Carro News partners with Guard My Ride – Extended Warranty Launches 2 new Products – MoU Ceremony

26th May 2018 – At Four Points by Sheraton, Puchong, held an event to launch 2 new products; A Warranty for cars in partnership with Guard My Ride  as well as a Credit/Finance facility in partnership with Funding Societies. and Guard My Ride have entered into a partnership to not only provide car warranties to used cars purchased by dealers on but to offer the service to other cars as well. This warranty package has been jointly developed by and Guard My Ride to combine both our services and inspections to provide extended vehicle warranties to protect your car from unplanned problems as well as give you even more confidence when buying cars from our car dealers that the ride you choose is of the highest quality.

FMC President Khoo Kah Jin

The President of the Federation of Motor & Credit Company Association of Malaysia – Kuala Lumpur and Selangor (FMC), Mr. Khoo Kah Jin, was invited to witness the MoU and grace the stage to give a speech about current issues, changes in the political atmosphere as well as the future of the automotive industry in Malaysia.

Jeffrey Tan, Business Strategy Consultant’s Business Strategy Consultant Jeffrey Tan took to the stage to give a speech about where the world is heading in terms of cloud driven technologies, blockchain, car sharing and the electrification of vehicles before introducing the CEO of, Fong Hon Sum, to introduce the new products as well as update on the constant growth of since the beginning of 2018.

Fong Hon Sum, CEO

Guard My Ride CEO Jonathan Tham was then introduced to speak about GMR and he stated that it was with the cooperation of myTukar and myTukar’s business that they developed this product with and they were very happy to be working together with a likeminded company to continue striving the industry we are in towards the future.

Jonathan Tam, CEO Guard My Ride Sdn Bhd

Fong Hon Sum then introduced the new Credit facility being offered in partnership with Funding Societies. With this partnership, myTukar will offer dealers that purchase cars from myTukar economical and attractive credit loans. With this, dealers will be able to grow their businesses around Malaysia and provide their customers with greater choice. Wong Kah Meng, CEO of Funding Societies, gave a brief speech introducing his firm and the product developed in cooperation with myTukar before passing the stage back to Fong Hon Sum.

Wong Kah Meng, CEO Funding Societies

Fong Hon Sum then continued to address the audience with an update about where myTukar is heading, what it has done since myTukar’s beginning of operations just 5 months ago with strong sales, and an impressive monthly growth rate of nearly 40%. To date, myTukar has achieved a revenue in excess of RM22 million in just 5 short months.

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