News

The Floorplan Finance Process at Online Car Auctions

February 21, 2019

One of the key advantages floorplan financing offers is the ability to pay for inventory across both physical and digital auction...

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Increasing Profit Margins through Floor Planning

February 14, 2019

Skeptical dealers don’t always understand that a floor plan can be leveraged to help increase a dealership’s profit potential. The general...

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Use Self Reconciliation to Clear Audits, Faster

February 7, 2019

Floor plan financing companies request periodic audits to ensure that borrowed funds are used to purchase vehicle inventory. Though an...

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Floor Plan Vehicles to Help Save You Time

January 31, 2019

When you run a dealership, time is your most valuable resource. Finding and acquiring vehicles to stock your lot, attending to...

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NextGear Capital vs Other Car Floor Plans

January 24, 2019

When it becomes clear your dealership needs an influx of cash, determining which car floor plan source you should use becomes...

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Comparing Floor Plans vs. an Auto Bank Floor Plan

January 17, 2019

When used car dealers realize their business needs an influx of funding, they’re presented with a few different options. Most prominently,...

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How a Flooring Financing Plan Compares to Cash

January 10, 2019

Cash flow is the lifeblood of any business, but this especially rings true for automotive dealers. Used car dealers have to...

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NextGear Capital Makes Streamlined Auditing Process Available Nationwide

January 7, 2019

Dealers should be spending their time and energy focused on activities that benefit their customers and their bottom line, not managing ancillary...

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Managing Your Floor Plan Financing Account

January 3, 2019

Once a dealer is approved for a floor plan they not only have nearly immediate access to additional funds, but they...

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Six Ways Independent Dealers Can Win in 2019

December 27, 2018

Tips for the new year from NextGear Capital’s VP of Sales, Lisa Mackie At NextGear Capital, we pride ourselves on...

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