Click Dealer partners with V12 to add financing to online platform

V12 Vehicle Finance has announced a new partnership with Click Dealer that will extend the performance partners’ offering to dealers.

The Click Dealer platform will now allow dealers to manage their used vehicle sourcing as well as wholesale stock funding or consumer finance provision.

Also, a new ClickStock used vehicle portal has been developed to offer dealers access to used vehicles for sale from independent auction companies.

Dealers can source vehicles at all participating auctions, with pre‐sale and buy‐now stock, visible to bid on at all times.

Once the vehicle sits within the Click Dealer platform, dealers can upload wholesale stock directly into their own website for sale to consumers supported by imagery and detailed descriptions.

Each time a dealer buys a used vehicle via the ClickStock portal, a part exchange from a consumer or a vehicle directly from the trade, it is electronically transferred into the Click Dealer platform.

These vehicles can then be funded via V12 Vehicle Finance’s range of wholesale stock funding options.

V12’s finance options are also available to consumers, and the Click Dealer system makes the process easier for both dealer and buyer.

A dealer only has to key in the majority of customer’s details once, when applying for consumer finance (Hire Purchase) within the Click Dealer platform.

The dealer can instantly select the Near Prime funding option through sister brand Moneyway if a customer is declined for Prime.

Each finance transaction is completed electronically within minutes whether the customer is in the dealer showroom or whether they have applied online.

David Mercer, managing director of V12 Vehicle Finance, said: “Our partnership began by looking at how we could integrate Click Dealer platform processes and systems with our stock funding and consumer finance proposition.

“Our joint vision is to take friction out of all dealer processes to provide confidence and value to dealers, as well as benefit the consumer customer journey.”

Gerry Moxham, Click Dealer’s chief visionary officer added: “We have relationships with over 1,600 independent and franchised dealers and we know how their businesses work in microscopic detail.

“When we start working with a dealer the used car journey from wholesale to retail sometimes involves logging onto as many as 10 different systems which is a highly inefficient use of their time.

“This is a result of systems being developed in isolation rather than with a strategic eye on the complete dealer and end user customer journey which is where the Click Dealer and V12 Vehicle Finance are at.”