Aston Barclay has launched their new wholesale stock funding proposition for their purchasing community as the last portion of their online remarketing changes.
Part of a new business partnership with Secure Trust Bank and its new V12 Vehicle Finance brand, it enables buyers to fund stock as part of its strategy of connecting customers to cars.
It completes Aston Barclay’s ‘three-click transaction’ vision of buyers digitally searching, bidding on and funding their used vehicle stock via their Buyer’s App or desk top, fulfilling Aston Barclay’s aim of revolutionising remarketing through digitisation.
Branded as Aston Barclay Stock Funding, powered by Secure Trust Bank, it provides a class-leading wholesale funding proposition.
The whole of the purchase invoice can be funded including buyer, online and transport fees, smart repair through Aston Barclay Enhanced up to £1,000, and Aston Barclay Assured.
A major cashflow boost for van buyers is that VAT is included in the stock funding arrangement which is a major differentiator compared with other products, while VAT is not payable on funding fees. All account set up and management is online and one monthly direct debit covers all purchases.
The partnership will also see Aston Barclay providing V12 Vehicle Finance dealers with a range of remarketing services to help maximise value and returns for dealers, at all stages of the used vehicle life cycle.
This includes the e-Valuate vehicle appraisal tool which enables dealers to inspect a used vehicle, generate a market valuation and then underwrite the part exchange through The Car Buying Group, part of the Aston Barclay family.
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