Why Now is the Perfect Time to Sell your Car and Carshare Instead

18 Dec

Used car prices have fallen from their COVID highs, and prices are expected to continue to slide in 2024.

If your car spends more time collecting dust than hitting the road, it might be the perfect time to consider selling it. Over the past couple of years, we’ve seen prices for used cars in Australia soar due to COVID-19 related supply chain interruptions. Severe shortages of new cars meant demand for used cars sky-rocketed. And so did their price tags! In some cases, sellers were able to get more for a used car than they had paid for it new! But this is changing.

While at their peak used car prices were more than 50% up on their pre-COVID level, increased stock of new car stocks hitting Australian shores, have meant prices are have been steadily falling.

Moody’s Analytics reported a 9.5% decline in used car prices in 2023. And they expect to see a similar decline in 2024 too! On a $30k car, that’s $2,850 less in your pocket when you sell.

That means, if you have a car that you don’t use too much, you should sell it sooner rather than later to maximise the amount of money you get for it.

And if you’re worried about how you’ll get around without your car – no worries, GoGet can help! We have 3000 cars and vans located all throughout Sydney, Melbourne and Brisbane available by the hour or day.

It’s the Smart Way to Get Around

There’s no way around it – owning a car in Australia is expensive! While there are lots of obvious expenses like the purchase cost, fuel (have you seen fuel prices lately?!), and insurance, it’s easy to forget some of the less obvious ones. These include, depreciation, tyres, maintenance, rego, parking, cleaning and financing. And what’s worse, if you don’t use your car that often, you’re paying for it to sit idle most of the time. Why not ditch the expense and only pay for a car when you need one! And GoGet includes fuel too.

Freedom from Maintenance Worries

Owning a car often means dealing with maintenance headaches. Not to mention the time wasted in arranging annual servicing, insurance renewals, cleaning and maintenance and dealing with repairs when things go wrong. GoGet takes that burden off your shoulders, offering hassle-free driving without the stress of regular upkeep. Enjoy the ride; we'll take care of the rest with our specialist fleet ops team keeping our fleet going.

Flexible and Convenient

With GoGet Carshare, flexibility and convenience are at your fingertips. Need a car day or night? No worries – access our fleet 24/7, no need to stress about rental depot opening hours. Worried about plans changing? We've got you covered with free cancellation right up to the start of your booking. Only need a car for an hour? Perfect. Want to keep it longer? No problem, as long as no one else is lined up right after you, you can extend on the go for as little as 30 minutes at a time. Say goodbye to rigid schedules and hello to the freedom of mobility with GoGet!

A Car for Every Occasion

GoGet offers a range of vehicle types to suit your needs. Whether it’s quick trip to the shops in a small hatch, a cruise down the coast in a SUV, or to pick up a new sofa with a van, GoGet has the right vehicle for the job! That’s convenience tailored to your lifestyle.

Eco-Friendly Living

In a world increasingly focused on sustainability, every choice matters. By opting for GoGet, you actively contribute to reducing the number of idle cars on the road, playing a part in creating a greener and cleaner environment. Each GoGet we add to our network takes 10 privately owned cars off the road, a net reduction of 9 cars. That’s 9 fewer cars taking up parking and adding to traffic congestion in your city. So it’s not just great for your wallet, it’s great for the environment too.