It is now the end of the financial year which is typically the best time of the year to buy a new car as car dealerships are eager to clear their stock thus providing large discounts. A tax break of 50% for new cars purchased by the end of 2009 applies to eligible small businesses and 30% for large businesses. The large discounts provided by car dealerships together with the increase in the investment allowance that was delivered at the May federal budget shows there really has never been a better time to buy a new car.