Sime Darby's Trevo partnership helps buyers make money with their car
Sime Darby Auto Selection (SDAS), Sime Darby Motors' multi-brand used car dealer, has teamed up with TREVO, SOCAR Mobility Malaysia’s people-to-people car sharing marketplace, to revolutionise car ownership in Malaysia.
The first-of-its-kind ‘Fund Your Drive’ programme makes car ownership more affordable and accessible by providing the means for buyers of SDAS cars to generate income from their vehicles by listing it on TREVO. Buyers are also given a guaranteed resale price at the end of a 12-month period.
Vi Thim Juan, Managing Director of Sime Darby Auto Selection said: “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,” he continued.
Furthermore, Leon Foong, CEO of SOCAR Mobility Malaysia mentioned that this initiative would assist Malaysians who may not have the financial means to purchase a car the conventional way during a pandemic.
“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,” he said.
To give a rough idea of the earning potential with TREVO, Foong pointed out that a 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 addition, they will also have a guaranteed income of at least 70 percent (subject to terms, of course) when they list their cars for rental on TREVO, which helps offset the costs of ownership such as loan repayments and maintenance fees.
The ‘Fund Your Drive’ programme runs from 2 September until 18 November 2021. Interested buyers can choose from a range of car models marked with the TREVO logo on SDAS’ website. This programme is open to all Malaysians.