Road to success – the dealers that chose NextGear Capital
In a previous update we explained how a NextGear Capital Stocking Plan can boost your bottom line. It helps you to grow your business and manage your cashflow, helping you invest in other areas of your business.
But don’t just take our word for it, let’s hear from three dealers who reveal how our Stocking Plans have kept them on the right road to success.
Dealer 1
Location: Lincs
Dealership type: Independent
Why did you choose NextGear Capital? We opened our family-run business about 14 years ago and have been funding stock with NextGear Capital for over five years. Our relationship has grown over the years and we have remained close, the help and support they’ve given us has been great. We continue to use NextGear Capital as a Stock Funding provider because we know they care.
How has a Stocking Plan benefitted your business? Put simply, having a Stocking Plan has allowed us to grow and expand to where we are today. It lets us offer a broader range of vehicles on our forecourt, but it also improves our stock turn and provides us with new opportunities to grow our profits. Also, the choice of where to source stock has helped a lot and we regularly fund stock directly through the Dealer Auction platform.
Would you recommend NextGear Capital to a fellow dealer? Of course, it’s given us the agility to buy vehicles needed and expand. Like any dealer, we can’t sell empty spaces. Our Stocking Plan gives us greater potential and means we can offer our customers more.
Dealer 2
Location: Northern Ireland
Dealership type: Independent
Why did you choose NextGear Capital? We are a family-run business and mostly source our stock from car websites. But we wanted to have more stock and increase our profits.
How has a Stocking Plan benefitted your business? Having a Stocking Plan has effectively increased both our buying power and confidence in being able to source vehicles without worrying about our cashflow being impacted.
Would you recommend NextGear Capital to a fellow dealer? 100% yes. I would not hesitate in recommending NextGear Capital as a wholesale funding provider. It’s transformed our business. There are so many benefits, our Stocking Plan works really well for us.
Dealer 3
Location: West Sussex
Dealership type: Independent dealer
Why did you choose NextGear Capital? Keeping a new business running and growing in the early stages can be a case of sink or swim. Access to capital to grow a new business is almost unobtainable, to quote Winston Churchill it’s “like a man standing in a bucket and trying to lift himself up by the handle. But NextGear Capital is willing to work with newer businesses to help them grow, so their stock funding turned out to be a smart choice.
How has a Stocking Plan benefitted your business? It’s helped us quickly get our overheads under control and has more than doubled our retained profits. We now have a sustainable business plan that works. That means less stress and more profit.
Would you recommend NextGear Capital to a fellow dealer? Oh yes, definitely. We saw the benefits within the first month of partnering with NextGear Capital.
As our dealer stories above prove, choosing a NextGear Capital Stocking Plan could help you better manage your cashflow while boosting your bottom line.
Why not get in touch to see how we could support your business?