Auto Finance News

Leasing.com supports switch from ownership to usership in partnership with Wizzle

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Drivers who want to move from vehicle ownership to leasing are being supported by a new service from quote comparison site Leasing.com and online car selling platform Wizzle.

Drivers browsing the Leasing.com website can get a valuation and sell their current car completely online during the lease car quotation process.

Owners vehicles are advertised to Wizzle’s network of thousands of motor dealers and online buying companies in the UK.

The current average value of a car sold via Wizzle is £9,355 and the average age seven years.

Paul Harrison, head of strategic partnerships at Leasing.com, said: “Getting a fair valuation and part-exchange price for their current vehicle is a concern for many consumers and this new partnership puts them in the driving seat.

“After receiving a valuation on their current vehicle, consumers enter their preferred selling price and offer their vehicle to Wizzle’s network of partners. Only if the consumer receives an offer they are satisfied with do they proceed to a sale. [We]… believe the service will help get consumers into their new, leased car quicker and easier.”

Launched in 2000, Leasing.com is the UK’s largest online marketplace for car and van leasing deals. It advertises more than four million car and van leasing deals from hundreds of UK main dealers and independent brokers.

Sebastian Duval, Wizzle chief executive officer, said: “By offering Leasing.com users access to our large network of car buying partners and our valuations technology, we will help drivers to confidently dispose of their existing car and get into their new leased car more quickly.”