Moneybarn Vehicle Finance, a UK lender in the non-standard motor finance sector, has renewed its exclusive two-year partnership with British Car Auctions (BCA), a used vehicle business.
This deal will see BCA managing more than 24,000 vehicles throughout the contract and providing specialised Inspect and Collect services for Moneybarn.
The used car marketplace promises to offer a diverse range of vehicles of varying ages and mileages from the lender, with online sales conducted from Monday to Saturday, targeting a broad audience of professional motor industry buyers.
BCA said it continually enhances its digital products, simplifying the customer experience through BCA Online and the Buyer app.
Established in 1992 and part of Vanquis Banking Group, Moneybarn offers specialist car, van, and motorbike finance. It assists customers who may face challenges securing finance from mainstream lenders.
BCA chief commercial officer Craig Purvey said: “We are delighted to have renewed our partnership with Moneybarn for a further two years and will continue to tailor remarketing solutions to meet the needs of Vanquis and its specialist vehicle finance business.
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“This programme will deliver a substantial range of attractive and affordable stock for buyers via BCA Online and the BCA Buyer app.”
Vanquis Banking Group spokesperson Paul Green said: “Moneybarn has a solid, longstanding partnership with BCA which continues to support our business with exceptional levels of service.
“BCA delivers a market-leading digital sale experience, making the entire remarketing process efficient and generating the best possible returns for Moneybarn vehicles.”
Vehicles will be available from various BCA centres via dedicated sections within BCA’s fleet and finance sales.
Eligible vehicles will come with a BCA Assured Report, and many are pre-sale prepared to a high standard using BCA’s Grade Enhancement services.
Older Moneybarn vehicles are sold with a BCA Essential Check.
In a separate development, BCA recently renewed its exclusive remarketing partnership with Windrush Automotive Group for another two years. This agreement covers up to 1,500 vehicles.
Windrush Automotive Group, the official Volkswagen Retailer for Berkshire, operates in Slough, Windsor, and Maidenhead, and serves corporate customers across the UK, including battery-electric vehicle sales.
