NextGear Capital

Visit NextGear Capital
Category: Vehicle Funding

www.nextgearcapital.com

11799 N. College Ave.
Carmel, IN 46037

Phone: (317) 969-3721
Toll Free: (888) 969-3721
Email: ANDREA.GILMAN@coxautoinc.com

Description

NextGear Capital is the world’s most comprehensive and innovative provider of lending products for vehicle dealers and auctions. With pioneering technology and a total commitment to customer service, NextGear Capital empowers dealers to floor plan vehicles from anywhere, at any time. NextGear Capital lines of credit can be used for a variety of purchases – Retail, Wholesale, Salvage or Specialty. The company is a dynamic new industry leader that is 100% focused on helping customers shift their business to the next level. Serving more than 17,000 dealers and over 1,000 auctions across North America, NextGear Capital is the most comprehensive and innovative provider of lending products and support services for the automotive remarketing industry. NextGear Capital boasts cutting-edge technology that allows dealers to floor plan vehicles from anywhere, at any time. Customers enjoy access to more pricing options than ever before, including customized inventory finance options tailored to suit their specific needs. The company sets a new standard for buying and selling vehicles at live and online auctions, with a versatile line of credit that works seamlessly at auction sites across the U.S. and Canada. Customers can benefit from a wider variety of customized inventory finance options for retail, wholesale, salvage or specialty (rental, heavy truck, RV and receivables financing). Purchases by NextGear Capital customers are backed by powerful support services, including Retail Lender Connection, Collateral Protection, Records Management and Title Services. Carmel is home to NextGear Capital, the world’s most comprehensive and innovative provider of lending products and support services for the automotive remarketing industry. NextGear Capital provides financing for independent auto dealers to purchase – known as ‘floor planning’ – their inventory for resale. The company provides services for over 1,000 auto auctions and more than 17,000 independent dealers throughout the U.S. and Canada. NextGear Capital was introduced as a new company on February 1st, 2013. A result of the merger of two industry leaders – Manheim Automotive Financial Services (MAFS) and Dealer Services Corporation (DSC) – the company retained the facilities in Carmel where DSC resided. Manheim, the world’s largest provider of vehicle remarketing services, acquired DSC in 2012, ultimately merging their own finance arm (MAFS) with DSC to create NextGear Capital. NextGear Capital’s history is well-established with Indiana. Dealer Services Corporation began in Carmel in 2005, and quickly grew to become an industry leader. Renowned for their high standards of customer service and cutting-edge technology, Manheim purchased the company, creating an industry powerhouse. Brian Geitner, former president of DSC, serves in the same capacity for NextGear Capital, bringing his passion for serving the industry and his proven track record in building successful floor plan companies. “Creating NextGear Capital is a visionary endeavor,” said Geitner, “We are building an industry-serving floor plan company on the solid foundations of two great industry leaders with strong cultures of customer focus, innovation and service.”

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