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Three tax tricks to save thousands of dollars on a car this year: ‘Good time’

17 May, 2025 | 
Pureprofile 

Originally published: Yahoo! Finance, 17 May 2025

It’s that time again. June 30 is just around the corner and with it — tax time.

Despite cost-of-living pressures, it’s clear that Australians’ thirst to buy a new vehicle hasn’t lost much traction.

In fact, according to data from Compare the Market, more than one-in-10 (11.8 per cent) want to buy one this year and the majority (55.6 per cent) are pondering on buying a new car in the next few years.

With tax time approaching and big offers from car brands, it’s a good time to consider buying a new car. Here are a few money-saving tips for getting into new wheels.

Compare the Market commissioned Pureprofile to survey a nationally representative sample of 1,009 Australians in April 2025.

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