Like all good ideas, the one for Bumper came to co-founder James Jackson to solve a specific need he had – namely how to avoid the punch of unexpected repair bills for his old Volkswagen Polo.
Now the British company, which was set up in 2013 as Auto Service Finance, is flush from a $12 million (£8.8m) investment round in which both the venture capital arms of Jaguar Land Rover and Porsche sunk significant amounts, giving them a “meaningful percentage” in the company, according to co-founder Jack Allman.
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I also want to add that there are a lot of cars that have been damaged and when people see a check with four 0 or even more they forget about them and they are just lying on our earth with nothing to do. After I started to think of how they can do it I got into a similar situation and I solved it by one service and got some money from them and asked my parents to help me and I fixed my new Porsche and I am able right now to drive it.
Reads like an advert.
Story makes it clear the customer pays no interest. Unlike if you buy a new car on finance (which most of the UK does)