We’ve funded one million vehicles across the UK and Ireland!

This week marked a major milestone for the business. NextGear Capital has now funded more than one million vehicles across the UK and Ireland since launching in 2014 – a defining moment in our growth.

Over the past 12 years, we’ve supported more than 4,000 independent and franchised dealers, helping them invest in auction, remarketing, private, trade and part‑exchange purchases. In total, we’ve funded over £8 billion worth of vehicles across the UK and ROI.

Reflecting on the achievement, our Managing Director, Darren Mornin, said:

“Funding our one millionth vehicle is a defining moment for everyone at NextGear Capital and for the thousands of dealers who’ve trusted us to help them grow. Since 2014, our commitment to this industry has remained steadfast, giving dealers fast, flexible access to funding so they can stock the right vehicles and run more profitable businesses. Reaching this milestone is a reflection of the strength of these partnerships, and we’re incredibly proud of the role we’ve played in supporting the used vehicle market across the UK and Ireland.”

Our Stocking Plans allow independent and franchised dealers to fund up to 100% of a vehicle’s hammer price, including auction and delivery fees and VAT on qualifying LCVs. Dealers can fund vehicles up to £75,000 for up to 150 days, giving them the flexibility to source stock from auction, trade, private and part‑exchange channels without tying up working capital.

This milestone also comes during a period of strong momentum for our business, including the formation of eight major new partnerships with brands such as Carwow and Motorway.