SHIMFA AUTO SDN. BHD. – is the repossessed store yard specialist formed by Mr. Leong Kim Sing and Mr. Leong King Chai in year of November 1991 and is led by them with a group of experienced s tore yard workers. Auction services was established on 2007. We are the pioneer store operator in this region to provide warehouse or store yard, auction and towing services for banks in respect of
chattels or vehicles repossessed by the banks and other related services.
We have been appointed by a leading finance company / bank to dispose of their repossessed vehicles by public auction and to date we have sold a few thousand units of vehicles. At a remarkable disposal rate of 75% to 90%, we have established ourselves to be a major player in this industry. Units put up for auctions have been inspected by PUSPAKOM and are in clean condition and stored under shade for viewers. Tie-up with PUSPAKOM officers to conduct inspections of all vehicles due for Auction at all store yard itself where hydraulic jacks and inspection bay facilities are installed. We also liaise with JPJ for vehicles’ search for vehicles due for Auction.
PUBLIC AUCTION will be conducted every Sunday, either on the 1st, 2nd, 3rd or 4th week of the month at the request of the bank. With our computerized system, we are able to print the auction contract for the successful bidders and auction results for finance companies / banks immediately after the auction. Fast and efficient service, which is our forte, has attracted bidders from neighboring states to participate in our public auction. We also provide additional services at the request of banks / bidders. The services are towing and JPJ transactions (application for duplicate Registration Cards on behalf of successful bidders). Our proven track record over the years has been well recognized not only by finance companies and banks but also by bidders and individuals who have direct or indirect dealings with us.
Since our incorporation, we have earned the trust and credibility of customers, both the buyers and sellers in the asset realization and disposal of their chattels or repossessed vehicles. We are looking forward to new business partners especially finance companies and bankers (dealing in hire purchase, leasing etc), used cars’ dealers and any companies or government agencies who are interested in disposing assets in bulk by auctions. To speak to our executives and officers, kindly contact us!