Stock Funding
MotoNovo - Stock Funding
We have formed a stock funding partnership with MotoNovo. Motonovo Finance have pivoted the traditional funding process. Instead of dealers paying MAG for stock and then adding each vehicle to their stocking plan to seek funding from them, MAG loads the vehicle to the dealer’s plan and MototNovo pay MAG directly.
With the new and exciting partnership, MotoNovo ease the process of acquiring a used vehicle. MotoNovo aim to reduce the cost and friction of acquiring a used car through auctions with their direct funding model. This can save you time on administration with the convenience of the vehicle being added to your Unit Stocking Facility at point of sale. You will have the reassurance that once the hammer drops, the vehicle is paid for up to 100% of the invoice price including additional invoice values, and you can simply add it to your showroom.
Find Out More About MotoNovo's Dealer Funding
V12 Vehicle Finance - Stock Funding (In partnership with Motor Auction Group)
Introducing you to our Vehicle Finance Stock Funding partnership with V12 Vehicle Finance (V12VF) through Motor Auction Group.
V12VF enables dealers to source and fund stock across our physical and online auctions helping you to sell more vehicles, more often.
Download V12VF’s Stock Funding Brochure
Explain more about Stock Funding with V12VF
- V12VF offer Independent and Franchise dealer plans, so we’ve got the perfect plan for you. A single-funded value ceiling of £50,000 for independent dealer plan and £65,000 for franchised dealer plan means you can get the stock you want on your forecourt
- Up to 120 days financing, easing the burden on your cashflow. Simple payment – One single monthly Direct Debit for fees and interest charges.
- Simple payments with maximum transparency.
- 100% Funding – 100% of hammer price on cars and LCVs plus auction and delivery fees (including auction and refurbishment fees up to £1000).
- V12VF portal – Stock funding platform (CALMS) that provides flexible stocking option
How do I get started?
- Complete our V12VF Stock Funding form to register your interest for your stock funding facility
- Our Dedicated Account Managers will be in contact with you to discuss your requirements
- Funding will be confirmed (subject to approval) by our Dealer Support Team
- Purchase your vehicles at MAG, quote your V12VF account number and we’ll pay the invoice price to MAG – Purchase of vehicles can be at the cash desk or via website.
V12 Vehicle Finance is a trading name of Secure Trust Bank PLC. Registered in England and Wales 541132. Registered Office: Yorke House, Arleston Way, Solihull, B90 4LH. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our registration number is 204550. Used Vehicle Stocking provided by V12 Vehicle Finance is not regulated by the Financial Conduct Authority or the Prudential Regulation Authority.
LE Capital – Dealer Finance
LE Capital has partnered with MAG to provide dealers with 100% vehicle funding, including buyer and delivery fees.
The product makes it easy for you to manage your cashflow so you can focus on selling cars.
The funding features include:
- Funding cars within 4 hours of request
- No capital repayments for 120 days
- Funding stock for total of up to 240 days
- 100% of trade value or CAP clean funded (inc. fees and delivery charges)
- Fees payable monthly
The offering also significantly reduces your business’ administrative burden because LE Capital manages direct payments to MAG. This means you can focus on your business rather than worrying how you finance your stock.
LE Capital has now funded over £300m vehicles and brings a wealth of expertise to help dealerships grow using stock funding.
You can apply for funding here.
If you have any questions about our product, you can also call us on 0116 502 0116 or email on info@LECapital.co.uk.
NextGear
Flexible, fast, and convenient wholesale stock funding for independent and franchised dealers.
NextGear Capital has partnered with MAG to provide dealers with 100% vehicle funding. A NextGear stocking plan can be used to fund purchases at any MAG auction, including buyer and delivery fees.
The freedom to buy
Stocking up your forecourt has never been so easy. You pay only for what you use, no expectations. You can buy the stock you need, from the sources you like, through the channels you choose.
Benefits include:
- Up to 150 days of funding available
- No retail finance commitment
- Works alongside existing stocking facilities
- No physical security required
Experience you can depend on
We’re honest about our motivation and absolutely focused on our purpose: to help dealers be more successful. That’s it.
- Over £4bn of stock funded to date
- 1,700+ dealerships utilising our funding across the UK & Ireland
- 500,000+ vehicles funded to date
- We’re part of the world’s largest automotive services business
Join us today
Simply apply online at nextgearcapital.co.uk/apply-now or call 0343 50 60 600.
* 100% of the hammer price plus auction and delivery fees (auction purchases), or lower of CAP clean/invoice price (trade vehicles) + VAT funded on LCVs and qualifying vehicles up to the value of £45,000.
