Go ahead for Scots leasing site

A Glasgow-based start-up is looking to revolutionise the way that motorists compare and take out vehicle leasing deals.

Leasefetcher has been set up by University of Strathclyde graduate Will Craig after he attempted to lease a car for his business.

Hefoundthatyoucouldcompare hundreds of utility packages, broadband deals and phone contracts, yet struggle to adequately research cars, leases and brokers on the leasing marketplaces that already existed.

His venture officially launches to the public today after eight months of “solid” development.

Leasefetcher works by automatically collecting millions of leasing prices from leading UK leasing brokers. It then allows consumers and businesses to search, filter and compare prices on an “intuitive and supportive” platform.

Last year, there were almost 300,000 vehicles taken on a leasing contract in the UK, an increase of 10 per cent from a year earlier. As more personal consumers move from buying to leasing, this figure is expected to rise.

Throughout

its development, Leasefetcher has enjoyed support from economic development agency Scottish Enterprise.

Craig said: “We were lucky enough to receive a grant from Scottish Enterprise in August 2017. 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.”

The comparison site allows motorists to weigh up factors such as model, body style and economy, as well as leasing terms and broker location.