MyTukar Supporting 1,900 Used Car Dealers With The Support Of CapBay

As businesses are restarting their operations, a little financial support can go a long way for any businesses out there. For used car dealers, this is one of the hardest time for dealers to move their stocks on hand due to people are currently either holding on to any large purchases or buying new car due to the sales tax holiday.

In order to help boost the financial situation for used car dealers, MyTukar has teamed up with CapBay to offer a financing programme for used car dealers – MyTukar Dynamic Dealership Programme. This financial service programme aims to provide a hassle-free financing experience for all their authorised dealerships in Malaysia, with a total financing of up to RM300 million.

CapBay has a strong technological expertise in executing end to end digitization and automation of financing processes that enabled MyTukar to effectively drive its Dealer Management System. This in turn allows MyTukar to support used car dealers with a comprehensive financial ecosystem.

The MyTukar Dynamic Dealership Programme is a comprehensive financial services facility that provides MyTukar authorised dealers with an effective and convenient ‘one-stop-solution’ to operate and grow their dealership business. It also offers hassle-free financing within seconds to further complement the car purchasing experience on MyTukar’s platform. Dealers can receive short-term financing without cash outlay for purchases and free up cash flow for other investments or business opportunities. 

CapBay has started accepting financing applications from MyTukar auto dealers since 1 June 2020. For more information, please visit: www.capbay.com/mytukar. To sign up for MyTukar’s exclusive dealership program, please visit https://mytukar.com/dealership-program.

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