Home Featured (Homepage) muvbid Is The First And Largest Self-Listing Vehicle Bidding Platform In Malaysia

muvbid Is The First And Largest Self-Listing Vehicle Bidding Platform In Malaysia

by Zachary Ho - Feb 14, 2020

If you are in the market to buy a used vehicle, or to sell one, muv Marketplace Sdn Bhd has a new platform for you, to buy or sell with peace of mind. muv stands for “Marketplace for Used Vehicles” and the company has launched Malaysia’s first and largest self-listing vehicle bidding platform – muvbid.

muvbid is an online bidding platform that is available 24/7 and provides easy and transparent end-to-end services, including financing for buyers. muvbid also allows individuals to upload their car for listing on its platform by themselves to reach thousands of potential buyers at any time.

“In Malaysia, buying and selling a used car is such a troublesome process that most people will just opt for the easy way out by trading in for their next purchase. At muv we hope to address this by becoming their facilitator and providing a platform for them to BUY and SELL their cars with ease, not just to list their cars and wait for potential buyers,” commented Andy Teh, CEO of muv. Andy is a startup industry expert with years of experience in digital marketing, and is aiming to make an impact in the used vehicles market.

In order to provide more peace-of-mind to buyers, and to enhance its position as the premier platform for used cars, muvbid offers “muv Verified”. This is a value-added service introduced to sellers so they can get their cars inspected and verified by muv professionals at muv hubs nationwide. Alternatively, sellers who can’t find the time to get to these hubs can opt for muv mobile inspectors to come to you (for a small fee of RM50 paid via the muv website). This mobile service is currently available in the Klang Valley, Penang and Johor.

Further enhancing muvbid’s end-to-end solutions, muv will facilitate the buying and selling process by connecting the buyer and seller on a single platform, whether they are used car dealers or individual owners who may or may not require financing.

If required, muv will assist with financing applications and once financing is successful or once payment for the car is organized, muv will help with the necessary paperwork such as ownership transfer, Puspakom inspection, road tax and insurance.

“With the launch of muvbid, anyone can sell and bid for the car they are interested in anytime, anywhere. Sellers can self-list their cars and potential buyers can then place bids of the price they are willing to pay for the cars.

“We even conduct free verification inspections on listed cars via “muv Verified” if the seller chooses to. The muv Verified badge provides potential buyers the assurance that the said vehicle’s condition has been inspected and verified as per what the seller has declared,” Teh elaborated.

To recap, these are the key features of muvbid:

Malaysia’s first and largest 24/7 self-listing vehicle bidding platform
- Sell your car anytime, anywhere – muvbid allows sellers to list vehicles themselves at their convenience by simply registering and logging on to www.muv-x.com.
Enhanced online buying and selling experience
- muvbid will facilitate the entire buying and selling process by connecting the buyer and seller on one platform, including financing if required.
- muvbid allows buyers to offer what they are willing to pay for the used vehicle via bids.
- For sellers who want a quick experience or already have a price in mind, they can also opt to include a “Buy It Now” price on their listing.
A platform with end-to-end services to buyers and sellers
- Buying and selling a vehicle in Malaysia can be a time-consuming process for those who are not familiar with it. For example, vehicles need to be sent to Puspakom for inspection, and the ownership transfer process requires your thumbprint for verification at JPJ.
- muv will help with all the necessary paperwork such as ownership transfer, Puspakom inspection, road tax and insurance, once financing or payment is confirmed.
- muv also assists with financing applications, if required.
Free verification inspections on listed cars via “muv Verified” when you send your car to a muv hub
- To help provide a more complete picture of the vehicle to the potential buyer / bidder, sellers can bring their vehicle to a muv hub for inspection and verification on the vehicle’s condition. Vehicles that have been verified will receive a “muv Verified” badge on the website.
- For sellers who are unable to head to a muv hub, muv offers a mobile verification inspection service (currently available in the Klang Valley, Penang and Johor) for a small sum of RM50.
Listing on muvbid is FREE*
- While there is cost to the seller to list their car for sale, there will be a RM140 charge for the Puspakom B5 inspection upon confirmation of a buyer. This inspection charge will be deducted from the selling price of the car (upon payment) and is a requirement of the industry for any vehicle ownership transfer.
Convenient for Corporations and SMEs to sell off fleet vehicles
- Corporations, organisations and SMEs can list their own fleet vehicles in the website for sale.
  They can also seek assistance from muv via their hotline – 018 208 8089