Our Solutions
Dealer Financing
CapBay will provide you with up to 80% financing margin to purchase used cars from MyTukar platform.
How it works:
- Apply for a financing facility with us
- Bid for a car on MyTukar platform
- Enjoy 80% of financing on car price on MyTukar platform
- Pick up the car from MyTukar
- Repay loan within 3 months
*may vary for different car models, T&C Apply
Inventory Financing
CapBay will help you unlock cash of up to 70% financing margin on unsuccessful used car sales auction on MyTukar platform.
How it works:
- Apply for a financing facility with us
- List a car on MyTukar platform
- Cash out up to 70%* of the car market value** if listing was unsuccessful
- Repay loan within 3 months
*may vary for different car models, T&C Apply
**subject to CapBay valuation
Eligibility Criteria:
Approved as MyTukar used car dealer
Have insurance on the vehicles situated at your business premise or car lot
No adverse legal, trade & credit reference findings
Operating for more than 1 year
- Approved as MyTukar used car dealer
- Have insurance on the vehicles situated at your business premise or car lot
- No adverse legal, trade & credit reference findings
- Operating for more than 1 year
Interested? Drop us your interest and our Funding Specialist will call you!
What they say about us
"From our initial on-boarding to more than 50 units of used vehicles financed to date, CapBay’s team has been a great support to us throughout. With the fear of COVID-19 looming over small businesses like ours, a fast and efficient financing solution gave us a boost of confidence to keep going. I’ll definitely recommend CapBay to all SMEs."
"Having CapBay as our financing partner gives us peace of mind. We know that an easy, fast, and reliable financing option is within our reach, no more worrying about cash flow issues or the long wait to securefinancing. We can confidently bid for the car we want knowing that financing will not be a major concern, thanks to CapBay’s Dealer Financing facility."
"CapBay’s Dealer Financing facility has helped us greatly in growing our business while keeping our cash flow healthy. Easy and flexible financing, especially at a time when many businesses are struggling to keep afloat, is a boon to us. I am happy that I found a solution to my cash flow issues and regularly recommend CapBay to my contacts."
"CapBay’s Dealer Financing facility allows us to make fast decisions when bidding for or listing a car on a platform. We used to worry a lot about our cash flow situation and avoid taking risks — that has significantly slowed down our growth. But since we were introduced to CapBay, we are able to confidently plan our next move without worrying much about the finances."
FAQ
Dealer financing is a solution tailored for used car dealers to address the gap of shortage of funds when collecting, operating, and expanding the scale of their operations. Car dealers can obtain financing from CapBay to purchase more vehicles. Car dealers can use existing vehicles on MyTukar platform as collaterals to help increase financing amount.
Inventory Financing is a financing solution that caters for car dealers that have large amounts of cash stuck in their inventory. Through this solution, they can activate capital liquidity through second-hand car dealer financing to maintain competitiveness in the market.
Because CapBay offers flexibility of financing like no others. Here in CapBay, we understand your business needs and we conduct holistic assessments on your business outlook and conditions so that we can craft a tailor-made solution that fits your business needs.
Used Car Dealers can enjoy the perks below when you seek financing from CapBay:
- Unlock credit line of up to RM 500,000
- Easy and hassle-free application process
- Flexible repayment scheme
- Pay for what you use only
Of course! Car Dealers are always welcome to make early repayment to us as interest is charged on daily rest.
Terms and conditions apply.