Following a successful trial last year, Capital Bank Motor has launched its approved car scheme.

The programme will help dealers source ex-fleet vehicles from Bank of Scotland Vehicle Finance and Lex, the fleet operator for Capital’s parent, HBOS Group.

Previously cars were sold via auction, but many were being bought by Capital Bank’s dealer clients. The new scheme enables Capital Bank to go direct – dealers view and purchase online – and gives it the chance to provide the funds via its Wholesale Plus scheme.

All vehicles come with free delivery and no indemnity fees. Capital Bank fixes a non-negotiable price.

Paul McGill, senior director at Capital Bank, says: “The approved car scheme lets dealers select exclusive vehicles which have been screened through a rigorous set of criteria, allowing people to buy with confidence.”

Every vehicle undergoes a 57-point mechanical check and is supplied with a full service history, V5 and MoT.

Capital Bank Motor works with more than 3,000 dealers and provides over £300m of stock funding annually.