V12 Vehicle Finance’s option to buy used car and van stock has been integrated into epyx’s 1link Trade Buyer.
Buyers will able to link their existing V12VF account or apply for stock funding with the finance house. When they want to purchase, they can add the vehicle to their facility as part of the platform’s normal online process and receive instant confirmation.
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1link Trade Buyers is used by over 3,500 franchise and independent vehicle retailers to buy stock from a number of major fleets including leading car and van leasing companies.
A soft launch to test the V12VF finance facility with a selected number of dealers has now been completed and the integration has been made available to all users, with the option of stock funding proving to be popular, according to Debbie Fox, commercial director at epyx.
The whole ethos of 1link Trade Buyer is to make it is as easy as possible for dealers to find and acquire the stock that they need to make their business a success. Adding an integrated funding option builds on this approach.
“We have chosen to work with V12VF thanks to their track record in the sector and because we believe that they share an overall corporate approach with epyx in terms of offering customers fast, effective, well-priced online products and services,” said Fox. “This is also part of a general digitalisation strategy that we have been pursuing in the wake of the pandemic, bringing added value to our platforms for dealers and other users.”
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By GlobalDataDavid Nield, managing director at V12VF, added: “This partnership is an excellent way for 1link Trade Buyer users to be able to search for, buy and fund the vehicles they want to retail through a fast and effective online process.
“The relative speed and ease with which we were able to integrate our systems with epyx shows how alike our two companies are in terms of our commitment to creating seamless technological processes that make life simpler for dealers.
“Since our launch in 2019, we have seen rapid growth by being very careful in choosing the companies with which we partner and we believe that this new collaboration will prove to be a valuable new addition to the channels through which we work.”
Earlier this month V12 partnered with vehicle auction platform Car Auction Search, providing its users with a stock funding plan.
