OFFERING USERS A SMOOTHER DRIVE

As a car enthusiast, Gim Teck Yew is constantly looking into changing and with newer models entering the market more often, he found selling his old cars a hassle.

- POOVENRAJ KANAGARAJ

Instead of suffering a loss in depreciation in his bank settlements and to avoid the hassles of finding new buyers as well as applying for new loans, he saw the appeal of a subscription programme allowing him to test different car models with less commitments.

This led to him launching Juzdrive.com in 2019 and has since achieved RM 400,000 in gross transactional value, over 3,000 users signed up and over 700 cars listed on their platform.

“I was also inspired by Sunway’s commitment in sustainable development that aims to serve the community via innovations that will enrich the latter’s livelihoods,” the Chief Executive Officer and former Sunway Iskandar employee told BusinessToday.

DIFFERENTIATION POINT

For renting a car, Juzdrive has four subscription options for consumers allowing them to choose from a daily, weekly, monthly or yearly subscription.

“For example, we have budget cars from RM800 a month to a 10-seater multi-purpose vehicle (MPV) from RM300 a day. For those wanting to experience luxurious cars for a day, we have the likes of Porsche, Ferrari and McLaren,” he says.