Search

EXCLUSIVE
TRANSPORT & LOGISTICS | Krisana Gallezo, Singapore
Published: 24 Oct 12
16665 views


Local car portal offers stress-free ways for buyers to get rid of financial worries

sgCarMart Connect bills itself as Singapore's first one-stop online auto transaction plan for your car needs.

Buying a car from a private seller instead of a dealer often means that the buyer has to arrange for financing himself. In addition, he has to incur the hassle of sourcing for multiple motor insurance quotes and settling the legal ownership transfer of the vehicle himself.

sgCarMart Connect has partnered with sgCarMart to launch a revolutionary suite of free services for direct buyers and sellers of used cars. sgCarMart Connect will provide direct car sellers and buyers an end to end direct solution to transact their car directly online including assisted online listing, vehicle mechanical inspection, sourcing for multiple insurance quotations, sourcing for multiple financing quotations and legal transfer of the vehicle ownership.

As high COEs prices continue to take a central stage in Singapore, sgCarMart.com - a car portal that claims to be  the largest in town saw a 112 percent surge in direct owner listings as more sellers choose to cut cost by selling directly to another consumer.

Officially launched in March 2012, sgCarMart Connect has already processed over $8 million in auto loans.

“For the 1st time in Singapore’s automotive history do consumers have a VIP Concierge service that gives them a cash rebate of up to $4,500 just to provide them a hassle free experience of buying and selling a car directly with another consumer. It is like having a chauffeur who pays
you to let him drive you around.” said Fu Jijin, founder of sgCarMart Connect.

sgCarMart Connect partners with 8 leading financial partners and more than 5 insurance companies to provide consumers the best rates in Singapore. We also help consumers to perform the vehicle transfer of ownership with the Land Transport Authority (LTA) on their behalf and provide the necessary documentation for vehicle handover.

MOVING FORWARD

sgCarMart Connect also bills itself as the first company in the region that plans to offer a consolidated interface to help car owners to manage the entire life cycle of owning a car from tracking of monthly loan installments, multiple quote submission for annual insurance renewals, finding suitable vendors for car servicing, repairs and modifications.

"We also provide instant car valuation and car auction facilities. The soon to be launched is sgCarMart Connect's flagship platform - Car Nexus 3.0 is the combined force of 3 systems, namely: (1) "Financial Nexus" - Provides regular updates on your outstanding car loan, installment payment and refinancing options. Also provides competitive multiple insurance quotes 1 month prior to insurance renewals. (2) "Maintenance Nexus"- Provides you location detection services on the nearest car repair and servicing workshops nearest to your location. Provides promotional rates to annual car inspection and evaluation services. Provides you information and recommendations on car modification and enhancement. (3) "VIP Concierge Nexus" - Life Long VIP Concierge service for car valuation, Assisted Insurance Renewals, Auctioning facilities," said Fu.

sgCarMart Connect is also the exclusive finance partner of sgCarMart. 

COMPANY PROFILE

Name of the company: SCMC Pte Ltd
Founder/Founders: Jijin Fu
Website: connect.sgcarmart.com
Major Investors: CH Holdings
Total funding at hand: Around 800,000
Target fund: 2 million
Source of funding: Private Investors, Angel Investors, Institution Investor
Start of operation: Jul 2011 (Incorporated) Phase 1 Official Launch in March 2012



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: sgcarmart connect, car for sale Singapore, Singapore cars for sale, used cars singapore

CO-WRITTEN ARTICLES & SPONSOR CONTENT ››

The leading Philippine residential developer unveils its most upscale township yet.
175 views

Find out what it has impressively accomplished.
367 views

LATEST TRANSPORT & LOGISTICS JOBS »
PRINT ISSUE »

Subscribe Now
Trains, planes, automobiles and drones

166 views

As goes Hong Kong, so goes Singapore?

1444 views

Office property shows no signs of a slowdown

407 views

MOST READ EXCLUSIVES

Singapore’s 20 most influential 40 and under lawyers

Singapore’s 20 most influential 40 and under lawyers

Check out who made our cut.

by KRISANA GALLEZO
15 Aug 2014 | 167516 views
 

13 most exclusive credit cards in Singapore

13 most exclusive credit cards in Singapore

Some of which you’ve probably not heard of.

by KRISANA GALLEZO
27 Aug 2014 | 95029 views

11 craziest credit card purchases in Singapore

11 craziest credit card purchases in Singapore

Find out if each is worth the outlay.

by KRISANA GALLEZO
22 Sep 2014 | 39428 views
 

Singapore’s 7 hot new restaurants in September

Singapore’s 7 hot new restaurants in September

Have you checked out a very secretive cafe at 48 ¾ Niven Road?

by KRISANA GALLEZO
6 Oct 2014 | 22219 views

Singapore's 8 hot new restaurants in July

Singapore\'s 8 hot new restaurants in July

More Singapore openings from famous restaurants in Asia.

by KRISANA GALLEZO
4 Aug 2014 | 21571 views
 

20 most preferred hotels of Singapore travelers in Asia

20 most preferred hotels of Singapore travelers in Asia

Hotels in Thailand dominate the list.

by KRISANA GALLEZO
12 Aug 2014 | 21244 views

Singapore’s 8 hotels coming your way next year

Singapore’s 8 hotels coming your way next year

A total of 3,458 hotel rooms will soon be available.

by KRISANA GALLEZO
8 Sep 2014 | 19671 views
 

Singapore’s 8 hot new restaurants in August

Singapore’s 8 hot new restaurants in August

Get a taste of an aromatic broken rice dish without MSG.

by KRISANA GALLEZO
4 Sep 2014 | 11370 views

Have you been to The Providore Warehouse yet?

