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NextGear Capital

NextGear Capital Renews $1.1 Billion Financing Securitization

Renewed credit facility and securitized term note reinforces NextGear Capital as a strong lending partner for independent dealers.

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NextGear Capital Reports Top 10 Floor Planned Vehicles During First Half of the Year

Independent dealers are securing sought-after vehicles despite tight inventory.

NextGear Capital Unveils First Floor Plan Designed Specifically For New Dealers

“First Gear” helps meet the challenges of getting a used car dealership up and running.

NextGear Capital’s Enhanced Account Portal Makes Floor Planning Easier for Independent Dealers

Enriched features help dealers save time, puts account information at their fingertips.

NextGear Capital Introduces New Floor Plan Program

Flex Pricing gives dealers greater cash flow to invest back into their business.

NextGear Capital Strengthens its Executive Leadership Team

NextGear Capital has promoted Lisa Mackie to vice president of Portfolio Management and Thad Sykes to associate vice president of Sales.

Maybee Named President of NextGear Capital

Ten-year auto finance veteran Scott Maybee has been named president of NextGear Capital after serving as general manager of Manheim Northstar Minnesota.

Mich. Dealer Wins 2019 National Quality Dealer Award

NextGear Capital and Cox Automotive will donate an emergency response vehicle to Troy, Mich., in recognition of City of Cars’ Otto Hahne, who was named National Quality Dealer by the National Independent Automobile Dealers Association.

NextGear Offers Expedited Funding Process

NextGear Capital has introduced ‘Rapid Pay,’ a new feature designed to help dealers initiate the vehicle funding process before the title is received.

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NextGear Enhances Account Management Platform

The floorplan financing provider has updated its Account Portal management platform with a new feature that allows dealers to opt into a recurring and automated payment system.

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