The pandemic has been detrimental to the Malaysian economy, the
Malaysian community and Malaysian households. The rakyat have endured
pay cuts or lost their jobs and as a result may no longer be financially secure. Many have realised it is insufficient to rely on a single stream of income. For those households who find themselves with a spare car, sitting idle at home, they can now subscribe out their car and earn a passive second income as a Flux host.
Today, in a COVID-19 world, many of us have had to adjust to a working from home arrangement, helping our children with their online classes and as a result, driving a lot less. This leaves many with cars idle in the driveway, yet still incurring costs in the form of loan payments, scheduled maintenance bills and even surprise breakdowns from underuse.
Selling one’s car may seem the most practical and efficient way to solve this problem, but with average used car prices down by over 10% compared with this period last year, many are not able to settle their loan with these lower resale values.
Here’s where Flux comes in.
Flux is an all-inclusive multi-brand car subscription platform that allows consumers and businesses to subscribe to a car for 1 – 36 months. Typically, Flux sources its inventory from automotive retailers, but has now opened its doors to individual car owners, allowing them to host and subscribe out their cars to over 4,000 Flux members.
As a host on Flux, you can enjoy the many benefits of listing your car, such as:
COVERING YOUR MONTHLY EXPENSES
Are you servicing a loan and sending your car for periodic maintenance while hardly being able to enjoy it yourself? Offset some of that expenditure by enjoying monthly earnings with our service.
EARN AN INCOME WITHOUT ANY EFFORT
When you host your car on Flux, our Concierge team manages everything. Not only do we handle insurance and road tax renewals, we’ve got you covered for servicing as well. Flux will pick up and deliver your car to the service centre. Just sit back, relax and enjoy the recurring revenue.
SELL YOUR CAR FOR THE RIGHT PRICE
Trade-in and resale prices for used cars are currently depressed. Don’t bite the bullet and incur losses on your investment. With a little patience, you could make some money with Flux and sell your car at the right time for the right price.
PREVENT THE NEGATIVE EFFECTS OF UNDERUSE
Cars that don’t get driven often enough start to develop problems. Dead batteries, tyres with flat spots, drying out of rubber components and even pest infestations are just some of the issues that could plague your idle car. Keep your car moving safely with Flux!
HOW TO HOST ON FLUX
LIST YOUR CAR ON FLUX
Reach out to us either via the “Become A Host” portal on driveflux.com or via our Customer Service touchpoints. We will then schedule an appointment to inspect your car and take you through the process, including a detailed explanation of your unique monthly earnings.
SIT BACK AND AWAIT A RESERVATION
Once all the details specific to your car are agreed upon, we photograph and upload your car to our platform. Once your car gets a reservation, Flux will coordinate with you for the most convenient collection date from a location of your choosing by our Concierge.
YOU’RE COVERED, RAIN OR SHINE
Rest assured that Flux’s insurance panel specifically protects your car while under our subscription-type service. We do things by the book with established partners so that your car is adequately covered while it is on the road.
KEEPING AN EYE ON YOUR WHEELS
While your car is being driven, Flux monitors the status of your car and its occupants with onboard telematics. Protection of your asset is our utmost priority, alongside creating a safe and positive experience for our members.
SHOW ME THE MONEY
Flux’s payment management system automatically pays out your monthly earnings to a bank account of your choosing. Everything is seamless, done online and you get paid on time.
You can stand to earn up to the following figures for popular cars on Flux every month:
|MONTH- TO-MONTH||12 MONTHS||24 MONTHS||36 MONTHS|
HONDA CITY S
|RM 1,469||RM 1,183||RM 1,020||RM 938|
|RM 3,276||RM 2,639||RM 2,275||RM 2,093|
|RM 1,633||RM 1,357||RM 1,093||RM 998|
|RM 4,500||RM 3,625||RM 3,125||RM 2,875|
BMW 3 SERIES
|RM 5,848||RM 4,398||RM 3,797||RM 3,488|
|RM 9,000||RM 7,250||RM 6,250||RM 5,750|
Want to know how much your car could help you earn? Contact Flux Customer Service at 03 6411 5611 or email@example.com to get an estimate.
A NOTE FROM THE CEO
“The past 18 months have been tough on everyone. That’s why we must all do our part to help our community. At Flux, we wanted to offer a way Malaysians can bolster their income without requiring much effort. Whilst other car-sharing services focus on short-term rentals which require you to manage each and every trip, Flux helps turn your car into a long-term money maker without costing you any time or effort.” said Aziz Ayman, Founder & CEO of Flux.