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Central Car Auctions signs with V12 Vehicle Finance

Dealers buying cars at Central Car Auctions in Scotland can now get help with funding from V12 Vehicle Finance.

Central Car Auctions, based in Glasgow, bills itself as Scotland’s largest independently owned vehicle auction centre. Founded in 1960, the group now auctions over 2,000 vehicles each week.

Providing wholesale stock funding to Central Car Auction buyers, V12VF also provides dealers with funding for 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 our franchised dealer plan means your 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.

Managing Director of V12 Vehicle Finance, David Mercer (pictured), said: “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. 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!”

Managing Director of Central Car Auctions, Jason Miller, said: “We’re delighted to be partnering with V12 Vehicle Finance and hope this will prove to be a valuable service for our customers.”

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