Independent trade car auction site Auction4Cars.com is adding V12 Vehicle Finance to offer more financing options to dealers purchasing stock through the platform.
Auction4Cars.com, which is owned by Motorpoint, now offers stock funding integrations from both V12 Vehicle Finance and NextGear and as part of the new partnership, the online set-up process for dealers with an existing V12 account will help simplify activating their new account.
The news follows a period of transformation for Auction4Cars.com with the opening of new sites in Burnley and Peterborough and the launch of a new customer dashboard allowing dealers to keep track of auctions and any actions required on their accounts.
Abigail McCabe, Auction4Cars.com business development & marketing manager, said: “Over the last 12 months, we’ve been working to improve the Auction4Cars.com platform to ensure that customers have the best possible experience when buying from us – and have a lot more exciting things coming soon.
“A big part of our work-to-date has been speaking with dealers to understand what they want when it comes to sourcing, buying and funding vehicles.
“With this in mind, we’re delighted to announce our partnership with V12 Vehicle Finance and our ability to offer more flexibility and stock funding options.”
Tamara Brown, head of partnerships at V12 Vehicle Finance, added: “Now dealers can bid, buy and fund 100% of the hammer price plus fees with V12 Vehicle Finance all within the Auction4Cars.com platform.
“The site’s low buying fees and easy bidding platform make it a great option for dealers looking to fill their forecourts – not to mention that our new finance integration makes stock funding on the platform really fast and simple.”
To mark the partnership, V12 Vehicle Finance is offering new dealers their first five loading fees for free – equivalent to saving up to £495.
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- Source: https://www.am-online.com/news/finance/2023/08/16/auction4carscom-strikes-partnership-with-new-funding-provider-v12
