Glasgow-based LeaseFetcher aims to revolutionise car leasing comparison
LeaseFetcher – a startup aiming to revolutionise the way individuals and businesses research, negotiate and buy vehicle leases – founded by University of Strathclyde graduate Will Craig in 2017 launches to the public today.
Its story started two years ago when Craig was attempting to lease a car for his business. He found you could compare hundreds of utility packages, broadband deals and phone contracts but struggled to adequately research cars, leases and brokers on the leasing marketplaces that already existed.
Craig began thinking about how he could use technology to improve his research and help him make smarter buying decisions. The result was LeaseFetcher.
LeaseFetcher works by automatically collecting millions of leasing prices from leading UK leasing brokers. Then it allows consumers to search, filter and compare prices on the platform.
By bringing millions of potential deals into one place, consumers can compare what the market has to offer without having to contact dozens of different sales departments individually. This improves each consumer’s research and leads to better, more informed buying decisions.
LeaseFetcher puts control in users’ hands, allowing them to search and compare cars (make, model, size, body style, doors, seats, fuel, economy, rating, etc), leasing terms (initial rental, monthly cost, length, total cost, etc.) and broker (location, rating, etc.).
LeaseFetcher is the latest addition to a booming vehicle leasing industry.
Last year (H1 2017), there were a total of 287,683 vehicles on contract in the UK, an increase of 10% from end 2016. As more personal consumers move from buying to leasing, this figure is expected to rise.
Support from Scottish Enterprise
Throughout its development, LeaseFetcher has enjoyed support from Scotland’s economic development agency, Scottish Enterprise, and received a grant to help bring an MVP to market in 2017.
“We were lucky enough to receive a grant from Scottish Enterprise in August 2017,” says 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.”
About Lease Fetcher
LeaseFetcher is an automotive/fintech startup based in Glasgow. It automatically collects millions of prices from leading leasing brokers and allows users to search, filter and compare prices to find the offer that’s best for them.
The pandemic has taught me how to share more – and I feel a better leader for it
As a young professional starting out in the tech sector 30 years ago, I thrived on the fast pace,constant change and demanding workload. I lived in London, Singapore and Australia…
We need to shout about our successes. Liz Fletcher on celebrating women in biotech
Throughout my career in biotechnology and life sciences, I have seen many women leading ground-breaking research studies in their fields of expertise. Yet, and I include myself in this, we…
Getting the best out of patient data is key to unlocking future health benefits in Scotland
It is important that clinicians’ voices are heard in the consultation around Scotland’s new health and care data strategy, which closes this week (12 August). Busy GPs like myself are the trusted…
How motherhood helped me be a better leader
Consider this an open letter to anyone I have worked with before I became a mother and before I fully understood how being a parent is actually a prized asset…
‘We cannot achieve our goals without entrepreneurs’ – Kate Forbes on vision for new ‘tech scaler’ network
From the very start of my ministerial career, I have had responsibility for the Scottish tech sector – and I can still say what I have said from the start,…
Finding a role in cyber was ‘tough’ for Cheryl Torano. Now she’s determined to help other women join an under-represented industry
When I decided to upskill to change careers at the age of 30 and dive into the digital world, I knew I would be starting out at the bottom of…
Why innovation and marketing are the perfect partners to make changes that matter￼
With the rapid evolution of traditional marketing and the appearance of digital marketing, technology and innovation has become part of any marketer’s life without the need of working for a…
Transitioning to a four-day week – CEO’s vow to strike a healthier balance in the workplace
I came to Scotland nearly 20 years ago from Ireland, with no contacts but a lot of determination. While Ireland will always be my home, Scotland has given me amazing…