While Black Friday usually makes you think of cheaper clothes and discounted tech like TVs, it's also made its way to big-ticket items like cars. That’s right, there are several big car dealerships spruiking deals.
We’re approaching the end of the calendar year, which means it’s one of the best times to buy a car, as dealers are clearing stock for the next batch of models. You have to be careful, though, as some manufacturers may just be selling demo, runout or plate clearance models under the guise of a Black Friday sale without any real savings.
That’s where Savvy can help. As one of the largest car loan brokers in Australia, we’ve got a pretty good idea of what a great deal is.
Savvy exclusive Black Friday car deals
We’re known as a car loan broker, but did you know we can help you find your vehicle, too?
If you’re in the market for a new BYD or Mercedes-Benz, we can save you money on your purchase and net you a smaller loan in the process.
BYD deals
BYD is offering $3,000 cashback on the Shark 6, Seal, Sealion 6, Sealion 7 and Atto 3. That knocks the Atto 3 down to $36,990, which is the cheapest of the bunch. To get your cashback apply for your car loan through Savvy, let us know which car you're after and once you've purchased it, we'll let you know the forms you need to get your $3,000.
The Shark 6 has become one of the most popular dual cab utes on the market. It isn’t just making its mark in the ute space, though; it’s now the best-selling plug-in hybrid electric vehicle (PHEV) in Australia.
| BYD Model | RRP from | Sale price from |
|---|---|---|
| Atto 3 | $39,990 | $36,990 |
| Seal | $39,990 | $36,990 |
| Sealion 6 | $42,990 | $39,990 |
| Sealion 7 | $54,990 | $39,990 |
| Shark 6 | $57,900 | $54,900 |
Mercedes-Benz deals
The biggest savings on a new Mercedes-Benz lie with the EQ-Class range. You can score 6% off a new EQ-Class model, meaning you can save $4,842 to $9,037 and take its base model’s starting price down to $75,858.
| EQ-Class models | RRP from | Sale price from |
|---|---|---|
| EQA250+ | $85,800 | $80,652 |
| EQA250+ City Edition | $80,700 | $75,858 |
| EQA250+ Night Edition | $85,800 | $80,652 |
| EQA350 4Matic | $102,900 | $96,726 |
| EQC400 4Matic | $126,675 | $119,075 |
| EQC400 4Matic Sport | $144,275 | $135,619 |
| EQC400 4Matic Electric Art Line | $150,622 | $141,585 |
On top of the 6% discount, there’s also a one-year Chargefox subscription included to save on charging your EV. Any purchase of the EQA 250+ City Edition will also include three years of servicing.
The good news doesn’t end there, either. Electric vehicles come with finance rate discounts and big novated lease savings.
The rest of the Benz catalogue comes with a 4% discount on new vehicles. That means you can get behind the wheel of a brand new Mercedes for as little as $55,200 (plus driveaway costs). Whether your business needs some luxury EVs or Sprinter vans, you can take advantage of some very handy savings through Savvy Benefits.
Just when you thought it couldn’t get any better, though, both the BYD and Mercedes-Benz offerings are available beyond the Black Friday period. Savvy will have these two deals available until the end of 2025. *Offer valid only if you apply for your car loan or novated lease with Savvy directly.
What other car makes are on sale?
While not exclusively through Savvy, there are other car makers pushing Black Friday discounts.
One of them going big is Isuzu. The Japanese manufacturer has driveaway specials on a range of MU-X and D-Max models. The driveway discounts range from $5,403 to $7,295 on the SUV and from $5,000 to $8,427 on their utes.
Just be wary that the Isuzu sale is only running until Sunday, so you’re best to submit a car loan enquiry or novated lease form ASAP. That way, you’ll be able to find out your pre-approval limit and shop with confidence.
If you leave it until Saturday or Sunday to contact a broker or bank, you might not hear back until Monday, at which point the sale will have either ended or you’ll have put your signature down on a contract you may not be able to afford.
Chery are offering $2,000 off select C5, Tiggo 4, Tiggo 7 and Tiggo 8 models. Chery's sale is valid through to the end of December.
Mazda has been advertising a Black Friday campaign, which has turned out to be a demo clearance. The tricky thing with the demo clearance is that prices and stock levels will vary between each local dealership.
Black Friday car sales to be cautious of
There are plenty of car dealerships offering finance this weekend. While a rate starting from 1.99% p.a. might look like the deal of a lifetime, the devil is in the details. Many of these have maximum terms of 48 and 36 months, plus some have deposit requirements up to 35% or mandatory balloon payments.
If you’re looking at a $50,000 vehicle, that means you could be staring down the barrel of payments worth more than $490 per week or $2,125 per month.
Any car loan provider in Australia has to abide by responsible lending laws, meaning it has to take into account all your expenses, including your rent or mortgage, to assess your loan serviceability.
So, unless you’re either rich enough to be mortgage-free or are earning a significant six-figure salary, you’re unlikely to be approved for that ‘low 1.99% p.a. rate’. The problem is, if you don’t pick up on that and start the finance process, it’ll leave a mark on your credit history.
At that point, the dealership already has you on the hook with an enquiry on your credit file. You’ll then receive a revised finance offer, which is likely a standard five-year car loan, but your rate will now potentially sit at or above 10.00% p.a., rather than the 1.99% p.a. rate you were initially swayed by.
Again, while you’re free to walk away, the threat of a whack to your credit file hanging over you sometimes sees people sign up to the lesser deal out of fear. The benefit of a car loan broker is that we’re able to provide a free quote and only do a soft credit check.
Not all banks or car lenders are the same, either. For instance, some will provide cheaper rates to homeowners, even if they don’t have a perfect credit history. By getting your profile in front of as many lending partners as possible, your broker will be able to maximise your chances of securing the best car loan rate available for your situation.
Just be wary that if you’re also doing some retail therapy on Black Friday with BNPL, it can have a significant impact on a car loan application. Even if it isn’t a new car you’re after, Savvy is here to help you save money. See how you could be missing out on $2,344 in savings on energy and insurance.