NextGear Capital
NextGear Capital describes itself as a provider of flexible floor plans and financial services for independent dealers, and the directory records it as Cox Automotive’s floor plan arm. Its site says a floor plan is a revolving line of credit used to purchase vehicles for a lot.
NextGear Capital: Floor Planning
The company lists floor planning, flex pricing, First Gear and other finance programs, and says its floor plans can finance retail, wholesale, salvage, commercial truck and specialty units, with a mobile app for managing payments and audits.
| Product or service | Function |
|---|---|
| Floor Planning | A line of credit customized for acquiring inventory. |
| Flex Pricing | A program that offers deferred payments on principal. |
| First Gear | A program aimed at new dealerships. |
| Finance Programs | Additional programs including trade-in and inventory protection options. |
| Mobile app and account tools | Managing payments, audits and titles in one place. |