V12 Procedure Guide - Flipbook - Page 9
Procedure Guide
Procedure Guide
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Non Manufacturer Modified Cars
• Ex-Ministry of Defence Vehicles
• If the applicant has ever had a Debt Management Plan this
will result in a decline
• Vehicles with missing or obscured provenance
(e.g. the Vehicle has been out of the country for an
extended period of time)
• Bankruptcy detected will result in a decline
• Insurance write-offs (all categories)
• If the applicant has ever had a default this will result in
a decline
• Battery Electric Vehicles (BEV)
• Any vehicle using alternative fuel (i.e. is not a Petrol, Diesel,
Petrol Hybrid, Diesel Hybrid)
We allow a worst status of 1 payment down on unsecured
arrears as long as it hasn’t been in the last 12 months
Standard Proofs
• Selected Manufacturers are excluded:
Manufacturer Exclusions:
• AC Cars, Aixam, Cadillac, Caterham, Columbus, Corvette,
Daihatsu, DAM, Dodge, Dongfeng (DFSK), EAG, Ferrari,
Hummer, Invicta, KTM, Lamborghini, Ligier, Lotus, London Taxi,
Mahindra, Marlin, Marcos, Maybach, McClaren, MIA, Microcar,
Moke, Morgan, Noble, Perodua, PGO, Prindiville, Proton, RollsRoyce, San, TD Cars,
TVR, Westfield.
• V12 Vehicle Finance may amend the inclusion/exclusion of
vehicle variants at any time. The exclusions stated above are
shown for information and guidance.
Proof
Requirement
Invoice
Please ensure the details on the invoice match to the Hire
Purchase agreement
All invoices must be made out to V12 Vehicle Finance,
One Arleston Way, Solihull B90 4LH
The invoice must comply with the VAT Margin Scheme with
sellers margin scheme declaration (e.g. “This invoice is for a
second hand margin scheme supply”) where required
Dealer business name, address and VAT registration number to
match the credit intermediary on the agreement
Decline Credit Policy Rules
• Applicant’s age is under 21 or over 75 years old at the time
of application
• Unacceptable employment status detected in
application data
• Foreign address detected in the last 3 years in
application data
• If the applicant has ever had any CCJs this will result in
a decline
• Secured loans 1 or more in arrears will result in a decline
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Stock book number and invoice number
Date of transaction (invoice date) must be between the date of
acceptance and date submitted for payout
Description of vehicle: make, model, VIN, VRM and date
of registration
Itemised list of all the VAPs products sold and financed to
include the VAP amount including IPT where relevant
Total price, deposit and/or part-exchange (including any
settlement of finance where appropriate), amount to finance
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