V12 Vehicle Finance sees record sales figures at third year anniversary

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V12 Car Finance (V12VF)  has reached its third yr anniversary milestone with document gross sales figures.

V12VF posted £65.4m in Inventory Funding to used automobile sellers in 2021. This whole exceeds the quantity recorded in 2020 at £12.7m.

This month, V12VF reached one other milestone when it surpassed the £150m Inventory Funding finance mark since its launch three years in the past.

Ciara Raison, V12 Car Industrial Director, stated: “Our supplier suggestions is that they actually like how we deal with them as particular person companies and may provide business options which match their enterprise model.

“The best method to sum up how we assist our sellers is that we save them cash, we make them cash, we save them time, we take away trouble and we give them peace of thoughts.

“The pandemic has compelled sellers to take a look at their fashions and repair their prospects remotely. This in flip has given prospects confidence to purchase on-line, a pattern that’s prone to improve. The timing for disruptor fashions comparable to Cinch and Cazoo has been advantageous for them in establishing their fashions.

“And eventually, there may be an acceptance of Authorities course away from fossil fuels. With the intention to win trying ahead, lenders will want to have the ability to help these modifications each by way of their expertise and tradition.

“Our programme does this. We have now constructed the potential to underpin our future development and have a longtime tradition of innovation.”

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