Have you been to The Providore Warehouse yet?

Check out some photos inside.

by KRISANA GALLEZO
1 Sep 2014 | 10349 views
 

Check out General Motors’ new HQ in Singapore

Check out General Motors’ new HQ in Singapore

A ‘hot desks’ rule is implemented in the new office.

by KRISANA GALLEZO
3 Oct 2014 | 10192 views

Awesome workplace at 501: How's having a meeting while cuddling a teddy bear?

Awesome workplace at 501: How\'s having a meeting while cuddling a teddy bear?

Also check artistically designed in-house locations for video shoots.

by KRISANA GALLEZO
6 Aug 2014 | 9888 views
 

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

The new outlet’s construction cost more than half a million dollars.

by KRISANA GALLEZO
11 Sep 2014 | 5522 views

5 craziest things you can't imagine founders would do to make their startup successful

5 craziest things you can\'t imagine founders would do to make their startup successful

Will you jump out of the plane flying at over 15K ft  just to catch a potential client?

by KRISANA GALLEZO
3 Sep 2014 | 5270 views
 

Three best buddies in their 30s set up 6 Prawns and a Beer

Three best buddies in their 30s set up 6 Prawns and a Beer

Here’s a new food hub at Bukit Timah to enjoy a well-loved seafood with beer.

by KRISANA GALLEZO
12 Aug 2014 | 4421 views

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

10 to 15 more outlets coming over the next 5 years.

by KRISANA GALLEZO
28 Aug 2014 | 4367 views
 

Get ready to work and play at Spotify’s regional office

Get ready to work and play at Spotify’s regional office

All the furniture except the bean bags were imported from Sweden.

by KRISANA GALLEZO
23 Sep 2014 | 4324 views

Opera Estate welcomes a little bar simply called ‘Slake’

Opera Estate welcomes a little bar simply called ‘Slake’

It wants to be your living/dining room outside of home.

by KRISANA GALLEZO
25 Sep 2014 | 3650 views
 

Singapore’s 10 favorite meals on wheels

Singapore’s 10 favorite meals on wheels

You better cut the pizza: An Italian dish bagged the number 1 spot.

by KRISANA GALLEZO
17 Oct 2014 | 3621 views

These NUS students boldly suggest removal of Malaysian Airlines' CEO to survive

These NUS students boldly suggest removal of Malaysian Airlines\' CEO to survive

That's just one part of the strategy.

by KRISANA GALLEZO
16 Sep 2014 | 3015 views
 

No boys allowed: Here’s a coworking space designed for women only

No boys allowed: Here’s a coworking space designed for women only

The office space can be transformed to a large event venue for social nights.

by KRISANA GALLEZO
14 Aug 2014 | 3004 views

Haji Lane welcomes a hippy motorcycle cafe

Haji Lane welcomes a hippy motorcycle cafe

It serves all-day brunches with motorcycle merchandise up for grabs.

by KRISANA GALLEZO
28 Jul 2014 | 2514 views
 

Will you take up the challenge to live on $5 a day and share the experience?

Will you take up the challenge to live on $5 a day and share the experience?

This campaign already generated over 8,000 followers on Facebook.

by KRISANA GALLEZO
23 Sep 2014 | 2490 views

Could this be the most intelligent phonebook app yet?

Could this be the most intelligent phonebook app yet?

It’s self-updating and removes duplicates for worry-free contacts storage.

by KRISANA GALLEZO
29 Sep 2014 | 2474 views
 

Arete Culture opens first store in Lam Soon Building

Arete Culture opens first store in Lam Soon Building

It's a one-stop shop for your quirky interior decors.

by KRISANA GALLEZO
24 Sep 2014 | 2470 views

Worry about your loved ones’ whereabouts no more

Worry about your loved ones’ whereabouts no more

Folr introduces a real-time geo-location tracking mobile app that also details where they were.

by KRISANA GALLEZO
5 Sep 2014 | 2468 views
 

Have money but don’t know what to do? Call DrWealth

Have money but don’t know what to do? Call DrWealth

It creates Asia’s first online financial planning platform for the masses.

by KRISANA GALLEZO
12 Aug 2014 | 2437 views

Orchard Gateway welcomes the second outlet of Outback Steakhouse

Orchard Gateway welcomes the second outlet of Outback Steakhouse

The store construction costs US$1.5million.

by KRISANA GALLEZO
21 Aug 2014 | 1910 views
 

Noël Caleb Concept Store opens September 29

Noël Caleb Concept Store opens September 29

It targets women wanting to wear designs not found anywhere in the world.

by KRISANA GALLEZO
10 Sep 2014 | 1747 views

Check out the colorful AkzoNobel House designed through Dulux and automotive paints

Check out the colorful AkzoNobel House designed through Dulux and automotive paints

Its color and vibrance is inspired by ‘architecturally interesting’ Arab Street.

by KRISANA GALLEZO
28 Aug 2014 | 1432 views
 

Want to know a ‘smart’ way to have your clothes washed?

Want to know a ‘smart’ way to have your clothes washed?

My Laundry Box introduces a smart laundry locker platform that works with an app.

by KRISANA GALLEZO
17 Oct 2014 | 1417 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter