Cazoo has launched today, with the aim of delivering better selection, value, convenience and quality to used cars buyers across the UK.
The website is the latest venture from Alex Chesterman, who previously founded LoveFilm and Zoopla.
He hopes to transform how 8 million used cars are bought each year by putting the entire process online and offering home delivery, much like buying any other product today.
Cazoo has launched with more than 1,500 cars in stock, including a wide range of electric vehicles. It owns all its cars and reconditions each one at its 55-acre facility in the Midlands before offering them for sale.
Buyers can inspect 360-degree images from the comfort of their home as well as the cars features and history. Prices are fixed, so there is no haggling and customers can purchase or finance a car entirely online and have it delivered directly to their door within 72 hours.
Every car comes with a seven-day money-back guarantee, destined to replace the traditional 7-minute test-drive around the block. And if customers don’t love their car, Cazoo will collect it for free, no questions asked.
Cazoo says its cars come with total peace of mind having passed a thorough 150-point inspection and been fully reconditioned before being sold.
All cars have recent MOTs and full-service history and each Cazoo car also comes with seven days free insurance and a free 90-day warranty and RAC roadside assistance.
Cazoo offers all standard forms of car financing as well as collecting any part exchanges at the time of delivery for added convenience.
Alex Chesterman, founder & CEO of Cazoo said: “Used cars are one of the last remaining consumer markets yet to benefit from any digital transformation.
“Cazoo makes used car buying simple and convenient like buying any other product online today. We take away the need to travel, to haggle, to spend countless hours at a dealership and to risk any buyer’s remorse.
“With Cazoo, you can purchase or finance a used car entirely online, have it delivered to your door in as little as 72 hours and have 7 days to make sure it fits your lifestyle. And if you don’t love your Cazoo car, we’ll come and collect it for free.”
Cazoo has also announced a further £25m of funding today, taking the total raised since being founded one year ago to over £80m and making it one of the UK’s best funded new businesses ever.
Investors in this latest funding round include leading venture capital firms General Catalyst and Mubadala Capital and the additional funds will be used to grow the team and further invest in marketing and operations