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