CD Auction Group broadens stock options

CD Auction Group has expanded its panel of lenders by adding V12 Vehicle Finance to Next Gear Capital and Ratesetter dealer finance.

V12 Vehicle Finance offers independent, and franchise dealer plans with a single-funded value ceiling of £50,000 for the independent dealer plan and £65,000 for franchised dealers. The plans come with up to 120 days of financing and one single monthly payment. Funding is available on 100% of the hammer price on cars and LCVs, including auction and refurbishment fees.

Andy Pearce, managing director of CD Auction Group, said: “We are focused on helping dealers meet their stocking requirements. In recent weeks we’ve launched a dealer-to-dealer trade platform, logistics app and now enhanced our stock funding solution. Our focus on adding value to our service, coupled with a strong market, has led to record trading in terms of volumes and new dealers buying from us for the first time.”