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How does the Stocking Plan work?
How does the product work for auction houses and wholesalers?

How does the product work for auction houses and wholesalers?

  • Dealers become approved buyers with a rolling Stocking Plan limit and buy stock on behalf of NextGear Capital who retain title of the vehicle
  • Dealers can select vehicles to buy at partner auctions or online just as they do now
  • Partner auctions or wholesalers invoice NextGear Capital for eligible dealer purchases when dealers elect to acquire vehicles on their NextGear Capital Stocking Plan
  • NextGear Capital will fund the vehicle hammer price and eligible fees such as delivery and indemnity fees
  • Make sales easier and faster - you'll receive payment within three working days
  • Could improve cash flow for auction houses or wholesalers and their customers
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