Who can apply for a NextGear Capital stocking plan?
In order to make an application for a NextGear Capital Stocking Plan, you need to fulfil the following criteria:
- be a VAT registered dealer
- have physical premises where customers could view vehicles for sale
- stock 6 or more vehicles
- be a memeber of SIMI
- have been trading or held a franchise for more than 12 months and be able to provide financial statements
- you also need to be able to provide a personal guarantee from either you (if you operate as a limited company or limited liability partnership) or in certain other cases, a third party.
If you have any questions about eligibility, please call our Customer Service team on 1890 944 533 and the team will explain the criteria in more detail.
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