V12 Vehicle Finance has partnered with Scotland’s largest independent vehicle auction centre Central Car Auctions.

By partnering with V12 Vehicle Finance, Central Car Auctions will be able to help buyers to faster source, fund and finance vehicles.

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Providing wholesale stock funding to Central Car Auction buyers, V12’s proposition also provides dealers with benefits such as refurbishment costs up to £1,000, 100% of the hammer price including auction fees, delivery charges and fully funded VAT on commercial vehicles.

Independent and franchise dealer plans are available. A single-funded value ceiling of £50,000 for independent dealer plan and £65,000 for V12’s franchised dealer plan means buyers can get the stock they want on their forecourt with up to 120 days financing to ease the burden on cash flow.

Central Car Auctions is the fourth auction company with whom V12 Vehicle Finance has partnered with – the others being Aston Barclay, City Auction Group and Wilsons Auctions.

David Mercer, managing director of V12 Vehicle Finance, commented: “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.

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“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!”

Jason Miller, managing director of Central Car Auctions, added: “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.”