Our partner, Letchworth Motor Auctions - is your go-to destination for buying and selling used Cars and LCVs. They provide expert guidance for buyers and sellers, ensuring a seamless process with complete confidence.

They are based in Letchworth, Hertfordshire, just off junction 9 and 9A of the A1M. They hold online and physical car and van auctions every Tuesday and Thursday from 6:30 p.m. Whether you're a motor trade group or sole trader, their doors are open to meet your specific needs.

For motor dealers looking to streamline their inventory, they offer bespoke solutions tailored to your specific requirements.

Letchworth Stock Van

Why use V12 Vehicle Finance to fund your stock purchases at Letchworth Motor Auctions?

We have integrated our Stock Funding technology to enable dealers to smoothly purchase vehicles at 100% of the hammer price from Letchworth Motor Auctions with no cash outlay.

This helps to give dealers more freedom with their cash flow, and allows them to invest in growing their businesses.

Stock Funding Validation Terms

Not sure if your dealership is eligible for our stock funding product?

Take a look at our validation terms and see if you can start funding and selling more vehicles with V12 Vehicle Finance.

Want to know more about V12VF Stock Funding?

Register your interest for a V12 Vehicle Finance Stock Funding account

Explain more about Stock Funding with V12 Vehicle Finance

  • A single-funded value ceiling of £65,000 means you can get the stock you want on your forecourt
  • Up to 120 days financing, easing the burden on your cashflow
  • Simple payment – One single monthly Direct Debit for fees and interest charges. Simple payments with maximum transparency
  • 100% Funding – 100% of hammer price on cars and LCVs plus auction and delivery fees (including auction and refurbishment fees)
  • V12 Vehicle Finance portal – Stock funding platform that provides flexible stocking options

How do I get started?

  1. Complete our form to register your interest for a stock funding facility here
  2. Our Dedicated Account Managers will be in contact with you to discuss your requirements
  3. Funding will be confirmed (subject to approval) by our Dealer Support Team
  4. Purchase your vehicles at a Letchworth Motor Auctions auction, quote your V12 Vehicle Finance account number and we’ll pay the invoice price to Letchworth Motor Auctions – Purchase of vehicles can be at the cash desk or via website

What are the requirements to open a stock funding account?

  • VAT registered dealer in the UK
  • Physical premises where customers can view cars/vans for sale
  • Operating for at least 12 months and have filed accounts
Brochure

Download our Stock Funding brochure 

Discover how V12 Vehicle Finance can make funding easier and help you sell more vehicles.