News

November 21, 2018

Cash flow is typically the lifeblood of any business. Though there are many factors that play into a dealer’s profitability, the...

November 15, 2018

NextGear Capital’s Self Reconciliation solution was built to give dealers more control over the auditing process. With the power to reconcile...

November 8, 2018

Every dealer uses a few different metrics to evaluate the success of their business. A floor plan is a crucial part...

November 1, 2018

Account access 24/7 NextGear Capital’s funding feature for non-auction purchases, Rapid Pay, has financed more than $1 billion in inventory so far...

November 1, 2018

Maintaining dealership profitability relies on dealers to continually balance their inventory and cash flow. With a floor plan, dealers have more...

October 25, 2018

Keeping your dealership in business isn’t easy, but you love the work. You find in-demand cars with decent margins, and your...

October 18, 2018

To help maintain current business, dealers will frequently realize they need additional funds, and quickly come to the conclusion that there...

October 11, 2018

Audits can be an inconvenient, but necessary part of having a floor plan line of credit. In the near...

October 4, 2018

Though there are significant differences between retail and wholesale dealer business models, the fact remains that both types of dealers have...

September 19, 2018

Often confused with building layouts, a “floor plan” is essentially a short term loan that car dealers can use to stock vehicles...

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