A NextGear Capital plan frees up your cashflow and gives you the buying power to stock more of the right vehicles. Whether that’s higher value models, larger volumes, or expanding into LCVs.
1. Once approved, start funding purchases with your Stocking Plan. NextGear Capital funds the purchase and retains title of the vehicle until it’s cleared.
2. You’ll have a rolling Stocking Plan limit set at an agreed amount above £50,000 for private and trade purchases.
3. Fund vehicles at partner auctions or online – these are called Auction Source purchases.
4. You can also add trade purchases and part exchange vehicles – these are called Trade Source purchases.
5. Keep vehicles on your forecourt for up to 150 days.*
6. Fixed fees are payable at the start of the holding period and on interim payment dates.
7. A daily holding charge applies throughout the holding period.
8. Interim payments are required at 45, 75 and 105 days.
9. Clear the balance when the stocking period ends or when the vehicle sells.
*Franchised dealer plan only. Independent dealer plan maximum stocking time is 120 days.
