V12 Vehicle has signed two stock funding partnerships with Eastbourne Car Auctions and CD Auction Group.

The arrival of Eastbourne Car Auctions and CD Auction Group totals eight stock funding partnerships for V12VF, with a view to sign more partnerships later this year.

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Formed in 1989, CD Auction Group has over 30 years’ experience remarketing and managing vehicles for many of the UK’s dealerships. Based in Corby, the auction house operates solely online.

Eastbourne Car Auctions is an independent vehicle auction company based in East Sussex which was established in 1967. The firm sells over 10,000 cars and vans every year for southern-based franchised dealers and companies through both traditional attended sales and online via Livebid, Timed or Buy it Now.

A partnership with V12VF is designed to help dealers access the right financial plan to help fund, source and buy used vehicles for their forecourt at auction.

Independent dealers can access a single-funded value ceiling of £50,000 and franchised dealers can access up to £65,000 with 100% of the hammer price on cars and LCVs plus auction and delivery fees.

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David Nield, managing director at V12VF, said: “At V12VF, we work with a range of business partners to support our aim of helping dealers to sell more vehicles, more often and we’re delighted to be welcoming Eastbourne Car Auctions and CD Auction Group to our growing list of stock funding partners.

“As with everything we do at V12VF, our options are designed with dealers front-of-mind. Our goal is to ease the burden of cash flow with 120 day financing, create simple payments with maximum transparency, and operate via a simple portal that provides flexible stocking options quickly and easily so that dealers never miss out on a great deal.”

The partnerships follow the launch of V12VF’s Prime HP offering earlier this year, following a successful trial of the product last year.