Carsome today announced that it has entered a partnership with Aspirasi, a micro-financing and micro-insurance company provider under Axiata Digital to offer hassle-free and seamless financing solutions to used car dealers.
Used car dealers on Carsome’s platform can now apply up to 80 percent financing margins of a used car transaction value from as low as one percent per month. The effort will benefit at least 2,500 used cars dealers currently under the Carsome’s platform.
“Aspirasi’s financing scheme, coupled with our data capabilities, will see the enhancement of used car dealers’ financing needs in a viable manner. We are confident that this will be the most convenient solution for dealers who want to expand their business with ease and speed through Carsome’s platform,” said Eric Cheng, Co-founder and Group CEO of Carsome.
Aspirasi has been providing digital financial solutions to micro-enterprise and small and medium enterprises (SMEs) in Malaysia since 2019. Some of the notable brand collaborations with Carsome include Funding Societies and CIMB Bank.
Carsome has also invested more than MYR 10 million in Malaysia to support used car dealers in programmes such as Dealer Alliance Support Program, Dealer Car Selling Program and Dealer VIP Programs.
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