MARKETS & INVESTING | Staff Reporter, Singapore

This entrepreneur allows Singaporeans to sell their cars within 24 hours

Motorist.sg has sold more than $55m worth of cars in almost two years.

Motorist.sg started out in 2015 and has since disrupted the way Singaporeans are selling their cars.

"Through our car bidding platform, Motorist.sg helps drivers, sell their cars at the highest price online, without any paperwork, within as fast as 24 hours," says Damian Sia, founder of Motorist.sg. "Over the past 22 months, we have sold more than SGD55 million worth of cars."

They also have one of the fastest growing community of drivers, with more than 6,000 members currently. "With the Motorist.sg app, we offer drivers a suite of free e-concierge services, including road tax reminders, inspection reminders, summon notifications, allowing drivers to manage their cars with their smartphones," says Sia.

Motorist.sg is unique because it is one of the pioneering car quotation portal in Singapore. "One of our strengths is our ability to consistently provide the highest offer in the market for drivers as we have the most cars for bidding in Singapore every single day," says Sia.

Motorist.sg is one of the few car portals that has all its technology built in-house. It was coded from scratch by Sia, a programmer who also has more than five years experience in the car industry as a secondhand car dealer. "We are very confident that our technology is the most advanced in the industry and 100% customised for the local market," he says.

Sia, 30, completed his education with a double major in computer science and information system from Murdoch University. He started his first company when he was 24 years old and successfully made his first exit in 2015. He is a passionate serial entrepreneur, and currently develops and owns several companies.

He was also the founder of SeekSquare and Quotations.com.sg in 2011, which are platforms that helped anyone obtain quotations for anything they are looking to purchase. "For example, if you are looking to print for a box of name cards, you can just submit an enquiry through Quotations.com.sg, and vendors will reply with their quotes," Sia explains. After a while, he realised that, out of all the enquiries, car enquiries were the ones that were being consistently transacted successfully. This was where he started moving deeper into the car industry and started Motorist.sg. Damian was also the founder of DirectCars, who is now a competitor. After he sold his stake in the company, he used it as capital to set up Motorist.sg.

"Most people either have no idea how to sell/scrap a car, or cannot remember how. After all, it is not a daily activity, and it can be troublesome and time consuming. And because of this, many drivers may take months to sell their cars, getting into trouble with authorities for missed deadlines and wrong paperwork or even end up getting cheated," Sia notes.

Through Motorist.sg, with just one click, drivers are able to obtain the guaranteed highest offers in the market, without any paperwork, and sell as fast as within 24 hours. Without even leaving their carpark. 

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