12 days of start-ups: Tootle
The online platform for the second hand car market
Founders: Al Taylor and Mike Bishop
Launched: September 2015
Consumers have had limited options in the used car market until recently, being confined to low risk but poor price dealers or higher value, but higher risk private sales.
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After losing £36,000 between them at the hands of crooks and dodgy dealers, Al Taylor and Mike Bishop decided the private car market was crying out for a more consumer-focused experience. Tootle’s online platform helps people buy or sell their used cars, with no haggling, safe money transfers and every car approved by an independent mechanic. The business takes a fee from the seller on completion of the sale depending on the price of the car.
Over 100 people have used the Tootle since launch a few months ago, turning over a total of £250,000, and the platform claims to be getting more than 300 enquiries a week. It’s early days for the company, but consumers are clearly responding to a safer way of doing things that puts the power, and cash, back in their hands. Backed by £1.65m of investment, 2016 is set to be the year Tootle takes off.