EASY RIDES SERVICES (002709729-D) BENEFITS OF CAR RENTAL INVESTMENT PLAN
COMPANY PROFILE • Easy Rides is a carsharing marketplace for ridesharing that allows car owners to rent their idle assets to rideshare drivers safely, securely and reliably • We are an Enabler Company of the Gig Economy by providing vehicle rental for job seekers. • 8 years experience in the industry starting from year 2015 • Official partnership with Grab, In-Driver, Air Asia Rides, MyCar, LalaMove, Mr Speedy, J&T Express, GoGet and others E-Hailing platforms. • Total of car fleet 600 cars with an expansion final target of 1,000 total vehicles.
COMPANY STRENGTH • We specialize in providing rental services exclusively tailored for job seekers seeking employment in the gig economy, offering them an opportunity to access reliable transportation. • Our business thrives in both challenging and prosperous economic conditions. During periods of high unemployment, job seekers urgently seek opportunities to earn a living swiftly, and that's precisely where our services become invaluable. Conversely, in times of economic prosperity, our drivers are able to achieve a rewarding livelihood through the gig economy. • Our business thrives with the ever-expanding Gig Economy, which is forecasted to experience significant year-on-year growth. Additionally, we maintain long-term rental agreements with drivers, fostering a strong and enduring partnership.
WHAT IS GIG ECONOMY? • Gig economy is simply, a big group of part-timers and freelancers working on contractual or ad-hoc basis. In the gig economy, “employees” are professionally referred to as contract workers. • They are from all walks of life, participating in the gig economy to earn additional income, have a career that offers flexibility, try out for the experience, kill time, or simply out of passion. • Some of them even have day jobs. Due to these factors, they are less concerned with earning a fixed, steady salary and are in it for additional income. • This helps to lower the effective costs of companies, at the same time increase the income of these “employees”. It is easy to see why the trend of the gig economy is on the rise.
INVESTMENT PLAN 1 (PERODUA BEZZA 1.3) Company pays NETT RM13,800 per annum with average of RM1,150 per month. Rental Agreement of 7 Years. Company bares ALL Summons of the Vehicle. Company bares ALL Maintenance of the Vehicle. All Vehicles are equipped with GPS & Immobilizer. Car OTR Price = RM45,700
CASH BUY ROI CALCULATION (INVESTMENT 1) • Owner Cost • Purchase of Car = RM45,700 (1st year insurance included) • Insurance 6 years = RM1,100 (25%NCB) AVG x 6 years = RM6,600 • Estimated Total Cost = RM52,300 • Earnings • Payment Received = RM1,150 x 12 months x 7 years = RM96,600 • Estimated Sale of Vehicle = RM10,000 (After 7 years) • Total Earnings = RM106,600 • Est Total Net Earnings = RM54,300 • Estimated Annual ROI = RM54,300 / 7 years = RM7,757 per annum • RM7,757 (Return) / RM52,300 (Cost) = 14.80% per annum • Estimated BREAKEVEN = 46th months after of which 38 months is net profit. (Excluding sale of Vehicle)
LOAN BUY ROI CALCULATION (INVESTMENT 1) • Owner Cost • Purchase of Car = RM45,700 (1st year insurance included) • Interest Paid = 3.3% (Max) x 7 years = RM10,556 • Insurance 6 years = RM1,100 (25%NCB) AVG x 6 years = RM6,600 • Estimated Total Cost = RM62,856 • Earnings • Payment Received = RM1,150 x 12 months x 7 years = RM96,600 • Estimated Sale of Vehicle = RM10,000 (After 7 years) • Total Earnings = RM106,600 • Est Total Net Earnings = RM43,743 • Estimated Annual ROI = RM43,743 / 7 years = RM6,249 per annum • RM6,249 (Return) / RM62,856 (Cost) = 10% per annum • RM1,150 (Monthly) – RM670 (Installment) = RM480 gross profit per month
INVESTMENT PLAN 2 (PROTON SAGA AT) Company pays NETT RM12,000 per annum with average of RM1,000 per month. Rental Agreement of 7 Years. Company bares ALL Summons of the Vehicle. Company bares ALL Maintenance of the Vehicle. All Vehicles are equipped with GPS & Immobilizer. Car OTR Price = RM40,000
CASH BUY ROI CALCULATION (INVESTMENT 2) • Owner Cost • Purchase of Car = RM40,000 (1st year insurance included) • Insurance 6 years = RM800 (25%NCB) AVG x 6 years = RM4,800 • Estimated Total Cost = RM44,800 • Earnings • Payment Received = RM1,000 x 12 months x 7 years = RM84,000 • Estimated Sale of Vehicle = RM6,000 (After 7 years) • Total Earnings = RM90,000 • Est Total Net Earnings = RM45,200 • Estimated Annual ROI = RM45,200 / 7 years = RM6,457 per annum • RM6,457 (Return) / RM44,800 (Cost) = 14.40% per annum • Estimated BREAKEVEN = 45th months after of which 39 months is net profit. (Excluding sale of Vehicle)
LOAN BUY ROI CALCULATION (INVESTMENT 2) • Owner Cost • Purchase of Car = RM40,000 (1st year insurance included) • Interest Paid = 3.3% (Max) x 7 years = RM9,240 • Insurance 6 years = RM800 (25%NCB) AVG x 6 years = RM4,800 • Estimated Total Cost = RM54,040 • Earnings • Payment Received = RM1,000 x 12 months x 7 years = RM84,000 • Estimated Sale of Vehicle = RM6,000 (After 7 years) • Total Earnings = RM90,000 • Est Total Net Earnings = RM35,960 • Estimated Annual ROI = RM35,960 / 7 years = RM5,137 per annum • RM5,137 (Return) / RM54,040 (Cost) = 9.5% per annum • RM1,000 (Monthly) – RM590 (Installment) = RM410 gross profit per month
SECURITY & CONFIDENCE • As long as the Gig Economy thrives, our company will remain steadfast in its operations. With the ongoing transition towards the gig economy in Malaysia, our growth trajectory is poised to escalate. • We provide guaranteed payment to vehicle owners, alleviating concerns regarding accidents, claims, or vehicle inactivity, except for unforeseen events such as the recent coronavirus outbreak and floods that may temporarily impede service provision. • Our comprehensive contracts with all parties ensure the safety and security of both owners and drivers.
WHY CHOOSE US? •Hassle-free borrowing process •Monthly commission earnings •No bank installments to pay •Summon and car maintenance coverage •Investing in car rentals provides delivery platforms with a range of benefits, including simplified borrowing, steady commission income, cost savings, and enhanced owner support. These advantages contribute to the platform's success and growth.
• DRIVER - Rent a Car for Rideshare, Delivery on any platform. Drive for your needs. Earn on your terms. • OWNER - Become an autopreneur by turning your car into a passive income stream. For more info : SIMON FOO 017-8677 256