TO make ends meet, some bus and van operators have resorted to selling their assets. Despite having to settle for less in price, they had to let go of their vehicles to sustain themselves through the Covid-19 pandemic. School bus and van operator Hussin Karam Din, 49, who has been in the business for over 18 years, said he had to sell four of his vans in just eight months. "It was not easy as I spent years acquiring the vehicles. "Giving them up was painful but necessary. "I sold the first van in April last year and three others over the following months. "The last one was in December last year. And I may have to sell more vehicles if the situation does not improve soon, " he said. Hussin had to settle for a price that was 40% to 50% lower than the market value. "I sold the vans for between RM8,000 and RM16,000. "I have had to sell four of my vans in just eight months at 40% to 50% below the market value." – Hussin Karam Din "The actual price was about twice what I was offered, " he said. Hussin currently has four buses and… Read full this story
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