V12 Vehicle Finance has partnered with vehicle auction house City Auction Group to launch a used vehicle finance proposition.

The partnership aims to help dealers source, fund and finance vehicles more efficiently than before. V12VF’s solutions provide 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.

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Through the auction group’s network of physical and digital channels, including City’s new app, the partnership also aims to enable dealers to quickly locate stock.

David Mercer, managing director of V12 Vehicle Finance, 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.”

Michael Tomalin, chief executive of City Auction Group, added: “We’re delighted to be working in close partnership with V12 Vehicle Finance to improve and streamline our business processes.

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“Spanning strategic solutions and communication to expert delivery, we’ve been thoroughly impressed with V12 Vehicle Finance. The superb team has worked tirelessly to understand our ambition and provide forward-thinking financial solutions to suit our customers’ needs. We can’t wait to continue our journey.”

“The game-changing 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.”