For any independent dealer, paying bills is probably the last thing you want to think about after a long day managing your lot’s inventory and dealing with customers. And with most dealers partnering with multiple industry vendors, managing payments dates across numerous accounts can become overwhelming. It can also be frustrating if you’re getting charged with late fees that are eating away at your profits, simply because you’re having difficulty keeping track of all your dealership’s billing.
Thankfully, NextGear Capital has made managing payments and payoffs a transparent and simple process inside its Account Portal. In the Payment section, you can view upcoming payment information, schedule to pay off a vehicle, make a payment on a curtailment, or just pay the interest off on any selected vehicle. All from the convenience of your computer or mobile device.
Within the Vehicle Payments screen items are organized by:
- Due Date (including the option to Request Extensions)
- Description
- Floored Date
- Vehicle Status
- Amount Due
- Payoff
You’re also able to view and make changes to the bank account you want to make payments from. If you have previously set up multiple financial accounts, you can delegate the designated account for payment. You can also see information for any applicable account fees including due date, fee type, description, date posted and amount. If you want to alleviate the daily stress of managing payments, you can do so by signing up for AutoPay.
Payment information isn’t the only thing you can manage in this section, you can also update a title release address and choose between aggregated and itemized receipts.
Simply put, when you manage payments inside NextGear Capital’s Account Portal, you get complete transparency into what’s being paid and when. Check out our video tutorial on payments inside of Account Portal and start getting MORE out of your floor plan today!
Not a NextGear Capital dealer? Contact us today at 888.969.3721 to get started.
*Certain conditions apply. All rights reserved. Subject to the terms of dealer’s Demand Promissory Note and Loan and Security Agreement with NextGear Capital. Certain valuation information is licensed from and provided by third parties as denoted. Advances made in California are subject to NextGear Capital’s California Finance Lender License, #603G505.