Reading Time: < 1 minute

V12 Vehicle Finance is partnering with City Auction Group, in a bid to provide a seamless used vehicle proposition.

City Auction Group has three de-fleet and remarketing centres spanning the UK and Northern Ireland and provides physical and online professional vehicle and asset remarketing solutions to major corporate clients.

Joining forces with V12VF will help dealers to source, fund and finance vehicles faster, and more efficiently.

Providing wholesale stock funding to City Auction Group’s buyers, V12VF’s solutions add key benefits such as refurbishment costs up to £1,000, 100% of the hammer price including auction fees, delivery charges and VAT on commercial vehicles can be fully funded.

The partnership will enable dealers to quickly locate the best stock through the auction group’s network of physical and digital channels, including City’s new app.

Managing Director of V12 Vehicle Finance, David Mercer, said: “Because we’re part of the Secure Trust Bank family, we have the financial backing and stability to make our pricing, products and services work in harmony with City Auction Group’s vision.

“Our customer-first culture will see us work in a collaborative partnership with City Auction Group to help drive their business to success. Our highly experienced and friendly team, with a rich background from many areas in the used vehicle industry, look forward to working with such an esteemed organisation to deliver cutting-edge financial solutions.”

City Auction Group CEO, Michael Tomalin, added: “The partnership with V12 will ensure we offer a swift funding solution to our established motor industry buyer partners across the UK at competitive pricing to enable their business to develop by supporting our sale events by both physical and digital methods”.