Search

EXCLUSIVE
TRANSPORT & LOGISTICS | Krisana Gallezo, Singapore
Published: 24 Oct 12
16397 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 Singapore Institute of Management (SIM Group) has been the key provider of executive education since Singapore’s early days.
72 views

Instead of burying their heads in books or articles on effective marketing techniques, advertising executives may want to sit back, relax and surf the web once in a while.
45 views

With the biggest high-net-worth population growth rates being recorded in Asia Pacific, the state of Penang in Malaysia has been one of the hotspots for luxury residences.
521 views

LATEST TRANSPORT & LOGISTICS JOBS »
  • No jobs posted on this category.
PRINT ISSUE »

Subscribe Now
Trains, planes, automobiles and drones

76 views

As goes Hong Kong, so goes Singapore?

635 views

Office property shows no signs of a slowdown

161 views

MOST READ EXCLUSIVES

10 hottest ad execs and marketers under 40

10 hottest ad execs and marketers under 40

Find out who made it to the list.

by KRISANA GALLEZO
14 May 2014 | 71594 views
 

Singapore's 10 most successful 40 and under hotel managers

Singapore\'s 10 most successful 40 and under hotel managers

Find out who's who in the hotel industry.

by KRISANA GALLEZO
12 Mar 2014 | 70228 views

Singapore’s 20 most expensive hotel suites

Singapore’s 20 most expensive hotel suites

Guess which tops the list at S$20,000 a night.

by KRISANA GALLEZO
30 May 2014 | 55566 views
 

Singapore's 6 hot new restaurants in April

Singapore\'s 6 hot new restaurants in April

Warm your belly with these top picks.

by STAFF REPORTER
1 Apr 2014 | 30813 views

What 10 leaders can tell you about starting up in Singapore

What 10 leaders can tell you about starting up in Singapore

Take a sneak peek into the minds of some top VC investors and successful startup founders.

by KRISANA GALLEZO
21 Apr 2014 | 19636 views
 

Singapore's 6 hot new restaurants in March

Singapore\'s 6 hot new restaurants in March

Get a taste of NYC's eclectic undergound dining.

by STAFF REPORTER
18 Mar 2014 | 17901 views

Singapore’s top 5 hotel Sunday champagne brunches

Singapore’s top 5 hotel Sunday champagne brunches

Brunch meals start at $158.

by STAFF REPORTER
14 Apr 2014 | 13196 views
 

Check how this dull space was turned into a bewitching café in a garden

 Check how this dull space was turned into a bewitching café in a garden

It brought a “picnic in the park” concept.

by KRISANA GALLEZO
22 Apr 2014 | 12765 views

Should everyone be happy with falling private home prices?

Should everyone be happy with falling private home prices?

And will the cooling measures be relaxed by 2015?

by STAFF REPORTER
9 Apr 2014 | 9439 views
 

Korea’s Yoogane to open second outlet in Singapore

Korea’s Yoogane to open second outlet in Singapore

More outlets are soon to come.

by KRISANA GALLEZO
29 May 2014 | 7063 views

Why are office rents suddenly the hottest topic in the property market?

Why are office rents suddenly the hottest topic in the property market?

Everyone has been buzzing about it.

by STAFF REPORTER
26 Mar 2014 | 5974 views
 

Will April be a better month for Singapore home sales?

Will April be a better month for Singapore home sales?

