For those of you seeking for an alternative to conventional car rental services, or are open to the idea of renting your car out for additional income, you might want to check out SOCAR Malaysia’s Trevo. Officially launched in Malaysia early this week, Trevo is a peer-to-peer car sharing marketplace where drivers (guests) can contact car owners (hosts) to rent their cars for a specified period of time.
As a guest, you will be able to find a range of vehicles on offer, from sedan cars to SUVs, MPVs, pickups, wagons, coupes, convertibles, as well as luxury drives. You can also select from 21 car brands, including Audi, Bentley, and Mazda. A Perodua Myvi, for instance could cost you as little as RM55 per day, while the fee of a Rolls-Royce Ghost is set at RM6,000 per day.
To drive with Trevo, you need to first sign up via the mobile app and verify your account. The verification process typically takes about 24 hours. You must also have either a Malaysian Competent Driving Licence (CDL) or a valid international driving permit. Once that’s confirmed, you’re free to browse and book your preferred car. You will be given a choice of collecting the car from the host at a handover location, or from a member of the Trevo team.
As a host, Trevo gives you a chance to earn some extra income via your cars. For instance, the income calculator available on the Trevo website estimates that you can earn up to RM5,430 per month with a 2015 Perodua Myvi if the car is booked for 10 days in a month. Luxury cars such as BMW 740 Le from 2019, on the other hand, can earn you about RM16,970 per month.
To register as a host on the Trevo app, you will also have to go through a similar verification process. In addition to that, you will have to provide information about your vehicle, such as its year of make, availability, and delivery options. The app also prompts you about opting in for extra services, like insurance packages and location tracking.
According to Trevo, the company is invested in providing more mobility choices to fulfil travel needs within the country. It aims to do this by tapping into the high rate of vehicle ownership in Malaysia, which is supposedly the highest in the region with 93% of households owning at least one car.
Trevo first went live in October 2019, and currently has more than 300 cars available in its listing, with most of them located in Klang Valley. The service also boasts over 20,000 registered guests, with more than 1,000 bookings since its establishment.
(Source: The Edge Markets)