Browse over 9,000 car reviews

Sorry, there are no cars that match your search

Best time to buy a car

There's no better time than to buy a car now with new-car companies slashing prices and boosting value for money.

The words come from almost everyone, from the heads of car companies to the local pump jockey.

And they are?

"There has never been a better time to buy a car."

We've had all sorts of proof since the end of last year, as new-car companies have slashed prices and boosted value, as used car dealers have battled to clear stocks, and as auction houses have slammed the gavel on some incredible bargains.

We have proof again this week on two fronts - the $26,990 starting price of the updated Skoda Octavia range and the auction results for a range of luxury and performance cars. Turn the pages of this Carsguide and you will see what I mean.

Even so, Roy Morgan Research says the number of Australians planning to buy a new car in the next year is well below the number at the same time a year ago.

The exact figures, says Norman Morris, is a 14 per cent drop from the same period in 2008.

"This decline is consistent with the drop in Roy Morgan Consumer Confidence rating which has spent the first two months of 2009 well below the corresponding monthly figures recorded in 2008, suggesting no short term sign of a recovery in new car sales volume," he says.

If the showroom results continue to reflect this drop, the number of new cars registered this year will fall from just on one million to around 870,000.

That's the bad news but, provided you have some extra cash from the cut in mortgage rates and have no real fear about your job, there are some incredible bargains.

And, to quote the dozens of people who have said it to be, there has never been ...

Follow Paul Gover on Twitter!