Presented by CarMax Auctions and NextGear Capital
NextGear Capital knows that acquiring inventory continues to be a top challenge for independent dealers which is why we’re offering you with an exclusive promotion. Throughout the month of May, dealers can get 60 days for $30 when they purchase from CarMax Auctions and floor plan those units with NextGear Capital.
2022 marks the fourth year in a row a special promotion has been offered with CarMax Auctions. CarMax Auction clients who are already set up with a NextGear Capital floor plan can take advantage of these promotional terms all May long.
Not set up with a NextGear Capital line of credit? No problem! Start benefitting from the flexibility of additional cash flow and buying power by filling out the form below.
For NextGear Capital dealers to take advantage of this offer, you must be registered with CarMax Auctions. Registration is quick and simple and dealers registered with CarMax Auctions receive the following benefits:
Please provide the following information and a member of NextGear Capital’s sales team will follow up to get your full credit application
*Promotion terms are 60 days for $30 plus interest on the total financed amount which shall accrue on all eligible purchases at the Base Rate (as defined in your Demand Promissory Note and Loan and Security Agreement (your “Note”) plus 4% on the total financed amount from the date of purchase. Promotion applies to dealer’s floor plan fee, term, and interest only. All other charges and terms pursuant to your Note and any other agreement with NextGear Capital apply. At the end of the 60-day promotion, eligible Advances will be rolled over to dealer’s contracted terms as of the date of purchase upon payment of 0% principal reduction, accrued interest, fees and charges. Promotion available only for purchases made by a contracted NextGear Capital dealer at a CarMax Auction location using their retail and/or wholesale NextGear Capital line of credit only between May 1, 2022 – May 31, 2022 that are contemporaneously floor planned with NextGear Capital. Dealer must be in good standing with NextGear Capital with available retail and/or wholesale credit available solely from NextGear Capital and originated from the Discover System, to be eligible for the incentive. To the extent an eligible purchase is otherwise eligible for another NextGear Capital promo or event sale, these event sale terms shall apply. This offer has no cash value and cannot be combined with any other offer. NextGear Capital reserves the right to modify or terminate this offer at any time. Except as otherwise provided herein, all Advances are subject to the Terms and Conditions of your Note with NextGear Capital. Please see your local NextGear Capital representative for complete details. Not available to South Dakota or New York dealers. All Advances made in California by NextGear Capital are made pursuant to NextGear Capital’s California Finance Lender License, #603G505. To opt out of this offer, please visit nextgearcapital.com/opt-out and provide the information requested within 5 business days of the sale date.