City Auction Group has partnered with V12 Vehicle Finance to offer buyers wholesale stock funding solutions, in turn supporting the group’s sales events.

City Auction Group’s partnership with V12 Vehicle Finance is intended to provide a seamless used vehicle proposition

The tie-up with V12, the automotive financial services arm of Secure Trust Bank Plc, will help dealers to source, fund and finance vehicles.

The partnership will enable dealers to quickly locate the best stock through the auction group’s network of physical and digital channels, including City Auction Group’s app. It will also enable refurbishment costs up to £1,000, 100% of the hammer price including auction fees, delivery charges and VAT on commercial vehicles to be fully funded.

The new service complements City Auction Group’s ongoing work to also support its corporate vendors with a range of latest solutions.

CEO Michael Tomalin added: “The game-changing partnership with V12 will ensure we offer a swift funding solution to our established motor industry buyer partners across the UK at competitive pricing to enable their business to develop by supporting our sale events by both physical and digital methods.”