The calculator works out what you actually spend on your car, comparing it to what else that money could have been used for. Founded Date 2012. When Nick Jungfer, 27, and his partner Maddie Rhodes, 26, made the move from Adelaide to Sydney in December 2019, their cost of living jumped dramatically and they knew they needed to find a way to save. The Car Next Door calculator reveals Aussies are spending significantly more on their cars than they thought, while many Australians aren’t sure how much they are spending on their car each year. “When we moved to Sydney we were looking at paying almost double the rent we were previously paying and we needed to find different ways that we could save money. Car Next Door investors. ... Financial … Aussie car-sharing platform Car Next Door has bagged $6.2 million in funding from South Korean auto manufacturer Hyundai, as it prepares for growth, and for a major shift in the transport … When Nick and Maddie moved to Sydney they ditched their two cars and saved $70,000. Picture: SuppliedSource:Supplied. We’re committed to supporting all the teams at Car Next Door to do the … Source: Supplied.Source:Supplied. Borrow your neighbour's for $5 p/hour or $25 p/day. The Next Door, Inc. Changing lives, building communities. It will enable 10,000 Australians to share their cars with neighbors, thereby removing the dependency on personal vehicle ownership and fundamentally. It's helped people like Campbell pay for his wedding, Alon to cover the costs of the family car … Picture: SuppliedSource:Supplied. Total amount raised across all funding rounds, Total number of current team members an organization has on Crunchbase, Total number of investment firms and individual investors, Descriptive keyword for an Organization (e.g. Contact Email members@carnextdoor.com.au. Legal Name Car Next Door Australia Pty. Suncorp invests $1.5 million in largest peer to peer car sharing platform, Car Next Door as part of a $10 million funding round - 27 November 2019 First5000 Car share start-up investment to help drive future … With the city preparing for an influx of commuters, some are looking at alternative ways of getting to work. Car Next Door's latest funding round in September 2019 was reported to be $6.2 m. In total, Car Next Door has raised $18.4 m. View Car Next Door (www.carnextdoor.com.au) location in New South Wales, Australia , revenue, industry and description. Currently there are more than 12,000 people joining the platform every month. Find out more about our policy and your choices, including how to opt-out. According to the Car Next Door calculator, the $70,679 they saved could also pay for a flat white coffee every day for the next 48 years or could pay for two Bachelor of Law degrees. Zhang's car isn't fitted with the $400-worth of technology that tracks … By turning their cars into shared cars with Car Next Door, Australians have earned over $40 million so far. Car Next Door is an online marketplace, providing a booking system and a range of in-vehicle technologies to make car-sharing safe and more. The couple realised they no longer needed their two cars in Sydney and would instead get around on public transport, cycling and walking. Car Next Door CEO and founder Will Davies says it’s been a real eye-opener on how much money Australians spend on owning and running a car. Picture: SuppliedSource:Supplied. The amount was based on a cost calculator by car sharing site Car Next Door that works out the average costs Australians are spending on their vehicles. More Aussies are signing up to Car Next Door. A few years ago she looked into Car Next Door and decided to hire out her own vehicle. Company profile page for Nextdoor.com Inc including stock price, company news, press releases, executives, board members, and contact information For Nick and Maddie, they discovered they were paying $3100 a year just for parking. After doing some calculations, they realised they had shelled out more than $70,000 in the four years Maddie had owned her car and the two Nick had owned during this time. “The amount of money spent on cars that are parked 95 per cent of the time is just mind-blowing,” he added. Car rentals start from just $5 an hour or $25 a day plus distance charges. Combined, their services set them back $2500 a year, insurance and registration each $1400 a year, tyres $1200 a year and a whopping $3100 a year was spent on parking. One shared car replaces the need for 10 cars to be produced, and half of a car’s carbon emissions are produced when it’s manufactured. After reading the book it dawned on … Car Next Door has an ambitious target of 10,000 vehicles on the platform by 2020. Freeing people and the planet from the 'one person, one car' mentality. Car Next Door has raised a total of $17.3M in funding over 9 rounds. Operating Status Active. Seed, Series A, Private Equity), Whether an Organization is for profit or non-profit, General contact email for the organization. RELATED: Couple’s trick to live three years rent free, RELATED: Aussies are saving up to $12m a day, Maddie and Nick realised they didn’t need cars when they moved to Sydney which enabled them to save money. Summary Programs + Results Financials Operations. It tracks car expenses such as registration, service bills, insurance, parking and depreciation.