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SgCarMart Connect - Singapores Largest Car Portal is Changing the Way Singaporean Buys & Sells Cars sgCarMart

Connect bills itself as Singapore s first one-stop online auto transac tion partner for your car needs. Singapore, November 20, 2012 -- Buying a car from a private seller instead of a dealer often means that the buyer has to arrange for financing himself. In addit ion, he has to incur the hassle of sourcing for multiple motor insurance quotes,c ar loansand settling the legal ownership transfer of the vehicle himself. sgCarMart Connect has partnered with sgCarMart to launch a revolutionary suite o f free services for direct buyers and sellers of used cars. sgCarMart Connect wi ll provide direct car sellers and buyers an end to end direct solution to transa ct their car directly online including assisted online listing, vehicle mechanic al inspection, sourcing for multiple insurance quotations, sourcing for multiple financing quotations and legal transfer of the vehicle ownership. As high COEs prices continue to take a central stage in Singapore, sgCarMart.com - Singapore s largest online car portal saw a 112 percent surge in direct owner listings as more sellers choose to cut cost by selling directly to another cons umer. Officially launched in March 2012, sgCarMart Connect has already processed over $8 million inauto loans. For the 1st time in Singapores automotive history do consu mers have a VIP Concierge service that gives them a cash rebate of up to $4,500 just to provide them a hassle free experience of buying and selling a car direct ly with another consumer. It is like having a chauffeur who pays you to let him drive you around. said Fu Jijin, founder of sgCarMart Connect. sgCarMart Connect partners with 8 leading financial partners and more than 5 ins urance companies to provide consumers the best rates in Singapore. We also help consumers to perform the vehicle transfer of ownership with the Land Transport A uthority (LTA) on their behalf and provide the necessary documentation for vehic le handover. MOVING FORWARD sgCarMart Connect is also the first company in the region that plans to offer a consolidated interface to help car owners to manage the entire life cycle of own ing a car from tracking of monthly loan installments, multiple quote submission for annualcar insurancerenewals, finding suitable vendors for car servicing, repai rs and modifications. We also provide instant car valuation and car auction faci lities. The soon to be launched is sgCarMart Connect s flagship platform - Car Nexus 3.0 is the combined force of 3 systems, namely, 1."Financial Nexus" - Provides regular updates on your outstandingcar loan, insta llment payment and refinancing options. Also provides competitive multiple insur ance quotes 1 month prior to insurance renewals. 2."Maintenance Nexus"- Provides you location detection services on the nearest c ar repair and servicing workshops nearest to your location. Provides promotional rates to annual car inspection and evaluation services. Provides you informatio n and recommendations on car modification and enhancement. 3."VIP Concierge Nexus" - Life Long VIP Concierge service for car valuation, Ass isted Insurance Renewals, Auctioning facilities. sgCarMart Connect is also the exclusive finance partner of sgCarMart. sgCarMart is Singapores No.1 Car Portal for 7 years running (Hitwise). sgCarMart has a traf fic monopoly of over 95% of market share in terms of visits and page views versu

s our competitiors in Hitwise Top 30. This translate into 2.2 million visitors, 36 million page views monthly with 99% of all car listings in Singapore listed o n sgCarMart. We have also been featured on Yahoo News, Lian He Wan Bao, Business Times and ma ny more. Contact: Joel Fu SCMC Pte Ltd 58 Paya Lebar Crescent Singapore 536133 6744 3540 joelfu@sgcarmart.com http://www.sgcarmart.com

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