V12 Vehicle Finance partners with Central Car Auctions

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.”