Vehicle auction platform Car Auction Search has partnered with V12 Vehicle Finance, who will now sponsor the new vehicle auction platform.
As part of the partnership, V12 Vehicle Finance will provide its users with a stock funding plan, helping buyers to source, fund and finance vehicles. There is a single-funded value ceiling of £50,000 for independent dealers, and £65,000 for franchised dealer plans.
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“The platform is a very powerful way for us to engage with franchised and independent dealers as they visit the Car Auction Search platform to search for replacement used stock,” said Tamara Brown, head of partnerships at V12 Vehicle Finance.
“We already have good relationships in place with the four auctions that have been involved in launching the platform; Wilsons Auctions, Shoreham Vehicle Auctions, Central Car Auctions and The Fleet Auction Group and recognise the power of having multiple auction site stock all on a single website,” she added.
Car Auction Search sells stock to both UK and global buyers, with a range of vehicles including cars, vans, trucks, motorcycles and wheelchair accessible vehicles (WAVs).
Buyers can use the website’s search facility to locate the vehicle or item they require, click on it, and get taken straight to the auction where it is being sold.
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By GlobalDataAndrew Walker, chief executive of The Fleet Auction Group said: “We look forward to working with V12 Vehicle Finance as the availability of stock funding makes it easier for dealers to buy vehicles from auction.”
Earlier this year, V12 Finance also announced partnerships with Eastbourne Car Auctions and CD Auction Group.
