At NextGear Capital, we understand that every dealership is different. As an independent dealer you are faced with unique challenges every single day and that’s why we’re committed to providing flexible financing solutions that are tailored to your business’s needs.
Whether you’re just starting out or you’ve been in the business for a long time, having more flexibility with your cash flow never gets old. That’s why our lines of credit are tailored to the unique needs of independent dealers, and available for floored inventory from any source, including auctions, trade-ins and off-street purchases.
With Flex Pricing, keep cash in-hand longer with deferred payments on floored vehicles purchased from any source. Interest, floor plan advance-related fees, and principal paydowns are deferred until the floored vehicle becomes due for payoff or an extension is granted*, making it easier for you to manage your cash flow and powering you to do what you do best — sourcing and selling more cars!
Built for independent dealers who have been in business for 12 months or less, First Gear** provides access to an introductory line of credit without submitting, at application, the bank statements or records other programs may require Where others say no, we say yes.
“NextGear has flexible floor plans, making it a lot easier for me to stock more inventory. They understand my niche market and they kind of cater to help whatever I need with growing.”
Dylan Spotleson
Spotleson Motor Group****
Terms and Conditions:
*Certain conditions apply. All rights reserved. Flex Pricing is available only to eligible dealers with retail, wholesale, salvage, or heavy truck lines of credit with NextGear Capital who have signed the appropriate Advance Schedule(s). Eligibility is in NextGear Capital’s sole discretion. Interest, Floorplan Advance-related fees, and principal paydowns are deferred until the earlier of the last day of the final Period as stated on the applicable Advance Schedule, the day on which Lender declares a Maturity Event, or the day the Unit is sold. Dealers should refer to the terms and conditions of their Demand Promissory Note and Loan and Security Agreement (“Note”), the applicable Advance Schedule and any other written agreements with NextGear Capital, for complete details, terms and conditions. NextGear Capital reserves the right to modify or terminate this offering at any time. For certain source options referenced, you must be set up for non-purchase money financing to be eligible. Capitalized terms not defined in this disclaimer are defined in the Note. This offer has no cash value. Notwithstanding anything herein to the contrary, Flex Pricing is not available to New York, Rhode Island, South Dakota or North Dakota dealers. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
**Certain conditions apply. All rights reserved. First Gear is available only for dealers who have been in the automotive business for 12 consecutive calendar months or less. Eligibility is in NextGear Capital’s sole discretion. Dealers must have signed the appropriate Advance Schedule(s) to receive this offering. An initial, introductory line of credit in the amount of the greater of $50,000 or the minimum allowed by law in dealer’s state without submitting bank statements or records. NextGear Capital reserves the right to modify or terminate this offer, without notice and at any time. Notwithstanding anything herein to the contrary, First Gear is not available to New York, Rhode Island, South Dakota or North Dakota dealers. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505.
***Restrictions apply. Not available in NY, ND, RI or SD. Click “Flex Pricing” above for eligibility and more details.
****This testimonial was received via interview, audio and/or video submission. It is based on the dealer’s individual experiences, reflecting real life experiences of that NextGear Capital dealer. This dealer’s experiences may not be indicative of future performance or success of any other dealers. The testimonial may have been shortened so the whole message is not displayed due to length and/or relevance.
