free servicing because that actually costs them money.

      •  

        3 years sounds absurdly long, at dealer prices that's probably more than a hefty discount.

        •  

          Corolla fixed prices vary from $140 to $175 /year… Worth a try.

  • +4 votes

    What car did you get? Level of discount? Wait time?

    How about you start by saying what you're considering? At least get some relevant data

  •  

    I put down a deposit for a new car today. Most models/colours are not in stock with a minimum 3-6 months wait. Toyota Rav4 Hybrid has a 12 month wait (luckily I wasn't in the market for this model). I compromised and decided to go for a model that they are receiving end of this month. And you are right about receiving limited/no discounts. In the current supply and demand equation, demand has overtaken supply. Generally, most dealerships used to provide discounts because they had a sizeable stock on hand to clear or the car manufacturer would provide some reimbursement to the dealership to seal the deal. With that out of the window, they are totally inflexible when it comes to negotiations. Why will they negotiate with you on the price when they know they can sell it at a price they want to the next customer in the queue? After spending close to 4 hours, I managed to get a 9% discount on the price they were quoting.

    • +2 votes

      Fyi RAV4 hybrid is 4-6 months…

      Someone predicted badly!

      •  

        Thanks, @spackbace! The 12 month wait for the Rav4 is what I got told by the sales agent at the dealership.

        On a different note (if I may), the car we put down the deposit for comes with a tyre repair kit (and not a spare wheel). Is that sufficient to get over the line or should I consider buying a spare wheel and keeping it in the boot? The lack of a spare wheel worries me slightly.

        •  

          When was the last time you had a flat?
          Do you travel regional areas often?

          The lack of a spare wheel worries me slightly.

          Then just get a full sized spare if there is provision for one. Not worth worrying about it.

          •  

            @MS Paint: Thanks, MS Paint. No i don't travel to regional areas often. That said, if I decide to travel interstate in the new car and end up in a situation where I get a punctured tyre, not sure how long I'll be able to continue. I guess the question i am asking is whether I still need to take the car to a tyre repair shop after using the repair kit. Is the repair kit just to get me going to the nearest tyre repair store or is that the actual remedy?

            • +2 votes

              @upended: Tyre repair kits are no good for sidewall damage.

              If you apply the sealant to repair a puncture the tyre will most likely need to be replaced at your earliest convenience.

    • -1 vote

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  • +7 votes

    Search ozbargain automotive forums. Dozens upon dozens of recent posts that will answer your question.

    I'm not going to link them because if you're too lazy to search then I'm to lazy to link.

  • +1 vote

    Lots of people have purchased a new car recently. Lots of the same question answered time and again.

    It all depends on what you are buying. If the car is in high demand, with a wait list, you won’t get much discount. If the car has been sitting on the lot for a month or more you may get a good discount.

    Choose your poison. New popular car at RRP, new weird car at discount.

  •  

    Got a "performance" SUV last month. 10% discount, car was in stock and drove it away in 3 days from order.

    • +2 votes

      That tells me your car is not in demand

    •  

      Stelvio QV?

      • +2 votes

        Lambo Urus

    •  

      Jeep Cherokee SRT?
      RR Sport SVR?

      Just tell us the model. Why are so many users on here scared to give details? It's not like we can hunt you down now that we know your car make and model.

      •  

        GLA45S.

        • +1 vote

          I thought people were getting 30% off those.

        •  

          That's a real AMG isn't it?
          Don't be ashamed of that.

          •  

            @MS Paint: I'm not ashamed, far from it. Yeah a real AMG, I came from a previous generation A45. Probably not an in demand model though.

      • +1 vote

        So they don't get SA comments like your Jeep Cherokee guess, obviously never owned or driven one.

        •  

          I assumed a jeep because they were to ashamed to mention it

        •  

          obviously never owned or driven one

          I would own either of those cars to be honest. Both have the sweetest V8 notes but not quite AMG 63 level which is in my top few.

