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News

Aged Used Inventory Management Tips for Dealers

March 28, 2019

Used car dealers have the unique challenge of continuously balancing cash flow and inventory. Though maintaining cash flow can be difficult, managing...

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NextGear Capital Names Top 10 Floor Planned Vehicles of 2018

March 21, 2019

Carmel, Ind., March 21, 2019 — While every dealer approaches inventory selection differently, key trends emerged last year that help illustrate which...

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How Independent Car Dealers Can Improve Turn Time

March 14, 2019

Most car shoppers prefer to do their vehicle research online and do as much paperwork as possible before they ever step into...

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Floor Plan Vehicles: Cash Holds You Back

March 7, 2019

It can be incredibly satisfying owning all the cars on your dealership lot. You won’t owe fees, interest or curtailments, and when...

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Buy More & Buy Right With A Flooring Financing Plan

February 28, 2019

The more vehicles a dealer can stock on their lot, the more opportunities there are to make a sale, and ensure...

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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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