6 Things You May Not Know About our Stocking Plans
Many dealers may think of a Stocking Plan as simply a credit account that works in a similar way to a traditional loan company, in this blog, we share just a handful of ways a Stocking Plan is so much more than a credit line.
6 Things You May Not Know About our Stocking Plans
Increased flexibility – With additional cash flow, you have the ability to be agile. Do you need to quickly meet the demand of your customers, or do you want to try stocking your forecourt with different types of vehicles? Working with us provides you with straightforward and dependable vehicle funding so you can make quick decisions when needed.
Freedom to buy – A Stocking Plan enables you to buy the stock you need, from the sources you like, through the channels you choose. Whether that’s a part-ex, trade or an auction vehicle, your Stocking Plan is there for you to use. Plus, because you pay only for what you use and we’ve no expectations for your exclusivity or retail business, you are free to lean on us when and where it suits you.
Financing for dealers – Traditional bank loans are typically structured with fixed terms and aren’t designed around the needs of a specific business or industry. Stocking Plans are designed with a dealers’ needs in mind. They’re flexible and structured to help dealers manage their cashflow throughout the sales cycle. Whether you’re an independent or franchised dealer , specialise in carrying lower priced vehicles or have very specific needs in a funding partner, you’ll be able to select the plan that best fits your business needs.
Support when you need it – - We have a dedicated support team that will help and partner with you, with tailored plans and hands-on support rooted in genuine interest. We can provide you with the additional support you need to help your dealership reach its full potential – at no additional cost.
No retail finance commitment – With us, you can avoid the restrictions of captive finance. It can be difficult at times to know what you are being charged for when lenders have hidden fees along with complicated loan terms. Also, it’s not always practical or desirable to connect your wholesale and retail finance needs. As a wholesale funding provider, we know how frustrating this can be and ensure fees are clear, upfront, and easy to understand, so you don’t get hit with any surprises.
Account management – Do you get tired of spending hours managing your stock and payments? When you choose a wholesale funding partner like NextGear, we can offer support through our StockMaster platform*. StockMaster gives you support and access at your fingertips to help you manage different aspects of your dealership, including viewing and funding vehicles won at our participating auctions anywhere, anytime. At the touch of a button, you can fund vehicles on the go, saving you time at the payments desk and reducing your admin burden, in turn saving you time so you can focus on selling more stock.
If you want to learn more about our flexible, straightforward, and dependable stock funding options, contact us here.
*UK only.