Within this series we aim to highlight and discuss the topical issues impacting on the vehicle remarketing industry, supporting our overriding philosophy of 'helping dealers sell more used vehicles more often'.
Firstly, I would like to thank everyone - especially the V12 Vehicle Finance team - for their support in helping to make V12 Vehicle Finance a reality. As you would imagine, we have been very busy behind the scenes for many months ‐ developing the brand, creating our solutions portfolio and building the financial modelling ‐ to ensure V12 VF offers the most comprehensive and competitive vehicle finance and remarketing proposition within the market.
Based on Secure Trust Bank's 11‐year heritage in motor finance our powerful new business has the financial backing and stability to make our pricing, products and services work effectively for customers.
Our focus is to help dealers grow their businesses with a range of wholesale and retail finance products. We will be sympathetic to their needs in the market place and not freeze them out of the retail sale like some other finance providers.
We know dealers' biggest challenges are sourcing and buying used stock, whilst retaining a healthy cashflow to keep their forecourts full of quality vehicles.
Securing a strategic partnership with Aston Barclay - one of the UK's leading auction operators, with an array of physical and digital fulfilment solutions - provides us with the infrastructure and expertise to bring something truly unique to market to help dealers 'sell more used vehicles, more often'.
Our auction Stock Funding facility enables dealers to source and fund used cars and vans via physical and digital auctions. Later in 2019 we will launch our Forecourt and Trade Stocking Funding which gives flexibility to fund owned forecourt stock, part exchanges and vehicles purchased from other auctions.
All our finance and remarketing solutions include vans with dealers able to fund the 20% VAT through their Stock Funding facility when sourcing stock at auction.
We have teamed up with our sister company V12 Retail Finance to launch Service Assist which enables dealers to remove the financial pressure drivers can experience when faced with servicing or unplanned replacement parts or repair costs.
V12 Service Assist is also a powerful customer loyalty and retention tool enabling drivers to fund any desired dealer‐fit accessories to meet their lifestyle choices, all on 0% interest.
We look forward to welcoming dealers onboard and supporting used car dealers every step of the way.