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  FLEX PRICING A floor plan that flexes for you with deferred payments Flex Pricing lets you defer interest, advance-related fees, and principal paydowns until vehicles are due for payoff or an extension is granted, helping you keep cash in-hand longer, and source even more inventory.1 Deferred Payments Manage your cash flow the way you like…
  
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Article

Powering You With More Flexibility

Whether you’re just starting out or you’ve been in the business for a long time, having more flexibility with your cash flow never gets old. That’s why our lines of credit are specific to the automotive industry, tailored to the unique needs of independent dealers and can be used to floor plan nearly any type…

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Article

NextGear Capital, Manheim, and vAuto Help Independent Dealers Gain Advantages

ATLANTA, Ga. (June 21, 2022) – To continue delivering on its commitment to independent dealer success, NextGear Capital along with Manheim and vAuto are investing in programs and tools to help these dealers gain advantages and make it easier to do business. The following added benefits offer clients ways to save time and run their businesses…

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Video

A message from Scott Maybee

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Article

5 easy ways to go green

Go Green! It’s Good for the Environment & Your Bottom Line These small environmentally friendly changes can add up to big savings for your dealership. In partnership with Cox Automotive, we want to help you take steps to living more environmentally friendly. You don’t need to make big changes overnight, small changes can make a…

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Article

NextGear Capital Creates Dedicated Group for Independent Auctions

Auction Services takes a holistic approach to delivering a better experience for its auction partners To strengthen its business relationships with the auction partners who support the inventory needs of its independent dealer clients, NextGear Capital has created an Auction Services department. Tapped to lead the group is Sandy Moon, the company’s AVP of Auction…

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Article

Dealer Spotlight: Irene Whitesides Making All the Right Moves

When Irene Whitesides started working at a car dealership in 1998, she said that she was the only woman on the sales floor. “The car business used to be a man’s world,” she said. “It was hard because I was a single mother with two kids at the time but I decided that I was…

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Case Study

Finding the Right Floor Plan: New Way Auto

Jesus Estrada, or Junior as most people know him, says he’s been passionate about vehicles since he used to play with model cars as a child. This led to him attending a trade school when he was 17 to become an auto mechanic. On a fateful trip to Florida in 1996, though, he took a…

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Article

What is Floor Planning?

You may have heard of floor planning before but might not be sure what it means. Floor planning is simply a revolving line of credit that independent dealers can use for inventory financing to purchase vehicles and free up cash flow for anything from enhancements to the business, to improvements to their car lot. Here…

Article
Video

Cox Automotive Products and How They Can Help Independent Dealers

Check out the video above to learn about products from Cox Automotive that can positively impact independent dealers and grow their business. Here are some of the Cox Automotive products that are beneficial to independent dealers: Inventory Acquisition – Whether you’re purchasing inventory in-lane or through your mobile device, when you purchase from Manheim your…

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Article

Dealer Spotlight: Bruce Justice Anything but Mediocre

Bruce Justice was working as a technology sales representative when he decided that he wanted to make some additional money on the side by selling a few vehicles. “In the state of West Virginia, you can sell up to four vehicles a year without a dealer’s license, so that’s how I got my start,” Justice…

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