Multi-brand used car dealer under Sime Darby Motors, Sime Darby Auto Selection (SDAS), 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 .
Until 18th November 2021
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.
Free servicing 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.
If you take a Hyundai Grand Starex
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 to enjoy the special privileges.