With the programme, you’re basically letting other people pay for your monthly instalment
Imagine buying a used car and generating income with said car by listing it on a car sharing platform. Not only that, the resell price is also guaranteed should you decide to sell it back at the end of a 12-month period.
This is entirely possible with the ‘Fund Your Drive’ programme, which is organised by Sime Darby’s multi-brand used car dealer Sime Darby Auto Selection (SDAS) and TREVO, SOCAR Mobility Malaysia’s people-to-people car sharing marketplace.
Running from today until 18 November 2021, the programme offers a range of reliable, refurbished cars from SDAS with a guaranteed resale price within 12 months through the BuyBack option. Listing their cars for rental on TREVO will give customers a guaranteed income that could help cover at least 70% of the monthly instalment.
On top of that, SDAS is also offering further saving opportunities in the form of free servicing for the 12 month period to owners participating in the programme.
Leon Foong, CEO of SOCAR Mobility Malaysia said that a TREVO host who owns a 2015 Hyundai Grand Starex, for example, can earn up to RM850 a month if the car is booked for just 7 days in each month, which is almost the full amount of the monthly loan instalment.
Here’s the press release with more information:
PRESS RELEASE
Sime Darby Auto Selection (SDAS), Malaysia’s fastest-growing corporate multi-brand used car dealer under Sime Darby Motors, has teamed up with TREVO, SOCAR Mobility Malaysia’s people-to-people car sharing marketplace, to revolutionise car ownership in Malaysia.
The ‘Fund Your Drive’ programme, the first of its kind in Malaysia – seeks to make car ownership more affordable and accessible, by providing the means for buyers of SDAS cars to also generate income from their vehicles by listing it on TREVO and a guaranteed resale price at the end of a 12-month period .
The ‘Fund Your Drive’ programme, which runs from 2 September until 18 November 2021, offers drivers the opportunity to purchase a reliable, refurbished vehicle from SDAS with a guaranteed resale price to SDAS within 12 months through the BuyBack option. In addition, they will also have a guaranteed income when they list their cars for rental on TREVO, which helps offset the costs of ownership such as loan repayments and maintenance fees.
The guaranteed income from car rental, which covers at least 70%* of the monthly loan repayments, provides car owners with loan instalment support for 12 months. As part of the programme, car owners will also enjoy free auto servicing from SDAS for the 12-month period.
“This collaboration with TREVO offers a good opportunity for those who want to own an affordable car with the chance to earn extra income from it, which will also help in financing the car. Additionally, SDAS is also offering free 12-month servicing for TREVO Hosts participating in the ‘Fund Your Drive’ programme, which will provide a substantial amount of savings on car maintenance and ownership,” said Vi Thim Juan, Managing Director of Sime Darby Auto Selection.
“During this time of economic uncertainty for many, those who need to own a vehicle may be thinking twice due to the financial outlay required. Through a programme like ‘Fund Your Drive’, owners not only have a variety of reliable, pre-owned vehicles that suit their budget from SDAS to choose from, TREVO also offers them additional means to fund the expenses associated with owning a vehicle,” said Leon Foong, CEO of SOCAR Mobility Malaysia.
Foong said a TREVO host who owns a 2015 Hyundai Grand Starex, for example, can earn approximately RM850 a month if their car is booked for 7 days in each month, while also keeping the car for personal use on the other 23 days in the month. The supplemental income is estimated to cover almost the full amount of the monthly loan instalment.
In line with SOCAR’s focus on multiflex mobility, TREVO is offering Malaysians more ways to move around that suit their needs. Having more listings on TREVO through this programme will expand options for these drivers.
Interested buyers can choose from a range of car models marked with the TREVO logo on SDAS’ website https://simedarbyautoselection.com.my/ to enjoy the special privileges. More information on the ‘Fund Your Drive’ programme can be obtained through WhatsApp at +6019-205-2803, by emailing [email protected] or by visiting https://simedarbyautoselection.com.my/fund-your-drive. This programme is open to all Malaysians.
