Location: UK
+44 343 50 60 600
NextGear Capital is the funding solutions arm of Cox Automotive. As the UK’s leading vehicle stock funder, we offer Stocking Plans ideally suited to the way dealerships buy and sell their stock.
NextGear Capital is the funding solutions arm of Cox Automotive. As the UK’s leading vehicle stock funder, we offer stocking plans ideally suited to the way dealerships buy and sell their stock.
Since launching, we’ve assisted 4,000+ independent and franchised dealers to invest in auction, remarketing, private, trade and part-exchange purchases. In fact, we’ve funded over £8bn worth of vehicles across the UK and ROI.
We’re not just here to fund your forecourt. With partnerships across two‑thirds of UK and Irish auctions and remarketing platforms, we connect you to fresh stock with instant payment and hassle‑free transactions.
As the largest specialist stock-funding provider in the UK, we are always looking at innovative ways to best support our customers. That’s why our platform is designed for convenience, giving you secure access from any device so you can manage your plan with ease.
With years of combined industry experience under our belts, we’ve established a knowledgeable team of industry experts that are here whenever you need them. As well as your dedicated Account Manager, our Customer Service Team are available to answer any questions you have.
We’re not FCA-regulated. We fund used cars and vehicles directly, which means we’ll fund the stock you source for your forecourt, but we’ll never lend you money.
No. We’re the only wholesale funder in the UK to offer our customers flexibility in the stock they buy. Dealers can source their vehicles from their choice of auction, remarketing, trade, private or part-exchange stockists, or make use of our partner auctions. You find it, we’ll fund it.
To apply for a NextGear Capital Stocking Plan, which start from £50,000, you need to:
If you have any questions about eligibility, please call our Customer Service Team on 0343 50 60 600, and the team will explain the criteria in more detail.
If you make your application online today, you can expect confirmation that we’ve received it within one working day. If we need additional information from you about you or your business, such as bank statements and financial statements, we will contact you within two working days. If you can provide all the necessary information, you can expect an onboarding decision in a further two working days.
If the application is approved, all the necessary documentation and requests for information (such as insurance, proofs of ID/address, and Landlords Waiver) should be with you within three working days. Once we have received and satisfactorily reviewed the required documentation, we will activate your Stocking Plan within five working days.
In the US, NextGear Capital leads the market with over 17,000 dealers and 1,000 auctions, and we’ve brought that proven model to the UK and ROI. With this expertise and the latest technology, our goal is simple: to deliver straightforward Stocking Plans that streamline operations and drive profitability.
