A thriving dealer sector is key to the used vehicle ecosystem
That’s why since 2014, we’ve been making it easier for dealers to buy the stock they need, from the sources they like, through the channels they choose. In that time, we’ve funded over £3 billion of vehicles on forecourts the length and breadth of the UK and Ireland with stocking plans specifically designed to meet the unique needs of both independent and franchised dealers.
Why Cox Automotive Funding Solutions?
Fuel profitable growth
Funding is an enabler. Giving a dealer the ability to buy more stock fuels growth. It frees up cash to invest in their business in other ways - facilities, marketing or people, for example. Some dealers use it to diversify, some specialise, others expand.
Either way, the effect can be transformational.
Freedom to buy
Our funding proposition is to make life fast, flexible and convenient. Fund 100% of the hammer price or invoice price/CAP Clean (whichever is lower). Pay for stock in an instant at Manheim and Dealer Auction but also at 70+ independent auction and wholesale sources.
Single-minded interest
Our funding proposition is delivered through NextGear Capital, an independently managed business within the Cox Automotive family. Why? Because we think focus and neutrality are important.
It’s a simple formula our customers tell us they love.
Our Funding Solutions business
NextGear Capital provides flexible, straightforward and dependable vehicle stock funding for independent and franchised dealers, each with a bespoke stocking plan designed specifically for their unique needs.
Since 2014, NextGear Capital has funded over £3 billion of vehicles on forecourts the length and breadth of the UK and Ireland.
