Sime Darby Auto Selection partners with Trevo to let you loan out your newly-bought car

Sime Darby Auto Selection (SDAS) has announced a new partnership with Trevo in the form of the new ‘Fund your Drive’ programme, which seeks to make car ownership more affordable and accessible for Malaysians.

The programme, which runs from 2 September until 18 November 2021, provides an opportunity for SDAS car buyers to also generate income from their vehicles by listing it on the Trevo platform, at the same time offering a guaranteed resale price at the end of a 12-month period through the BuyBack option.

“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,” said Trevo’s parent company Socar Mobility Malaysia’s CEO, Leon Foong.

“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.”

Trevo wants to be the AirBnB for cars in Malaysia. Learn more about it here!

Trevo promises a “guaranteed income” from listing the cars up on its platform, which will cover at least 70% of the monthly loan repayments, essentially providing car owners with loan instalment support for 12 months. As part of the programme, customers will also enjoy free car servicing from SDAS for the 12-month period.

For example, Foong said that a Trevo host with a 2015 Hyundai Grand Starex can earn approximately RM850 a month if their car is booked for seven days, while leaving the car available for personal use on the other 23 days of the month. The supplemental income is estimated to cover “almost the full amount” of the monthly loan instalment.

SDAS recently also launched a new Extended Warranty Programme for used cars through its multi-brand service centres. Check it out here!

Interested customers can choose from a range of car models marked with the Trevo logo on the Sime Darby Auto Selection online marketplace, linked here. For more information on the ‘Fund Your Drive’ programme, visit the programme microsite here, or contact Trevo’s customer service via WhatsApp (+6019-205 2803) or email ([email protected]).

The ‘Fund Your Drive’ programme is open to all Malaysians.


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