CarMax Auctions 60 days for $30*

Special floor planning event May 1 – 31, 2021

Floor plan any CarMax Auction purchase!

NextGear Capital knows that acquiring inventory continues to be a top challenge for its independent dealers which is why we’ve partnered with CarMax Auctions to provide 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.

2021 marks the third year in a row a special promotion has been offered as part of our ongoing partnership 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:

  • 1,000’s of vehicles sold weekly
  • Dealer-only auto auctions
  • Open bidding with no surprises

Are You Ready to Take Advantage of this Incredible Offer?

Not currently registered with CarMax Auctions?
Join to get access to nationwide virtual auctions.

 
How CarMax Auctions registration works:

 

Register 
Create an account, add unlimited buyers. 

Connect 
Your personal CarMax Auction rep will give you a call. 

Bid & buy 
Attend CarMax Auctions and build your inventory. 

Not a NextGear Capital client? Fill out the form below to get started today!

*Certain conditions apply. All rights reserved. Promotion terms are 60 days for $30 plus interest on the total financed amount which shall accrue on all eligible purchase the Base Rate (as defined in your Demand Promissory Note and Loan and Security Agreement (your “Note”)) plus 4% (this combined rate is the “Promotional Rate”) on the total financed amount from the date of purchase. NextGear Capital’s Promotional Rate may vary from your contracted interest rate pursuant to your Note. The promotion applies to dealer’s floor plan fee, term, principal reduction percentage and interest only. All other charges and terms pursuant to your Note and any other agreement with NextGear Capital apply, including but not limited to records fees. At the end of the 60th day, each eligible approved and funded inventory advance floor planned during the promotion period 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 CarMax auction locations using their retail or wholesale NextGear Capital line of credit only on May 1, 2021 through the close of business on May 31, 2021, that are contemporaneously floor planned with NextGear Capital. Dealer must be in good standing with NextGear Capital and CarMax Auctions with available retail 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. NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, PROMOTION IS NOT AVAILABLE TO SOUTH DAKOTA, CANADIAN 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.

Get the financing and flexibility you need to succeed – sign up for a NextGear Capital floor plan today!

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