V12 Procedure Guide - Flipbook - Page 36
Product + Procedure Guide
Proof
Requirement
Proof of
Se琀琀lement
of Exis琀椀ng
Finance
• Valid clearance letter from the 昀椀nance company that we can link back
to the HPA, or the settlement can be included within the invoice
DVLA Checks
• You will need the customer’s driving licence number to complete the
application process. If the customer does not have a copy of their full
valid UK or Northern Ireland driving licence, the customer will need to
obtain their driving licence details from the DVLA.
• If the settlement is included in the invoice, the settlement amount
must equate to the total sum of the part-exchange and cash
deposit values.
• The customer can call the DVLA on 0906 139 3837 and leave
permission for V12VF. For Northern Ireland driving licences,
customers need to call 0845 402 4000.
• Telephone mandate service is open Monday to Friday 8.00am to
8.30pm and Saturday 9.00am to 5.30pm (there is no service for
Northern Ireland driving licenses on a Saturday), or
• Customers can obtain the details via the online DVLA check.
Job Check
• Deals may be subject to a satisfactory job check. The customer may
need to complete the Customer Job DPA form to provide permission
for their employer to disclose the information to V12VF.
• If a customer is employed via an agency or on a zero-hour contract
for a minimum of 6 months, a job check will be required to con昀椀rm
contract status. If the customer is employed with the same employer
through the agency for this period, then the deal may proceed.
Vehicle
Clearance
• Per terms of the operating agreement, the dealer / broker is
responsible for ensuring the vehicle is clear of any 昀椀nancial interest.
Please note, V12VF may amend the required criteria at any time. The requirements stated above
are shown for information and guidance.
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