She saw the gap in the market and leasing of used cars, created her strategy and managed to take the lead. Following a different model from the one applied by the leasing market with new cars, the startup Spotawheel rents used cars, in excellent condition and after all the necessary checks have been carried out.
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It pays great attention to the quality of its vehicles, making sure they are like new. And that’s why it checks more than 300,000 used cars a year and 1 in 10 pass the strict standards.
The company gives the prospective buyer, through the innovative platform it has created, the possibility to choose for purchase or leasing the car they want and deliver it to them in any part of the country they choose. At the same time, it gives the possibility of a refund within 7 days of the purchase of the car and a 5-year warranty – the longest used car warranty in Europe.
“Unchanging Vision, Market Leadership”
“Spotawheel’s vision is to provide high quality used vehicles in the easiest and most transparent way for everyone. Thousands of people have trusted Spotawheel to date, choosing to buy, finance and lease their next used car through the Spotawheel GO service. As a team we saw early on the huge gap in the used car market, both in terms of trust and transparency and in terms of the financing solutions on offer. 7 years now, our vision remains unchanged, now having a leading position in the markets in which we operate”, notes the co-founder and CEO of Spotawheel, Haris Arvanitis, to the “Economic Post”.
What motivated him to found the company? “Innovation usually arises as a response to real problems that we all face. This is how our own journey came about, from a personal encounter with the problematic area of used cars. Spotawheel’s values are transparency and innovation in the way we approach any challenges, always with a seamless customer experience in mind. These values have kept us at the top of consumer preferences for years now, and with them we intend to move into the future,” he says.
He steps on the gas for Europe
What are the future plans? “At the moment we are in 3 countries, Greece, Poland and Romania, while we offer buying, selling, financing and operating leasing services for thousands of certified used cars on a monthly basis. In our plans are both the expansion into new European markets, as well as the creation of more and more flexible financial products in order to offer solutions to the needs of even more consumers”, he says.
“Thriving ecosystem, let’s support it further”
“The startup ecosystem in Greece is quite healthy and thriving, with fantastic founders and visionary investors who are actively supporting it. Great leaps have been made in recent years, the next step is to be able as a country to further support companies that are in the phase of development and expansion, so that really large innovative companies that will have a global footprint are created”, he emphasizes regarding the prospects of the technological ecosystem in our country.
Journey into uncharted waters with “compasses” of perseverance and adaptability
Is it worth the risk of creating a startup? “The difference between a startup and classic entrepreneurship lies in the fact that usually there is no proven solution to a specific problem, it is like a journey in uncharted waters. In this journey, perseverance and adaptability are important, it is a marathon with many defeats but also victories, which slowly bring us closer and closer to the final goal”, he concludes.