We’ll cover 100% of the hammer price, including VAT where applicable, for eligible vehicles bought at auction. Auction fees and delivery costs are invoiced as disbursements and not included in the purchase price.
For vehicles that are Trade Sourced, we’ll cover the purchase price less any reduction of valuation risk based on trade guide values – either CAP or Glass.
If we ask you now how much it costs to stock individual vehicles or how much profit you’ve made when all costs are taken into consideration, like most dealers you might find it difficult to pinpoint a figure.
But with NextGear Capital, you’ll be able to accurately work out the profit figure for every sale. Our payment structure is based on set fees, so you’ll know exactly how much each transaction will cost, however long it takes to sell the vehicle. Plus you can use our calculator to find out how using a NextGear Stocking Plan can help your business over a 12 month period as well as for an individual vehicle sale.
You will be charged a set-up fee once your Stocking Plan is activated and a renewal fee for each annual renewal of your Stocking Plan. A fee is also charged each time our agents conduct a physical audit of your stock. The current audit frequency is monthly.
*100% of hammer price (auction purchases), or lower of CAP clean/invoice price (trade vehicles) + VAT funded on LCVs and qualifying vehicles up to the value of £75,000.
