In addition to the cost of the vehicle when sold (known as the ‘hammer price’) most auction houses charge fees on top – such as buyer fees, inspection charges, transport, and VAT on services. We refer to these costs as ‘disbursements’. When NextGear Capital pays an auction house for a vehicle you have bought on our behalf, the full invoice amount is paid. This covers 100% of the hammer price and any disbursements.
We take these disbursements from your bank account by Direct Debit, once the vehicle is settled off your Stocking Plan. If you have any queries about the Direct Debits being taken from your bank account, please call our Customer Service Team on 0343 50 60 600.
