Last week, the Federal Chamber of Automotive Industries (FCAI) reported 28 consecutive months of new car sales declines.

But today Gumtree revealed that from April through June, there was a 19% uptick in automotive searches compared to January through March, amounting to 155 million.

Makes and models to experience the highest growth include the Isuzu ute (up 87%), and Hyundai (up 70%). 

Toyota, however, still dominated the listings, with 125,825 models listed in the past six months.

In the market for a new car? The table below features car loans with some of the lowest variable and fixed interest rates on the market.

Lender

VariableNew1 yearMore details
  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.

New Car Loan - Home Owner Special

  • Available for purchasing new and demo vehicles
  • $5,000 to $150,000 loan amount
  • Redraw facility available up to $5000/day
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
FixedNew99 yearsMore details
Loan amounts from $2k to $75k
  • Available for any new motorised vehicle
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
  • Get quick decision. Funds in 24 hrs if approved
Loan amounts from $2k to $75k

New Car Loan

  • Available for any new motorised vehicle
  • No ongoing or early exit fees
  • 1-7 years loan terms. Pay monthly, fortnightly, or weekly
  • Get quick decision. Funds in 24 hrs if approved
FixedNew1 yearMore details
Approval within 24 hoursEarly payout available
  • Required: Good credit history, stable employment history. Aus citizenship or PR.
Approval within 24 hoursEarly payout available

New Car Loan - Special (Fixed)

  • Required: Good credit history, stable employment history. Aus citizenship or PR.
FixedNew2 yearsMore details

New Vehicle Fast Loan Low Rate

    Important Information and Comparison Rate Warning

    All products with a link to a product provider’s website have a commercial marketing relationship between us and these providers. These products may appear prominently and first within the search tables regardless of their attributes and may include products marked as promoted, featured or sponsored. The link to a product provider’s website will allow you to get more information or apply for the product. By de-selecting “Show online partners only” additional non-commercialised products may be displayed and re-sorted at the top of the table. For more information on how we’ve selected these “Sponsored”, “Featured” and “Promoted” products, the products we compare, how we make money, and other important information about our service, please click here.

    The comparison rates in this table are based on a loan of $30,000 and a term of 5 years unless indicated otherwise. The comparison rates for car loans and secured personal loans for the relevant amounts and terms are for secured loans unless indicated otherwise. The comparison rates for unsecured personal loans are applicable for unsecured loans only. WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. Comparison rates are not calculated for revolving credit products.

    Monthly repayment figures are estimates only, exclude fees and are based on the advertised rate for the term and for the loan amount entered. Actual repayments will depend on your individual circumstances and interest rate changes. Rates correct as of February 29, 2024. View disclaimer.

    Site-wide, Gumtree has more than 95,000 automotive listings on its site, with 32,000 new listings each week.

    Gumtree's head of motors Richard Dicello said the intention to purchase used vehicles is still high.

    "Despite the disruption, 87% of Gumtree Cars users are still intending to purchase their next vehicle within the next three months," he said.

    Premium vehicles are also experiencing an uptick in searches, with Lexus up 54%, Mercedes-Benz up 32%, Audi up 31%, Land Rover up 30%, and BMW up 25%. 

    How to sell a used car

    Founder and director of SASS Financial Services Canna Campbell outlined a few tips to get the most 'bang for buck' out of selling a used car.

    1. Research the sale price of similar items already listed – even add them to your Watchlist so that you can keep an eye out for how quickly they sell.
    1. Consider listing as “negotiable” if you want to move an item slightly quicker, but ensure you’ve used [Gumtree's] Instant Car Valuation tool first, so you know if you’re under or overselling.
    1. Details – list as much as you can about the item, especially with extra details and add-ons such as extended warranty, cruise control, sunroof, as this helps give the buyer all the information to help make their decision, without the need to keep asking! Little details like when you purchased it, service history and why you are selling also help to tell that story. 
    1. Photos – upload as many photos as possible to show the details and quality of your item. 
    1. If you’re lucky enough to have a second car sitting in your garage or you’re realising that you don’t need your car and can go without for the time being, find out its value so that you can then decide if it’s worth selling.
    1. Use your proceeds wisely – selling can help bring in some extra cash, so make sure that you have a goal in mind so that the money goes proactively to good use. 




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