Everyone's devastated by the sudden crash in March.

by STAFF REPORTER
23 Apr 2014 | 5025 views

Singaporeans mine gold in ‘second hand economy’ amidst skyrocketing cost of living

Singaporeans mine gold in ‘second hand economy’ amidst skyrocketing cost of living

8 in 10 Singaporeans admit to purchasing pre-owned goods.

by CARMINA JARIEL
28 Mar 2014 | 2750 views
 

Sour profits force Singapore's F&B outlets to relocate or shut down

Sour profits force Singapore\'s F&B outlets to relocate or shut down

Blame it on rising rents, tighter manpower.

by CARMINA JARIEL
8 Apr 2014 | 1813 views

Singapore's most followed Google+ personality joins local startup

Singapore\'s most followed Google+ personality joins local startup

Check out how "SuperMommy" plans to take Tickled Media into another level.

by KRISANA GALLEZO
3 Apr 2014 | 1712 views
 

Take an exclusive tour at Camden Medical Centre's new healthcare facilities

Take an exclusive tour at Camden Medical Centre\'s new healthcare facilities

Check-up jitters no more.

by STAFF REPORTER
10 Apr 2014 | 1579 views

Singapore hoteliers bracing for room oversupply

Singapore hoteliers bracing for room oversupply

Occupancy to remain flat, they say.

by CARMINA JARIEL
20 Mar 2014 | 1394 views
 

Meet the man who wants to change mobile networking in Singapore

Meet the man who wants to change mobile networking in Singapore

It’s all about ‘the art of click'.

by STAFF REPORTER
7 May 2014 | 1255 views

SingTel out, SIA in: Singapore Grand Prix finds new big time sponsor

SingTel out, SIA in: Singapore Grand Prix finds new big time sponsor

6-year partnership comes to an end.

by CARMINA JARIEL
15 Apr 2014 | 1250 views
 

Former executives at Yahoo! and InterContinental Hotels back Singapore startup

Former executives at Yahoo! and InterContinental Hotels back Singapore startup

See how they're building their travel search empire.

by STAFF REPORTER
14 Apr 2014 | 1090 views

See how this startup allows you to create a web game in just 5 minutes

See how this startup allows you to create a web game in just 5 minutes

It’s the Wordpress for video games.

by STAFF REPORTER
19 Mar 2014 | 1085 views
 

Singapore's alcohol distributors face hangover as booze tax hike weighs on sales

Singapore\'s alcohol distributors face hangover as booze tax hike weighs on sales

How will boozehounds bear the brunt?

by CARMINA JARIEL
11 Mar 2014 | 1011 views

Property investors turn to medical suites as alternative investment

Property investors turn to medical suites as alternative investment

Occupancy rate jumped to 84.6%.

by STAFF REPORTER
3 Apr 2014 | 931 views
 

Ooops, Singapore does a U-turn with new stance on Bitcoin

Ooops, Singapore does a U-turn with new stance on Bitcoin

It’s showtime for Bitcoin exchange operators.

by CARMINA JARIEL
17 Mar 2014 | 848 views

Find out how this Singapore startup allows customers to send money through Facebook

Find out how this Singapore startup allows customers to send money through Facebook

CEO reveals next big plans.

by STAFF REPORTER
12 Mar 2014 | 824 views
 

See how 99.co plans to pacify exasperated house-hunters in Singapore

See how 99.co plans to pacify exasperated house-hunters in Singapore

Tired of bogus listings?

by CARMINA JARIEL
22 May 2014 | 806 views

Is DocDoc sick or just a target of poor prognosis?

Is DocDoc sick or just a target of poor prognosis?

The truth behind the exit of 7 executives explained.

by KRISANA GALLEZO
12 Mar 2014 | 756 views
 

Singapore startup builds world’s first crowdpricing platform

Singapore startup builds world’s first crowdpricing platform

Here’s how you could end up paying less.

by KRISANA GALLEZO
29 May 2014 | 741 views

See how JamiQ helps you track your digital footprint in different languages

See how JamiQ helps you track your digital footprint in different languages

It’s now looking for strategic investors.

by STAFF REPORTER
2 Apr 2014 | 342 views
 

JPMAM’s new CEO says clients should “re-risk” their portfolios

JPMAM’s new CEO says clients should  “re-risk” their portfolios

Find out why this is urged.

by STAFF REPORTER
31 Mar 2014 | 325 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter