SVA teams up with V12 Vehicle Finance to support trade buyer activity

Shoreham Vehicle Auctions (SVA) has teamed up with V12 Vehicle Finance, powered by Secure Trust Bank, to provide trade buyers with a seamless used vehicle proposition for wholesale funding.

The move enables SVA to help buyers to source, fund and finance vehicles faster, and more efficiently than ever before.

Providing wholesale stock funding to SVA buyers, V12 Vehicle Finance’s unique 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 plans and £65,000 for franchised dealer plans means buyers can get the stock they want on the forecourt with up to 120 days financing to ease the burden on cashflow.

All account set up and management is online and one monthly direct debit covers all purchases.

Alex Wright (pictured), managing director of SVA said, “We have been closely following the V12 Vehicle Finance journey to date and their financing proposition aligns with our philosophy of keeping business simple, straightforward and transparent.

“We look forward to realising the true potential of V12’s wholesale funding to ensure our buyers optimise their business operations in what is a buoyant, yet ever changing, market right now.”

David Mercer, managing director at V12 Vehicle Finance, said, “This is another exciting partnership for us following several other recent auction partnerships.

“This partnership continues to position us at the heart of the used car industry, furthering our philosophy of collaboration with industry stakeholders. We very much look forward to working with SVA in providing their buyer base with a streamlined, ‘one stop’ finance solution.”

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