AM Online

V12 Vehicle Finance partners with Central Car Auctions

David Mercer, managing director at V12 Vehicle Finance

V12 Vehicle Finance has secured a new auction partnership with Central Car Auctions in a bid to provide a "seamless" used vehicle proposition.

As part of the partnership, V12 Vehicle Finance will see Central Car Auctions help buyers to source, fund and finance vehicles.

Providing wholesale stock funding to Central Car Auction buyers, V12 Vehicle Finance’s proposition also provides dealers with refurbishment costs up to £1,000, 100% of the hammer price including auction fees, delivery charges and fully funded VAT on commercial vehicles.

David Mercer, managing director at V12 Vehicle Finance, said: “Following multiple successful auction partnerships, we’re thrilled to announce that we’ve partnered with Central Car Auctions.

“Keen to drive its proposition forward, we’ll be working collaboratively to deliver a seamless technology-led used car proposition that’ll bolster Central Car Auctions’ financial offering as we move into 2021.

“This partnership is extremely important to us and cements our central position within the used car industry reinforcing our commitment to integration and collaboration. We look forward to shared success with Central Car Auctions.”

Central Car Auctions joins Aston Barclay, City Auction Group, Wilsons Auctions and Click Dealer in partnering with V12 Vehicle Finance.

Jason Miller, managing director at Central Car Auctions, said: “We’re delighted to be partnering with V12 Vehicle Finance and hope this will prove to be a valuable service for our customers.

“As one of the UK’s largest vehicle auctions, with nearly 2,000 vehicles being auctioned weekly, we are constantly striving to provide added value and we expect our partnership with V12 will do just that.

“Like Central Car Auctions, V12 have embraced technology, something that’s vital in the current climate and their financial backing speaks for itself. This is an exciting time for both V12 and Central Car Auctions.”

The latest issue of AM

In this issue - the last ever monthly AM magazine

Maserati's 'hell of a ride' - 2023 is a big year

Cybercrime increasing - recent attacks put focus on awareness and training

PHEV fever could be set to spread

Finance: salespeople must ask awkward questions

Open all hours: how do omnichannel dealers cater for customers any time, anywhere?

How to make car buying truly seamless

Choose your supplier: opening the door on the latest developments from key suppliers to automotive retailers

Read now

Click here for used car best practice and procurement insight

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Login to comment


No comments have been made yet.