NextGear Capital marks one million milestone
Automotive funding specialist NextGear Capital has announced it has now funded over one million vehicles since its 2014 launch.
Over the past 12 years it has assisted more than 4,000 independent and franchised dealers to invest in auction, remarketing, private, trade and part-exchange vehicle purchases, funding over £8bn worth of vehicles across the UK and Ireland.
Its Stocking Plans allow independent and franchised dealers to fund up to 100% of a vehicle’s hammer price, covering auction and delivery fees, and VAT on qualifying LCVs.
Darren Mornin, managing director at NextGear Capital, 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.”
