A GLASGOW start-up that aims to revolutionise the way people and businesses choose and buy vehicle leases today marks its public launch.
LeaseFetcher automatically collects millions of prices from leading leasing brokers and allows users to search, filter and compare prices to find the offer that is best for them.
It was founded last year by University of Strathclyde graduate Will Craig, who had the idea two years ago when he was trying to lease a car for his business.
Craig found he could easily compare utility packages, thousands of broadband deals and millions of phone contracts, but struggled to adequately research cars, leases and brokers on the marketplaces which already existed.
He began thinking about how he could use technology to improve his research and help him make smarter buying decisions.
The result was LeaseFetcher, which works by automatically collecting millions of leasing prices from leading UK brokers. It then allows consumers to search, filter and compare prices on an intuitive and supportive platform.
Customers can compare what the market has to offer without having to contact dozens of different sales departments, which improves each consumer’s research and leads to better, more informed buying decisions.
Last year a total of 287,683 vehicles were on contract in the UK, an increase of 10 per cent from the end of 2016.
As more personal consumers move from buying to leasing, this figure is expected to rise.
“We were lucky enough to receive a grant from Scottish Enterprise in August 2017,” said Craig.
“This allowed us to accelerate development and produce a minimum viable product in around half the time it would otherwise have taken. I’m tremendously excited to bring LeaseFetcher to market and can’t wait to see how real motorists use it.”
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