  •  

    Supposed to be picking up a RAV4 Hybrid later this month (expected delivery 14th), Didn't get much discount, was 51K (Hybrid Cruiser with tow bar, bonnet protector, windshields and dash cam). Ordered early Feb. Didn't mind paying full price as the current car is now 16 years old plus we are expecting bad inflation over the next few years so new car prices will probably just keep going up.

    • +1 vote

      RAV4's are $50k? Wow.. shows how long since I've looked at cars.

      •  

        The base models are a bit cheaper but we wanted the AWD Cruiser Hybrid. :)
        The last RAV we bought was back in 2005 which was also an AWD cruiser model (but not hybrid obviously) was about 35K

        So that's about a 50% increase in 15 years or thereabouts. So is that how much the AUD has depreciated in that time?

        •  

          I think its just the Japanese SUV market was dated and old, Nissan/Suburu/Toyota finally refreshed there cars and put a premium on them.
          prime example: Nissan bragging Ariya is futurist because it has a LCD cluster, a car that comes out in Aus in 2022…

        •  

          2005 which was also an AWD cruiser model (but not hybrid obviously) was about 35K

          Damn.. I must've got ripped off back then - I bought one in 2003 for $39K!

          Did you keep yours for long? There was a known design problem with that particular model where some part of the computer would fail at about 100,000-120,000km and the symptoms appeared to be transmission-related. I was pretty pissed that Toyota Australia refused to do anything about it even though it seemed to be covered overseas. It's left a bitter taste in my mouth ever since (no, i didn't try to eat it!).

          • +1 vote

            @bobbified: Nah we sold it after 3 years cos we needed the money at the time. Has ZERO problems with it though.

            •  

              @EightImmortals:

              Has ZERO problems with it though.

              I had absolutely no problems for the first few years too. Until that ECU issue. I bought a brand new ECU from Toyota for $1,400 and replaced the old one. There wasn't another issue again after that for years.

              •  

                @bobbified: Bugger. Hopefully there wont be any issues. There's a Toyota tech on youtube ( The Car Care Nut ) who talks about some of the tech involved these days, it's all pretty Starship Enterprise stuff. There was another guy who strips down the transaxle/CVT and explains how it works too if you're interested.

                https://www.youtube.com/watch?v=O61WihMRdjM

      • +2 votes

        They've come a bloody long way in that time too. I've driven the previous model RAV and hated it… yet there's an AWD Rav 4 Hybrid Cruiser sitting in my driveway that my partner bought on my recommendation. And even more shockingly, I like driving it.

        There's definitely been a creep to car prices though. My partner originally had her eye on a Mazda 3, but for leather, LED headlights and the 2.5l engine, the top of the range model was $42k. Top of the range CX-5 with the turbo engine is nearly $56k. The top of the range Hyundai Tuscon is $52k too. Suddenly a RAV4 Cruiser - with its far more fuel efficient hybrid engine - for $50k doesn't sound so bad.

  •  

    We have a 5 year old Suzuki Swift we paid $16K for new, now they want $22.5 for a new one. They have a lot more tech in them now but $6.5k more.

  •  

    Got a new mazda suv, had to wait 5-6 weeks for it, got free floor mats, car colour upgrade, and car seat covers with a 6% discount off total price.

  •  

    When do people think the market will start to return to normal? I'm struggling to understand why the market is like this in the first place when covid basically doesn't exist in Australia anymore.

    •  

      https://www.ozbargain.com.au/comment/10302595/redir

      As an example

      Australia doesn't produce cars, why would covid in Australia ever be an excuse for the lack of supply?!

      Once new car supply ramps back up, market will return to normal. Probably next year sometime at this rate

    •  

      Maybe there's more going on than what you are being told?

  •  

    Mazdas can prob get away with 10% on common models. Cx3 cx5 etc. Someone from work managed to knock 4k off a 45k rrp car.